Common use of Obligation of Borrower Clause in Contracts

Obligation of Borrower. 6.1.1 Borrower shall use the loan in accordance with Purpose of Loan provided herein and may not divert the fund for any other purposes or use it for any illegal activities. 6.1.2 Borrower shall repay the principal in accordance with the time limit of this Contract.

Appears in 4 contracts

Samples: Loan Agreement (Agm Group Holdings, Inc.), Loan Agreement (Agm Group Holdings, Inc.), Loan Agreement (Agm Group Holdings, Inc.)

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