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 45% 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. The Loan:
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 the Loan will not be used in any way, directly or indirectly, for any purpose which is unlawful under any applicable law nor for the making, instigation or conducting of a takeover of, or tender offer for, any person or any other action which, when completed, will have the effect of acquiring control of any such person, or for the purchase of shares in the Client, whether such transaction is effected by the Client, any subsidiary of it, or any entity or individual that controls or is under common control with it.
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:
