Common use of Loan Proceeds Clause in Contracts

Loan Proceeds. Use the proceeds of the Loans only for the purposes set forth in Section 3.11 and furnish the Lender with all evidence that it may reasonably require with respect to such use.

Appears in 3 contracts

Samples: Credit Agreement (American Leisure Holdings Inc), Credit Agreement (American Leisure Holdings Inc), Credit Agreement (American Leisure Holdings Inc)

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Loan Proceeds. Use the proceeds of the Loans only for the purposes set forth in Section 3.11 2.3 and furnish the Lender with all evidence that it may reasonably require with respect to such use.

Appears in 3 contracts

Samples: Credit Agreement (Elandia International Inc.), Credit Agreement (Elandia International Inc.), Credit Agreement (Forefront Holdings, Inc.)

Loan Proceeds. Use the proceeds of the Loans Loan only for the purposes set forth in Section 3.11 2.3 and furnish the Lender with all evidence that it may reasonably require with respect to such use.

Appears in 2 contracts

Samples: Credit Agreement (Elandia, Inc.), Credit Agreement (Elandia, Inc.)

Loan Proceeds. Use Borrower will use the proceeds of the Loans Loan only for the purposes set forth in Section 3.11 2.7 hereof and furnish the Lender with all evidence that it may reasonably require with respect to such use.

Appears in 2 contracts

Samples: Credit Agreement (American Leisure Holdings, Inc.), Credit Agreement (American Leisure Holdings, Inc.)

Loan Proceeds. Use the proceeds of the Loans only for the -------------- purposes set forth in Section 3.11 2.3 and furnish the Lender with all evidence that it may reasonably require with respect to such use.

Appears in 2 contracts

Samples: Credit Agreement (American Leisure Holdings, Inc.), Credit Agreement (American Leisure Holdings, Inc.)

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Loan Proceeds. Use the proceeds of the Loans Loan only for the purposes set forth provided in Section 3.11 2.2 and will furnish to the Lender with all such evidence that it as the Lender may reasonably require request with respect to such use.

Appears in 1 contract

Samples: Loan Agreement (Heritage Bankshares Inc /Va)

Loan Proceeds. Use the proceeds of the Loans only for the purposes set forth in Section 3.11 2.5 and furnish the Lender with all evidence that it may reasonably require with respect to such use.

Appears in 1 contract

Samples: Credit Agreement (Elandia International Inc.)

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