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.
Appears in 4 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)
Purpose of the Loan. The Borrowers undertake Each Borrower undertakes with each Creditor Party the Lender to use the Loan only for the purpose stated in the preamble to this Agreement.
Appears in 4 contracts
Samples: Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)
Purpose of the Loan. The Borrowers undertake Borrower undertakes with 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: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Purpose of the Loan. The Borrowers undertake with each Creditor Party Borrower represents and warrants to use Lender 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.)
