Common use of The Borrower’s Undertakings Clause in Contracts

The Borrower’s Undertakings. 7.1 To drawdown and use the Loan in accordance to the terms and tenure of this Contract, the Loan shall not be used for the purpose of securities market, futures market or for any other purpose that is prohibited or restricted by relevant laws and regulations.

Appears in 4 contracts

Samples: CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD

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The Borrower’s Undertakings. 7.1 8.1 To drawdown and use the Loan in accordance to the terms and tenure of this Contract, the Loan shall not be used for the purpose of fixed assets, equity, etc. investments, and shall not be used in any way in the securities market, futures market or for any other purpose that is prohibited or restricted by relevant laws and regulations.

Appears in 3 contracts

Samples: CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD

The Borrower’s Undertakings. 7.1 8.1 To drawdown and use the Loan in accordance to the terms and tenure of this Contract, the Loan shall not be used for the purpose of securities market, futures market or for any other purpose that is prohibited or restricted by relevant laws and regulations.

Appears in 2 contracts

Samples: CHINA METRO-RURAL HOLDINGS LTD, CHINA METRO-RURAL HOLDINGS LTD

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The Borrower’s Undertakings. 7.1 8.1 To drawdown and use the Loan in accordance to the terms and tenure of this Contract, the Loan shall not be used for the purpose of fixed assets, equity, etc investments, and shall not be used in any way in the securities market, futures market or for any other purpose that is prohibited or restricted by relevant laws and regulations.

Appears in 1 contract

Samples: CHINA METRO-RURAL HOLDINGS LTD

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