Common use of Loan Purpose Clause in Contracts

Loan Purpose. The loan borrowed hereunder shall be used for buying toner cartridge assembly accessories and packaging materials 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.

Appears in 3 contracts

Samples: Working Capital Loan Contract (Planet Image International LTD), Working Capital Loan Contract (Planet Image International LTD), Working Capital Loan Contract (Planet Image International LTD)

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Loan Purpose. The loan borrowed hereunder shall be used for buying toner cartridge assembly accessories and packaging materials 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 ’s use of the loan.

Appears in 2 contracts

Samples: Working Capital Loan Contract (Planet Image International LTD), Working Capital Loan Contract (Planet Image International LTD)

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