Application of Loan Proceeds. To use the proceeds of the Loan solely for the purpose of paying for the cost of construction of the Improvements and such incidental costs relative to such construction as may be approved from time to time in writing by Lender, and in no event to use any of the Loan proceeds for personal, family, or household purposes.
Appears in 2 contracts
Samples: Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp), Construction and Land Acquisition Loan Agreement (Across America Real Estate Development Corp)
Application of Loan Proceeds. To Borrower shall use the proceeds of the Loan solely for the purpose of paying for the cost of construction of the Improvements Project Costs and such incidental costs relative to such the construction of the Project as may be approved from time to time in writing by Lender, and in no event to may use any of the Loan proceeds for personal, family, personal or household other purposes.
Appears in 2 contracts
Samples: Loan and Security Agreement (Millennium Ethanol, LLC), Construction Loan Agreement (Bluegreen Corp)
Application of Loan Proceeds. To Borrower shall use the proceeds of the Loan solely for the purpose of paying for the cost of construction of the Improvements Project Costs and such incidental costs relative to such the construction of the Project as may be approved from time to time in writing by Lender, and in no event to may Borrower use any of the Loan proceeds for personal, family, personal or household other purposes.
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