Common use of Loan Purpose Clause in Contracts

Loan Purpose. Borrowers will use the proceeds of each Advance hereunder exclusively as set forth in Section 1.1.

Appears in 5 contracts

Samples: Credit Facility Agreement (Bizness Online Com), Credit Facility Agreement (NBG Radio Network Inc), Credit Facility Agreement (MCG Finance Corp)

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Loan Purpose. Borrowers will use the proceeds of each Advance hereunder exclusively as set forth in Section 1.11.1.3.

Appears in 1 contract

Samples: Credit Agreement (Hearx LTD)

Loan Purpose. Borrowers will use the proceeds of each Advance hereunder exclusively as set forth in Section 1.1Sections 1.1.3 and 1.

Appears in 1 contract

Samples: Credit Facility Agreement (Talk Com)

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Loan Purpose. Borrowers Borrower will use the proceeds of each Advance hereunder under the Facility exclusively as set forth in Section 1.11.1.3 hereof.

Appears in 1 contract

Samples: Credit Facility Agreement (Startec Global Communications Corp)

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