Purpose of the Loan. The purpose of the Loan is to provide financing for the Borrower’s activities and investments.
Purpose of the Loan the Borrower shall only use the Loan hereunder to acquire 55% equity interest in the Company as registered capital. Without the prior written consent of the Lender, the Borrower shall not use such Loan for any other purpose, or pledge their equity interests in the New Company to any other third party.
Purpose of the Loan. The Borrowers undertake with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.
Purpose of the Loan. The Loan shall be used for turnover of working capital only. Party B shall not change the purpose of the Loan without written consent from Party A.
Purpose of the Loan. The Borrower shall not use the Loan for any purpose other than paying share purchase price.
Purpose of the Loan. Loan Purpose:
Purpose of the Loan. 2.1 The Loan shall be used as capital for purchase of raw materials only.
Purpose of the Loan. The proceeds of this Loan will be used to finance eligible capital expenditures of the Project, including architectural or engineering costs incurred prior to construction. The Recipient expects to borrow at least 90% of the commitment amount of the Loan and to spend all of the Loan Proceeds on the Project.
Purpose of the Loan. 3.1 The Borrower undertakes to the Lender that the Convertible Loan shall be utilised by Borrower solely for the following purposes:
