Evidence for utilization of disbursement. Such disbursement shall, at the time of request thereof, be needed immediately by the Borrower for the purpose of purchase or construction of the property, as the case may be, and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by AHFL.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Evidence for utilization of disbursement. Such disbursement shall, shall at the time of request thereof, therefore be needed immediately by the Borrower for the purpose Purpose of purchase or construction Construction of the property, Property as the case may be, be and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by AHFLIHFL.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement
Evidence for utilization of disbursement. Such disbursement shall, Disbursement shall at the time of request thereoftherefore, be needed immediately by the Borrower for the purpose of purchase or construction or extension or improvement of the propertyProperty or any other asset as specified in the End Use of Funds letter, as the case may be, and the Borrower shall produce such evidence of the proposed utilization of the proceeds of the disbursement as is found satisfactory by AHFLthe Lender.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement