Common use of Use and Purposes Clause in Contracts

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan Proceeds, such Loan Proceeds to be subject to all of the terms, provisions and conditions of this Agreement. The Loan is a revolving line of credit and the outstanding principal balance of the Loan may, from time to time, increase or decrease and may be repaid and re-borrowed as provided in the Note, but shall never, at any one time, exceed the principal sum of $15,000,000.00. Borrower’s right to re-borrow expires the earlier of an Event of Default under any of the Loan Documents or January 1, 2021 (“Maturity Date”).

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan Proceeds, such Loan Proceeds to be subject to all of the terms, provisions and conditions of this Agreement. The Loan is a revolving line of credit and the outstanding principal balance of the Loan may, from time to time, increase or decrease and may be repaid and re-borrowed as provided in the Note, but shall never, at any one time, exceed the principal sum of $15,000,000.0025,000,000.00. Borrower’s right to re-borrow expires the earlier of an Event of Default under any of the Loan Documents or January 1, 2021 2019 (“Maturity Date”).

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan Proceeds, such Loan Proceeds to be subject to all of the terms, provisions and conditions of this Agreement. The Loan is a revolving line of credit and the outstanding principal balance of the Loan may, from time to time, increase or decrease and may be repaid and re-borrowed as provided in the Note, but shall never, at any one time, exceed the principal sum of $15,000,000.0025,000,000.00. Borrower’s right to re-borrow expires the earlier of an Event of Default under any of the Loan Documents or January 1, 2021 1,2020 (“Maturity Date”).

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan Proceeds, such Loan Proceeds to be subject to all of the terms, provisions and conditions of this Agreement. The Loan is a revolving line of credit and the outstanding principal balance of the Loan may, from time to time, increase or decrease and may be repaid and re-borrowed as provided in the Note, but shall never, at any one time, exceed the principal sum of $15,000,000.0025,000,000.00. Borrower’s right to re-borrow expires the earlier of an Event of Default under any of the Loan Documents or January August 1, 2021 2020 (“Maturity Date”).

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan Proceeds, such Loan Proceeds to be subject to all of the terms, provisions and conditions of this Agreement. The Loan is a revolving line of credit and the outstanding principal balance of the Loan may, from time to time, increase or decrease and may be repaid and re-borrowed as provided in the Note, but shall never, at any one time, exceed the principal sum of $15,000,000.0030,000,000.00. Borrower’s right to re-borrow expires the earlier of an Event of Default under any of the Loan Documents or January 1, 2021 2022 (“Maturity Date”).