MISUSE OF LOAN FUNDS. Anyone who wrongfully misapplies any proceeds of the loan will be civilly liable to SBA for one and one- half times the proceeds disbursed, in addition to other remedies allowed by law.
Appears in 31 contracts
Samples: Loan Agreement (American Picture House Corp), Loan Authorization and Agreement (American Picture House Corp), Loan Authorization and Agreement (La&A) (Notes Live, Inc.)
MISUSE OF LOAN FUNDS. Anyone who wrongfully misapplies any proceeds of the loan will be civilly liable to SBA for one and one- one half times the proceeds disbursed, in addition to other remedies allowed by law.
Appears in 4 contracts
Samples: Loan Authorization and Agreement, Loan Authorization and Agreement (Amphitrite Digital Inc), Loan Authorization and Agreement (Maison Solutions Inc.)
