Common use of Application of the Loans Clause in Contracts

Application of the Loans. (A) No Borrower shall (and the Original Borrower shall ensure that no other member of the Group shall) permit or authorise any other person to, directly or indirectly, use, lend, make payments of, contribute or otherwise make available, all or any part of the proceeds of any Loan or other transaction(s) contemplated by this Agreement to fund or facilitate any trade, business or other activities:

Appears in 3 contracts

Samples: Agreement (Kosmos Energy Ltd.), Kosmos Energy Ltd., Credit Facility Agreement (Kosmos Energy Ltd.)

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Application of the Loans. (A) No Borrower Obligor shall (and the Original Borrower shall ensure that no other member of the Group shall) permit or authorise any other person to, directly or indirectly, use, lend, make payments of, contribute or otherwise make available, all or any part of the proceeds of any Loan or other transaction(s) contemplated by this Agreement to fund or facilitate any trade, business or other activities:

Appears in 1 contract

Samples: Assignment Agreement (Vaalco Energy Inc /De/)

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