Common use of Excluded Expenditures Clause in Contracts

Excluded Expenditures. The Borrower undertakes that the proceeds of the Loan shall not be used to finance Excluded Expenditures. If the Bank determines at any time that an amount of the Loan was used to make a payment for an Excluded Expenditure, the Borrower shall, promptly upon notice from the Bank, refund an amount equal to the amount of such payment to the Bank. Amounts refunded to the Bank upon such request shall be cancelled. Closing Date. The Closing Date is September 30, 2007.

Appears in 1 contract

Samples: Loan Agreement

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Excluded Expenditures. The Borrower undertakes that the proceeds of the Loan shall not be used to finance Excluded Expenditures. If the Bank determines at any time that an amount of the Loan was used to make a payment for an Excluded Expenditure, the Borrower shall, promptly upon notice from the Bank, refund an amount equal to the amount of such payment to the Bank. Amounts refunded to the Bank upon such request shall be cancelled. . F. Closing Date. The Closing Date is September 30December 31, 2007.2010. SCHEDULE 2 Amortization Schedule

Appears in 1 contract

Samples: Loan Agreement

Excluded Expenditures. The Borrower undertakes that the proceeds of the Loan shall not be used to finance Excluded Expenditures. If the Bank determines at any time that an amount of the Loan was used to make a payment for an Excluded Expenditure, the Borrower shall, promptly upon notice from the Bank, refund an amount equal to the amount of such payment to the Bank. Amounts refunded to the Bank upon such request shall be cancelled. . G. Closing Date. The Closing Date is September June 30, 20072008.

Appears in 1 contract

Samples: Loan Agreement

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Excluded Expenditures. The Borrower undertakes that the proceeds of the Loan shall not be used to finance Excluded Expenditures. If the Bank determines at any time that an amount of the Loan was used to make a payment for an Excluded Expenditure, the Borrower shall, promptly upon notice from the Bank, refund an amount equal to the amount of such payment to the Bank. Amounts refunded to the Bank upon such request shall be cancelled. . H. Closing Date. The Closing Date is September 30January 22, 2007.2012. Principal Payment Date Installment Share (Expressed as a Percentage)

Appears in 1 contract

Samples: Loan Agreement

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