Purpose of Advances. The Borrower has used each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 3 contracts
Samples: Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Product Shipping Ltd.)
Purpose of Advances. The Borrower has used undertakes with the Lender to use each Advance only for the purpose purposes stated in the preamble to this Agreement.
Appears in 2 contracts
Samples: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)
Purpose of Advances. The Each Borrower has used undertakes with the Lender to use each Advance only for the purpose stated in the preamble to this Agreement.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
