Common use of Loan Purpose and Other Standards Clause in Contracts

Loan Purpose and Other Standards. (a) The Loan has not been made in order to place under the protection of the approved SSBCI- CAP prior debt that is not covered under the approved SSBCI-CAP and that is or was owed by the Borrower to the Lender or to an affiliate of the Lender;

Loan Purpose and Other Standards. (a) The Loan has not been made in order to place under the protection of the approved SSBCI- CAP MLPP prior debt that is not covered under the approved SSBCI-CAP MLPP and that is or was owed by the Borrower to the Lender or to an affiliate of the Lender;