Common use of Amount and Source of the Loan Clause in Contracts

Amount and Source of the Loan. The Issuer agrees to lend to the Borrower, upon the terms and conditions herein and in the Indenture specified, the net proceeds received by the Issuer from the sale of the Bonds (the “Loan”), and to cause such proceeds to be deposited in accordance with the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (RBC Bearings INC), Loan Agreement (RBC Bearings INC)

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Amount and Source of the Loan. The Issuer agrees to lend to the Borrower, upon the terms and conditions herein and in the Indenture specified, the net proceeds received by the Issuer from the sale of the Bonds (the "Loan"), and to cause such proceeds to be deposited in accordance with the Indenture.

Appears in 2 contracts

Samples: Loan Agreement (Bremen Bearings Inc), Loan Agreement (Bremen Bearings Inc)

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