Common use of Amount of Credit Clause in Contracts

Amount of Credit. 1.1 We agree to lend you the amount of credit in accordance with this contract. It will be paid in accordance with the loan agreement. 1.2 The amount of credit can only be used for the purpose stated in the loan agreement and to pay other fees, charges and amounts described in the loan agreement. 1.3 If you don’t accept the offer set out in the loan agreement by signing and returning the loan agreement to us within 90 days after the disclosure date, the offer is automatically withdrawn and we will have no obligation to lend you the amount of credit. 1.4 If you don’t draw down any part of the amount of credit within 90 days of the disclosure date this