Common use of Amount and Purpose of Loan Clause in Contracts

Amount and Purpose of Loan. In reliance upon the representations and warranties contained herein and subject to the terms and conditions of this Agreement, the Lender will lend to the Borrower the principal sum of $500,000 (the “Principal”). The entire amount of the Principal is to be used to finance current purchase orders and general working capital for the Borrower.

Amount and Purpose of Loan. In reliance upon the representations and warranties contained herein and subject to the terms and conditions of this Agreement, the Lender will lend to the Borrower the principal sum of $500,000 (the “Principal”). The entire amount of the Principal is to be used to finance current purchase orders and for general working capital for the Borrowercapital.

Amount and Purpose of Loan. In reliance upon the representations and warranties contained herein and subject to the terms and conditions of this Agreement, the Lender will lend to the Borrower the principal sum of $500,000 1,047,390 (the “"Principal”"). The entire amount of the Principal is to be used to finance current purchase orders and for general working capital for the Borrowercapital.

Amount and Purpose of Loan. In reliance upon the representations and warranties contained herein and subject to the terms and conditions of this Agreement, the Lender will lend to the Borrower the principal sum of $500,000 25,000 (the “"Principal”"). The entire amount of the Principal is to be used to finance current purchase orders and for general working capital for the Borrowercapital.