Common use of Loan Usage Clause in Contracts

Loan Usage. 4.1 The full amount of the loan provided hereunder shall be used to increase the registered capital of the Company, and the Borrower shall in no event change the usage without the prior written consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (NeoStem, Inc.), Loan Agreement (NeoStem, Inc.)

AutoNDA by SimpleDocs

Loan Usage. 4.1 The full amount of the loan provided hereunder shall be used to increase the registered capital of the Company, and the Borrower Borrowers shall in no event change the usage without the prior written consent of the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Southern Sauce Company, Inc.), Loan Agreement (Forme Capital Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!