Intended Use of the Loan Sample Clauses

Intended Use of the Loan. Article 1: The entrusted loans under this contract will only be used by the borrower for , but the trustee will bear no responsibility for the borrower’s use of this loan.
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Intended Use of the Loan. 2.1 The Loan is dedicated for the gold purchasing and storage of Kingold Jewelry. Without the written consent from Party A, Party B should not change the intended use of the Loan.
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Intended Use of the Loan. The intended use of the loan under the Agreement is to purchase standard gold raw material with the density of 999.9 from Shanghai Gold Exchange, that whose intended use shall not be changed by the Borrower, shall not use the trust loan used to fixed assets or shares investment and any other industrial like real estate or national policy restrictive industry, shall not use the loan to stock, futures or financial derivative instrument investment, shall not use the loan to do any conducts that against the laws, national policies or the financial inspection regulations.
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Intended Use of the Loan. 3.1 The Borrower shall apply the every loan fund to the construction of Jiangxi Zhangshu Yida Tourism Project (hereinafter referred to as “Project”).
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Intended Use of the Loan. The intended use of the loan hereunder is to purchase standard gold raw material with the density of 999.9. The Borrower shall not change the intended use of the loan without authorization and shall not use the trust loan for the purpose of fixed assets, equity investment and any other purposes which violate laws and regulations, national policies and financial requirements.
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Intended Use of the Loan. The Borrower may use the Loan solely to meet the requirements connected with the Borrower’s general cash requirements, including the payment of costs connected with the Loan.
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Intended Use of the Loan. Each Utilization of the Revolving Credit Facility may be used by the Beneficiary solely to satisfy the requirements connected with the Beneficiary’s general cash requirements, including the payment of costs connected with the Loan.
Sample 1
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Related to Intended Use of the Loan

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Terms of the Loan 2.1 The Lender will lend to the Company, and the Company will borrow from the Lender by way of one advance to be evidenced by a promissory note in the form attached hereto as Schedule “A”, the Principal sum of fifty thousand dollars (USD) subject to the terms and conditions of this Agreement and the Securities.

  • Term of the Loan All principal, interest and other sums due under the Loan Documents shall be due and payable in full on the Maturity Date.

  • Use of Loan Proceeds The Borrower shall use the credit extended under this Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4 hereof.

  • Use of Loan 3.1 The borrower shall use the long-term loan for purchasing 26.75% of shares of ICP Company and any other application of this long-term loan shall obtain earlier written consent from Sina Company.

  • CONDITIONS OF EACH EXTENSION OF CREDIT The obligation of Bank to make each extension of credit requested by Borrower hereunder shall be subject to the fulfillment to Bank's satisfaction of each of the following conditions:

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • Disbursement of the Loan Disbursements will be made by and at the discretion of SBA Counsel, in accordance with this Loan Authorization and Agreement and the general requirements of SBA. · Disbursements may be made in increments as needed. · Other conditions may be imposed by SBA pursuant to general requirements of SBA. · Disbursement may be withheld if, in SBA's sole discretion, there has been an adverse change in Borrower's financial condition or in any other material fact represented in the Loan application, or if Borrower fails to meet any of the terms or conditions of this Loan Authorization and Agreement. · NO DISBURSEMENT WILL BE MADE LATER THAN 6 MONTHS FROM THE DATE OF THIS LOAN AUTHORIZATION AND AGREEMENT UNLESS SBA, IN ITS SOLE DISCRETION, EXTENDS THIS DISBURSEMENT PERIOD. PARTIES AFFECTED · This Loan Authorization and Agreement will be binding upon Borrower and Borrower's successors and assigns and will inure to the benefit of SBA and its successors and assigns.

  • Extension of Agreement No renewal or extension of the Agreement, no release or surrender of any Collateral given as security in connection therewith, and no delay in enforcement thereof or in exercising any right or power with respect thereto or hereunder shall affect the rights of the MSO with respect to the Collateral or any part thereof.

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

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