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SWY » Topics » 7.8 Securities Activities .

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

7.8 Securities Activities.

 

A. Neither Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.

 

B. Following application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Company only or of Company and its Subsidiaries on a consolidated basis) subject to the provisions of subsection 9.1 or 9.3 or subject to any restriction contained in any agreement or instrument between Company and any Lender or any Affiliate of any Lender, relating to Indebtedness and within the scope of subsection 10.2, will be Margin Stock.

 

"7.8 Securities Activities ." elsewhere:

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