Common use of Refinancing of Loan Clause in Contracts

Refinancing of Loan. If at any time it appears to the Government that Xxxxxxxx is able to obtain a loan upon reasonable terms and conditions to refinance the loan obligations then outstanding, upon request from the Government, Borrower will apply for, take all necessary actions to obtain, and accept such refinancing loan and will use the proceeds for said purpose.

Appears in 4 contracts

Samples: omb.report, Loan Agreement, Loan Agreement

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Refinancing of Loan. If at any time it appears to the Government that Xxxxxxxx Borrower is able to obtain a loan upon reasonable terms and conditions to refinance the loan obligations then outstanding, upon request from the Government, Borrower will apply for, take all necessary actions to obtain, and accept such refinancing loan and will use the proceeds for said purpose.

Appears in 1 contract

Samples: Loan Agreement

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