Loan of Proceeds. The Issuer hereby loans the proceeds from the sale of the Bonds pursuant to this Loan Agreement to the Company, and the Company hereby borrows the same from the Issuer as evidenced by this Loan Agreement and the issuance and delivery of the Notes to the Issuer. The Company covenants to use such proceeds to pay the Costs of the Project.
Appears in 2 contracts
Samples: Loan and Guaranty Agreement (Enviva Inc.), Loan and Guaranty Agreement (Enviva Inc.)
Loan of Proceeds. The Issuer hereby loans the proceeds from the sale of the Bonds pursuant to this Loan Agreement to the Company, and the Company hereby borrows the same from the Issuer as evidenced by this Loan Agreement and the issuance and delivery of the Notes Note to the Issuer. The Company covenants to use such proceeds to pay the Costs Cost of the Project.
Appears in 2 contracts
Samples: Loan Agreement (Leiner Health Products Inc), Loan Agreement (Leslie Building Products Inc)
Loan of Proceeds. The Issuer hereby loans the proceeds from the sale of the Series 2022 Bonds pursuant to this Loan Agreement to the Company, and the Company hereby borrows the same from the Issuer as evidenced by this Loan Agreement and the issuance and delivery of the Notes Series 2022 Note to the Issuer. The Company covenants to use such proceeds to pay the Costs of the Project.
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