Common use of Permitted Purposes Clause in Contracts

Permitted Purposes. (a) The Borrower hereby agrees that it shall not use the proceeds of any Advance made hereunder except for the following purposes:

Appears in 3 contracts

Samples: Loan and Security Agreement (Emergent Capital, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.), Loan and Security Agreement (Imperial Holdings, Inc.)

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Permitted Purposes. (a) The Borrower hereby agrees that has not used and it shall not use the proceeds of any Advance made hereunder except for the following purposes:

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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Permitted Purposes. (a) The Borrower hereby agrees that it shall not use the proceeds of any Advance made hereunder except for the following purposes:

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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