Purpose of the Loan. Each Borrower undertakes with the Lender to use the Loan only for the purpose stated in the preamble to this Agreement.
Appears in 4 contracts
Samples: Amending and Restating Agreement (DryShips Inc.), Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Purpose of the Loan. Each Borrower undertakes The Borrowers undertake with the Lender each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.
Appears in 4 contracts
Samples: Term Loan Facility Agreement (Navios Maritime Partners L.P.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Purpose of the Loan. Each The Borrower undertakes with the Lender each Creditor Party to use the Loan only for the purpose stated in the preamble to this AgreementAgreement and Clause 2.1.
Appears in 3 contracts
Samples: Amending and Restating Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Purpose of the Loan. Each The Borrower undertakes with the Lender 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 (DryShips Inc.)
Purpose of the Loan. Each The Borrower undertakes with the represents and warrants to Lender to use that the Loan has been used only for the purpose stated in the preamble to this Agreement.
Appears in 1 contract
Samples: Loan Agreement (DryShips Inc.)
