Common use of Purpose of the Loan Clause in Contracts

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.

Appears in 5 contracts

Samples: Master Netting Agreement, Master Netting Agreement, Master Netting Agreement

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