Purpose of the Loan. The purpose of the Loan is to provide financing for the Borrower’s activities and investments.
Appears in 8 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Purpose of the Loan. The purpose of the Loan is to enable the Borrower to (i) make investments research and development and (ii) cover legal, corporate and marketing costs associated with advancing new technology onto the word market. The Borrower undertakes to provide financing for the BorrowerLender without delay with an appropriate documentary confirmation of the target utilization of the Loan upon Lender’s activities and investmentsrequests.
Appears in 4 contracts
Samples: Loan Agreement (Innovative Wireless Technologies, Inc.), Loan Agreement (Innovative Wireless Technologies, Inc.), Loan Agreement (Innovative Wireless Technologies, Inc.)
Purpose of the Loan. The purpose Loan shall be used for purposes of funding working capital, capital expenditures, and other corporate purposes of the Loan is to provide financing for the Borrower’s activities Borrower and investmentsits Subsidiaries.
Appears in 3 contracts
Samples: Term Loan Agreement (Otter Tail Corp), Term Loan Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)
