Qualified Costs. The Borrower hereby represents, covenants and warrants that the proceeds of the Funding Loan shall be used or deemed used by Borrower exclusively to pay Qualified Project Costs.
Appears in 4 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement
Qualified Costs. The Borrower hereby represents, covenants and warrants that the proceeds of the portion of the Funding Loan evidenced by the Tax-Exempt Governmental Lender Note shall be used or deemed used by Borrower exclusively to pay Qualified Project Costs.
Appears in 4 contracts
Samples: Borrower Loan Agreement, Borrower Loan Agreement, Borrower Loan Agreement
Qualified Costs. The Borrower hereby represents, covenants and warrants that the proceeds of the Funding Loan shall be used or deemed used by Borrower exclusively to pay Qualified Project Costs.costs which
(i) are (A) capital expenditures (as defined in Section 1.150-1(a) of the Code’s regulations) and
Appears in 2 contracts
Qualified Costs. The Borrower hereby represents, covenants and warrants that the proceeds of the portion of the Funding Loan evidenced by the Tax Exempt Governmental Lender Note shall be used or deemed used by Borrower exclusively to pay Qualified Project Costs.
Appears in 1 contract
Samples: Borrower Loan Agreement
