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Common use of Loan Purpose Clause in Contracts

Loan Purpose. The loan shall be used for daily business operating activities and payment of the building projects under construction.

Appears in 12 contracts

Sources: Loan Agreement (BTHC XV, Inc.), Loan Agreement (BTHC XV, Inc.), Loan Agreement (BTHC XV, Inc.)

Related Clauses

  • Continuance of Agreement for Certain Purposes
  • GENERAL PURPOSE
  • Loan Proceeds
  • Use of Loan Proceeds
  • Disbursement of Loan Proceeds

Parent Clauses

  • WARRANTIES AND REPRESENTATIONS
  • AFFIRMATIVE COVENANTS
  • Loan Terms
  • Covenants
  • Miscellaneous

Sub-Clauses

  • Purpose
  • Interest computation
  • Payment of Interest
  • Penalty Interest
  • Certificate of Good Standing
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