Common use of Number and Purpose of Advances Agreed Clause in Contracts

Number and Purpose of Advances Agreed. The Commitment shall be advanced to the Borrower in one (1) Advance and shall be used for the purpose set forth in Clause 1.1.

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

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Number and Purpose of Advances Agreed. The Commitment shall be advanced to the Borrower in one (1) Advance and shall be used for the purpose of set forth in Clause 1.1.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

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Number and Purpose of Advances Agreed. The Commitment shall be advanced to the Borrower Borrowers in one (1) Advance and shall be used for the purpose of set forth in Clause 1.1.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

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