Common use of Loan of Proceeds Clause in Contracts

Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 hereof.

Appears in 7 contracts

Samples: Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Macquarie Infrastructure Corp)

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Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 3.3 hereof.

Appears in 3 contracts

Samples: Loan Agreement (Heico Corp), Loan Agreement (Exactech Inc), Loan Agreement (Tower Tech Inc)

Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds, and the Company hereby borrows the same from the Issuer as evidenced by this Agreement and the execution and delivery of the Note to the Issuer. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 Sections 3.2 and 3.4 hereof.

Appears in 2 contracts

Samples: Loan Agreement (Flanders Corp), Loan Agreement (Flanders Corp)

Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 3.02 hereof.

Appears in 1 contract

Samples: Loan Agreement (Agl Resources Inc)

Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds. The loan shall be made by depositing the accrued interest, if any, from the initial sale of the Bonds into the Bond Fund and the remainder of said proceeds in the Initial Fund in accordance with Section 4.5 of the Indenture. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 hereof3.2.

Appears in 1 contract

Samples: Loan Agreement (Sleepmaster LLC)

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Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the Indenture, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds. The loan shall be made by depositing the accrued interest, if any, from the initial sale of the Bonds into the Bond Fund and the remainder of said proceeds in the Project Fund in accordance with Section 4.5 of the Indenture. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 hereof3.2.

Appears in 1 contract

Samples: Loan Agreement (Open Plan Systems Inc)

Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the IndentureAgreement, to lend to the Company the proceeds received by the Issuer from the sale of the BondsNotes. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 3.3 hereof.

Appears in 1 contract

Samples: Loan Agreement (Plainwell Inc)

Loan of Proceeds. The Issuer agrees, upon the terms and conditions contained in this Agreement and the IndentureAgreement, to lend to the Company the proceeds received by the Issuer from the sale of the Bonds. Such proceeds shall be disbursed to or on behalf of the Company as provided in Section 3.03 3.2 hereof. The Company's obligation to repay the loan shall be evidenced by the Note.

Appears in 1 contract

Samples: Loan Agreement (Sleepmaster LLC)

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