Common use of Purpose of Credit Facility Clause in Contracts

Purpose of Credit Facility. Ensure each Advance of a Loan shall be used solely for the purposes set out in Section 2.5 and otherwise as set forth in the applicable Borrowing Notice.

Appears in 6 contracts

Samples: Senior Secured Gold Stream Credit Agreement (Royal Standard Minerals Inc), Senior Secured Gold Stream Credit Agreement (Royal Standard Minerals Inc), Senior Secured Gold Stream Credit Agreement (Royal Standard Minerals Inc)

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Purpose of Credit Facility. Ensure that each Advance of a Loan shall be used solely for the purposes set out in Section 2.5 and otherwise as set forth in the applicable Borrowing Notice.

Appears in 2 contracts

Samples: Loan Agreement (Gryphon Gold Corp), Loan Agreement (Gryphon Gold Corp)

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Purpose of Credit Facility. Ensure that each Advance of a Loan shall be used solely for the purposes set out in Section 2.5 herein and otherwise as set forth in the applicable Borrowing Notice.

Appears in 1 contract

Samples: Senior Secured Gold Stream Credit Agreement (Santa Fe Gold CORP)

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