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

Sources: Credit Facility Agreement (Talk Com), Credit Facility Agreement (NBG Radio Network Inc), Credit Facility Agreement (MCG Finance Corp)

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

Sources: 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

Sources: Credit Facility Agreement (Talk Com)

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

Sources: Credit Facility Agreement (Startec Global Communications Corp)