The Purpose of the Loan. 1. The purpose of this loan is used to purchase raw materials and equipment. 2. Without written approval of the Lender, the Borrower could not use the loan out of the scope of the purpose.
Appears in 4 contracts
Samples: Loan Agreement (S.E. Asia Trading Company, Inc.), Loan Agreement (S.E. Asia Trading Company, Inc.), Loan Agreement (S.E. Asia Trading Company, Inc.)
The Purpose of the Loan. 1. The purpose of this loan is used to purchase raw materials and equipmentfor working capital turnover.
2. Without written approval of the Lender, the Borrower could not use the loan out of the scope of the purpose.
Appears in 1 contract
Samples: Loan Agreement (Utstarcom Inc)
The Purpose of the Loan. 1. The purpose of this loan is used to purchase raw materials and equipmentreal estate.
2. Without written approval of the Lender, the Borrower could not use the loan out of the scope of the purpose.
Appears in 1 contract
