The Borrower will not, nor will it permit any subsidiary (whether a consolidated subsidiary or an Excluded Consolidated Subsidiary) to, use any of the proceeds of the Advances to purchase or carry any “margin stock” (as defined in Regulation U). The Borrower will not request any Loan or Letter, and will not use, and the Borrower will ensure that its subsidiaries (including each consolidated subsidiary and each Excluded Consolidated Subsidiary) and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan or Letter in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws.