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Usage of the Loan Sample Clauses

Usage of the LoanThe loan can only be used in the production and operation of the Company, such as purchasing raw material and equipment. It cannot be used in any other respects of the Company.
Usage of the Loan. The Loan shall be used for the purchase of heat preservation materials.
Usage of the LoanThe loan can only be used in assisting Mr Xxx xxxx to invest in the Chinese operating company(“Shenzhen Rongxin”) with Xx Xxxx. Xx Xxx will hold 51% of “Shenzhen Rongxin”. Xx Xxx shall not use the loan in other purpose without prior written agreement from CTL.
Usage of the Loan. 1. Party C will use the principal under this Contract for the repayment of the indebtedness due and payable to Beijing Wanhui Pharmaceutical Group ("WANHUI GROUP"), but Party B shall not take any responsibility for utilization of such loan by Party C. 2. Without the written consent by Party A, Party C shall not change the usage of the loan.
Usage of the LoanThe loan can only be used in assisting Shanghai Classic to do business with the Chinese operating company (“the company”) Shanghai Classic will hold 100% of the company. Shanghai Classic shall not use the loan in other purpose without prior written agreement from CTL.
Usage of the Loan. 2.1 The Loan under this Agreement is used for the acquisition of medical examination centers and other business related to medical and healthcare services, as well as the replenishment of part of the working capital. 2.2 The Borrower shall not use the loan for production or operation prohibited by the state, and shall not invest in fields like derivative securities, futures or financial derivatives venture capital in violation of state policies, laws and regulations and financial regulations. Without written consent of the Lender, the Borrower shall not change the usage of the loan.
Usage of the Loan. The Agreed Loan shall only be used for the purpose of the Main Business of the Group Companies. Party B, Party C and Party D hereby jointly provide the warranty that the Agreed Loan will be used in accordance of the aforementioned usage.
Usage of the LoanThe loan’s usage: In order to build the Reconstruction project of Special Cable Product Line with an annual output of 15,000 tons, which includes 2 product lines for the construction of various special cables with an annual output of 15,000 tons. The project will occupy an area of 65,000 square meters, the construction of plants, warehouses, transformer room, boiler room and other supporting facilities with a total GFA of 45,477 square meters, the addition of 20 new equipment sets(units) which mainly include: rubber machinery, blender machine, extrusion machine, high speed knitting machines and automatic stranding machines. Borrower shall not divert the loan for other usage under this contract. If the borrower diverts the loan, the borrower should pay the contractual penalty according to the contract.
Usage of the Loan. 2.1 The loan under the Agreement is intended for the following usage: the working capital (for purchasing raw coal used in production).
Usage of the Loan. The Loan shall be solely used for the development of new dwelling houses in urban village (Project Kirin Bay) and without Party B’s written consent, Party A shall not use the Loan for any other purposes.