Application of Advances. Borrower shall disburse all Advances for payment of costs and expenses specified in the Approved Budget, and for no other purpose.
Application of Advances. The Borrower shall apply the proceeds of Advances as provided in Section 4.2(i) above, with only such modifications as may be mutually agreed upon.
Application of Advances. The Parent shall each ensure that the proceeds of each Advance made under this Agreement are applied exclusively for the applicable purposes specified in Clause 2.4 (Purpose).
Application of Advances. Advances of the Revolving Credit (including Swing Line Advances) shall be available, subject to the terms hereof, to fund working capital needs, Permitted Acquisitions, or other general corporate purposes of the Borrowers.
Application of Advances. That the Borrower agrees to apply the proceeds of the Advances under any Partially Unadvanced Note or any New FFB Note to pay the costs, or reimburse the costs paid, by or on behalf of the Borrower to make the improvements to the System that have been approved by the RUS;
Application of Advances. Notwithstanding anything contained in this Agreement that may be or appear to the contrary:
Application of Advances. The proceeds of any Revolving Credit Advance made hereunder shall first be applied in repayment of any Swing-Line Advance (together with any accrued interest thereon), and the Facility Agent shall pay such portion of any Revolving Credit Advance to be made hereunder to the Swing-Line Banks as the Swing-Line Agent instructs the Facility Agent is necessary to repay each outstanding Swing-Line Advance (together with any accrued interest thereon).
Application of Advances. Borrower shall receive the Advances made hereunder in trust, strictly for the purpose of paying the costs identified in the request for such Advance.
Application of Advances. Advances of the Revolving Credit shall be available, subject to the terms hereof, to fund working capital needs, the TEMIC Acquisition or other general corporate purposes of the Company and the Permitted Borrowers.
Application of Advances. Lessee will apply each payment of Funded Amount against amounts due and payable for construction of the Approved Project or obligations in connection therewith as set forth in each Request. Nothing contained in this Agreement will impose upon Lessor any obligation to see to the proper application of the advances by Lessee or any other party.
