Purpose of Advances. Each Advance shall be used solely to finance the purchase by the Borrower from LEAF of Eligible Contracts that were originated by an Approved Originator and that are identified to the Lender in writing on each Contract Schedule, as such Contract Schedule may be amended from time to time in accordance with the Custodial Agreement.
Appears in 3 contracts
Samples: Secured Loan Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Secured Loan Agreement (Lease Equity Appreciation Fund II, L.P.), Secured Loan Agreement (Lease Equity Appreciation Fund I Lp)
Purpose of Advances. Each Advance shall be used solely to finance the purchase by the Borrower from LEAF FinPac of Eligible Contracts that were originated by an Approved Originator and that are identified to the Lender in writing on each Contract Schedule, as such Contract Schedule may be amended from time to time in accordance with the Custodial Agreement.
Appears in 1 contract
Samples: Warehouse and Security Agreement (Financial Pacific Co)
