Loan Purposes. Loans may be guaranteed for the purposes listed in § 1980.411 of this subpart, ‘‘Loan Pur- poses,’’ except as follows:
Loan Purposes. Proceeds of the Term Loan shall be used for the purchase of equipment. Proceeds of the Revolving Loans shall be used for general working capital purposes and to refinance existing indebtedness of Borrower on the Closing Date.
Loan Purposes. Borrower shall use the proceeds of the initial Loan hereunder to pay and satisfy the Indebtedness of Borrower owed to Lender under the Existing Loan Agreement and Borrower shall use the proceeds of all subsequent Loans for legal and proper corporate purposes (duly authorized by Borrower's Board of Directors) which are consistent with all applicable laws and statutes.
Loan Purposes. Borrower shall use the proceeds of the Construction Loan to purchase of the Property and make the Improvements, which use shall be a legal and proper corporate purpose of Borrower (duly authorized by Borrower's Board of Directors) and consistent with all applicable laws and statutes.
Loan Purposes. See Paragraph 4 of Article 23 hereof, special clauses, for details.
Loan Purposes. Advances may be requested by Unit on behalf of the Borrowers for (i) refinancing in full any Existing Indebtedness and extinguishment of the commitments issued pursuant to the Existing Credit Agreement, (ii) general working capital requirements for (a) exploration, development, production and acquisition of Oil and Gas Properties, (b) contract drilling services, and (c) gas gathering systems, gas processing plants and other midstream assets, (iii) issuance of standby Letters of Credit, and (iv) general corporate purposes of the Borrowers.
Loan Purposes. Subject to the terms and conditions set forth herein, and in reliance upon the representations and warranties contained herein, on the date hereof, the Lender shall advance a term loan to the Borrower in the principal amount of Fifteen Million One Hundred Forty-Seven Thousand Six Hundred Canadian Dollars (CAD $15,147,600.00) (the “Loan”) in a single disbursement of immediately available funds to the Borrower by wire transfer pursuant to the Borrower’s instruction. The proceeds of the Loan shall be used by the Borrower to refinance the costs of purchasing the Canadian Vessels.
Loan Purposes. The purposes of the Loan hereunder are for the project construction of “Xxxxx Xxxx Mount’s Karst cave” tourist area. The Borrower shall not use the Loan for other purposes without the prior written consent of the Lender and the Lender reserves the right to supervise the use of such funds.
Loan Purposes. The Loan is not being made for the purpose of purchasing or carrying margin stocks, and Borrower agrees to execute, or cause to be executed, upon reasonable request from Lender, all instruments necessary to comply with all of the requirements of Regulation U of the Federal Reserve System. The Loan is an exempt transaction under the Truth-in-Lending Act.
Loan Purposes. Borrower's use(s) of the proceeds of the Loan is, and will continue to be, legal and proper and such use(s) will be consistent with the terms of the Loan Documents and all applicable laws and statutes. The Loan is not being made for the purpose of purchasing or carrying Margin Stock, and Borrower agrees to execute and cause to be executed all instruments necessary to comply with all of the requirements of Regulation U of the Federal Reserve System. If any of the Collateral is Margin Stock, Borrower shall provide to Lender a Form U-1 Purpose Statement confirming that none of the proceeds of the Loan will be used to buy or carry any Margin Stock. If any Borrower Party has any other loan made for the purpose of buying or carrying Margin Stock ("Purpose Loan"), then the Collateral shall not secure the Purpose Loan, and the collateral securing the Purpose Loan shall not secure the Loan. The Loan is an exempt transaction under the Truth-in-Lending Act.
