A LOAN Clause Samples
A LOAN. Subject to the provisions of this Agreement, IFC agrees to lend, and the Co-Borrowers agree to borrow jointly and severally, the A Loan being twenty-two million Dollars ($22,000,000).
A LOAN. The Borrower shall use the A Loan wholly and exclusively for the following purposes:
(a) first, towards full and final discharge of the Existing Loan and payment of fees pursuant to Section 21 (Fees); and
(b) thereafter, for financing Approved Costs incurred in connection with the Project.