Common use of Purpose of the Advance Clause in Contracts

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

Appears in 3 contracts

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

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

Appears in 1 contract

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

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