Common use of Purpose of Loan Clause in Contracts

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

Appears in 17 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)

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Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan each Advance only for the purpose stated in the preamble to this Agreement.

Appears in 11 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Purpose of Loan. The Borrower undertakes Borrowers undertake with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

Appears in 8 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Euroseas Ltd.)

Purpose of Loan. The Borrower undertakes with each Creditor Party the Lender to use the Loan only for the purpose stated in the preamble to this Agreement.

Appears in 7 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.), Agreement (NewLead Holdings Ltd.)

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.pay for:

Appears in 4 contracts

Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)

Purpose of Loan. (a) The Borrower undertakes with each Creditor Party to use the Loan each Advance only for the purpose stated in the preamble to this Agreement.

Appears in 4 contracts

Samples: Loan Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP), Loan Agreement

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan each Tranche only for the purpose stated in the preamble to this AgreementAgreement and Clause 2.1.

Appears in 3 contracts

Samples: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Purpose of Loan. The Each Borrower undertakes with each Creditor Party to use the Loan each Advance only for the purpose stated in the preamble to this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble Clause 1.1 to this Agreement.

Appears in 2 contracts

Samples: Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this AgreementAgreement and in accordance with the terms of Clause 4.2.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Purpose of Loan. The Each Borrower undertakes with each Creditor Party to use the Loan each Advance only for the purpose stated in the preamble to this AgreementAgreement and in accordance with the terms of Clause 4.2.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

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Purpose of Loan. The Each Borrower undertakes with each Creditor Party to use borrow the Loan only for the purpose stated in the preamble to this AgreementAgreement and in accordance with the terms of Clause 4.2 (Availability).

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan each Advance only for the purpose stated in the preamble to this AgreementAgreement and Clause 2.1.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Purpose of Loan. The Borrower undertakes Borrowers undertake with each Creditor Party to use the Loan each Advance only for the purpose stated in the preamble to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Purpose of Loan. The Borrower undertakes Borrowers undertake with each Creditor Party to use the Loan only for the purpose stated in the preamble Clause 1.1 to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Purpose of Loan. The Borrower undertakes with each Creditor Party to use the Loan only for the purpose purposes stated in the preamble Recital to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Purpose of Loan. The Borrower Each of the Borrowers (other than the Holding Company, which will on-lend to the Owners any part of the Loan it receives) undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

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