Undertakings of the Borrower. 8.1 The Borrower undertakes to draw down and use the loan in accordance with the schedule and purpose as agreed hereunder. The Borrower shall not use the proceeds of the loan hereunder for investment in fixed assets or equity, or for investment in securities or futures market, or any other purpose prohibited or restricted by applicable laws and regulations.
Appears in 4 contracts
Samples: Newater Technology, Inc., Altair Nanotechnologies Inc, China Energy Recovery, Inc.
Undertakings of the Borrower. 8.1 7.1 The Borrower undertakes to draw down and use the loan in accordance with the schedule and purpose as agreed hereunder. The Borrower shall not use the proceeds of the loan hereunder for investment in fixed assets or equity, or for investment in securities or futures market, or any other purpose prohibited or restricted by applicable laws and regulations.
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Samples: Small Business Loan Agreement (Genetron Holdings LTD), Small Business Loan Agreement (Genetron Holdings LTD)
Undertakings of the Borrower. 8.1 7.1 The Borrower hereby undertakes to draw down and use the loan in accordance with the schedule and purpose as agreed hereunder. The Borrower loan borrowed shall not use the proceeds of the loan hereunder for investment in fixed assets or equity, or for investment in securities inflow into security market or futures marketmarket in any way, or any nor be used for other purpose prohibited or restricted by applicable laws and regulations.
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Undertakings of the Borrower. 8.1 The Borrower undertakes to draw down and use the loan in accordance with the schedule and purpose as agreed hereunder. The Borrower shall not use the proceeds of the loan hereunder for investment in fixed assets or equity, or for investment in securities or futures market, or any other purpose prohibited or restricted by applicable laws and regulations.
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Samples: Xerium Technologies Inc
