Common use of Application of Disbursements Clause in Contracts

Application of Disbursements. All Loan proceeds disbursed to Borrower pursuant to this Loan Agreement Supplement will be used only for payment of those items specified in the Draw Request Certification for which the particular disbursement was made. Borrower will not use all or any portion of such disbursement to pay or reimburse itself, directly or indirectly, for any amounts paid by Borrower or any other Person but not included in the Budget.

Application of Disbursements. All Loan proceeds disbursed to Borrower as Qualified Project Expenditures pursuant to this Loan Agreement Supplement and the Loan Agreement Supplements will be used only for payment of those items specified in the Draw Request Certification for which the particular disbursement was made. Borrower will not use all or any portion of such disbursement to pay or reimburse itself, directly or indirectly, for any amounts paid by Borrower or any other Person but not included in the applicable Budget.