Common use of Loan Purpose Clause in Contracts

Loan Purpose. 5.1 The Loan shall be used exclusively for following specified purpose: [insert details of what the loan will be used for] 5.2 The Borrower shall not use the Loan for any other purpose without the prior written approval of the Lender.

Appears in 5 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement With Guarantee

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Loan Purpose. 5.1 The Loan shall be used exclusively for following specified purpose: [insert details of what the loan will be used for]: 5.2 The Borrower shall not use the Loan for any other purpose without the prior written approval of the Lender.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

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