Loan Purpose Sample Clauses

Loan Purpose. The loan shall be used for daily business operating activities and payment of the building projects under construction.
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Loan Purpose. This Loan is for Commercial purposes.
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Loan Purpose. You must not use the loan funds for any purpose other than that set out in your Letter of Offer without ANZ’s prior written consent.
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Loan Purpose. The loan borrowed hereunder shall be used for turnover of working capital. Without the written consent of the Lender, the Borrower may neither change the loan purpose nor use the loan for any other purposes. The Lender shall have the right to supervise the Borrower’s use of the loan.
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Loan Purpose of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Comb Average Mortgage Principal Principal Interest Term Original FICO Loan Purpose Loans Balance ($) Balance Rate (%) (months) LTV Score ------------------------------------------------------------------------------------------------------------------------------------ Refinance - Cashout 352 91,208,883 55.34 6.553 356 82.09 613 Purchase 278 68,534,265 41.58 6.462 356 82.43 632 Refinance - Rate Term 25 5,069,886 3.08 6.767 356 82.56 632 ------------------------------------------------------------------------------------------------------------------------------------ Total: 655 164,813,034 100.00 6.522 356 82.25 621 ------------------------------------------------------------------------------------------------------------------------------------
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Loan Purpose. 5.1 The Loan shall be used exclusively for following specified purpose: [insert details of what the loan will be used for] 5.2 The Borrower shall not use the Loan for any other purpose without the prior written approval of the Lender.
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Loan Purpose. Borrowers will use the proceeds of each Advance hereunder exclusively as set forth in Section 1.1.
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Loan Purpose. Borrower shall use the proceeds of a Loan only for the purposes set forth in the Note evidencing such Loan, and will furnish Lender such evidence as it may reasonably require with respect to such use.
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Loan Purpose. The loans hereunder may be used for the following purpose, and without the written consents of the Lender, the Borrower shall not use them for any other purposes. The Lender has the right to supervise the use of the funds concerned. Loan purpose: purchase of raw materials.
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Loan Purpose of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average Weighted of Date Date Gross Remaining Combined Average Back Mortgage Principal Principal Interest Term Original FICO DTI Loan Purpose Loans Balance ($) Balance Rate(%) (months) LTV Score Ratio --------------------------------------------------------------------------------------------------------------------------------- Refinance - Cashout 1,153 229,607,161 52.23 7.141 355 81.39 613 42.48 Purchase 1,141 203,929,939 46.39 7.332 347 83.01 657 44.23 Refinance - Rate Term 35 6,047,497 1.38 7.205 355 79.87 617 41.60 --------------------------------------------------------------------------------------------------------------------------------- Total: 2,329 439,584,596 100.00 7.231 352 82.12 634 43.28 ---------------------------------------------------------------------------------------------------------------------------------
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