Common use of EASEMENTS AND PERMITS - EQUITY FUNDS Clause in Contracts

EASEMENTS AND PERMITS - EQUITY FUNDS. If the Borrower is required to obtain equity funds by the terms of the Loan Contract, as amended by this Agreement or any subsequent amendment, none of such funds shall be used by the Borrower to pay for easements obtained from land owners, or for releases of lien affecting easements.

Appears in 12 contracts

Samples: Agreement (DTC Communications Corp), Agreement (Dakota Cooperative Telecommunications Inc), Agreement (Dakota Cooperative Telecommunications Inc)

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EASEMENTS AND PERMITS - EQUITY FUNDS. If the Borrower is required to obtain equity funds by the terms of the Loan Contract, as amended by this Agreement or any subsequent amendment, none of such funds shall be used by the Borrower to pay for easements obtained from land ownerslandowners, or for releases of lien affecting easements.

Appears in 1 contract

Samples: Dakota Cooperative Telecommunications Inc

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