Use of Credit Facility. Use the proceeds of the Credit Facility only for the purposes specified in Section 2.02 and not for any other purpose or for any other Person.
Use of Credit Facility. All amounts received by the Paying Agent under any Credit Facility shall be held in a segregated account, shall remain uninvested and shall be used solely to pay the Purchase Price or principal of, premium, if any, and interest on the Bonds for which the Credit Facility is available. Principal and Purchase Price of, premium, if any, and interest on Company Bonds, Pledged Bonds and Bonds not supported by a Credit Facility shall not be paid from amounts drawn on a Credit Facility.(24)
Use of Credit Facility. Borrower shall be entitled to Advances under the Credit Facility solely for the following purposes: (i) funding for any proper corporate purposes not prohibited by the rules and regulations of the United States Small Business Administration (the "SBA"), except that such disbursements may not be used for investments in securities, cash, cash equivalents or investment instruments, provided, however, that nothing herein shall prohibit the use of such funds for investing in "small business concerns", as defined in SBA regulations; (ii) funding payment obligations of Borrower with respect to reverse repurchase agreements with financial institutions; (iii) funding payments of dividends (to the extent permitted by this Agreement); (iv) funding loans by Borrower to third parties ("Third Party Loans"); (v) funding Borrower's repurchase of participation interests in Third Party Loans; (vi) funding payment obligations of Borrower to Limited Lenders (as defined in section 8.A. hereof); (vii) except as provided in the following clause (viii), funding Borrower's retirement of commercial paper outstanding pursuant to a facility made available to Borrower by any Bank; or (viii) after the occurrence and during the continuance of a Default or Event of Default, funding Borrower's retirement of commercial paper outstanding pursuant only to the commercial paper facility made available to Borrower by Bank (other than when acting as a Limited Lender) pursuant to section 5.A.
Use of Credit Facility. Party A shall use the credit facility in accordance with the requirements of using it which stipulated in Clause 2 of Article 1.
Use of Credit Facility. Use the proceeds of the Credit Facility only for the purposes specified in Section 2.02;
Use of Credit Facility. All amounts received by the Paying Agent under any Credit Facility shall be held in a fund separate and apart from all other amounts held by the Paying Agent, shall remain uninvested and used solely to pay the Purchase Price or principal of, premium, if any, and interest on the Bonds for which the Credit Facility is available. Principal and Purchase Price of, premium, if any, and interest on Company Bonds, Pledged Bonds and Bonds not supported by a Credit Facility shall not be paid from amounts drawn on a Credit Facility. Paragraph 308(c)(iii) further amended concurrently with the amendment and restatement hereof as follows:
Use of Credit Facility. The Borrower acknowledges that the Credit Facility is for use by the Obligors and will be used for the Obligors’ and their Subsidiaries’ lawful business purposes only, as permitted by Section 2.1(b). Exhibit 10.4 ‑ 89 ‑
Use of Credit Facility. 3.1 If the expiry date of the Facility Term (Drawdown Period) is not a Business Day, then the last Business Day preceding such date shall be treated as the expiry date. The Grantee may submit applications to Bank of Beijing during the Drawdown Period within the maximum facility amount and the specific facility amount. Upon approval of such applications, the Grantee shall within the Drawdown Period enter into the Specific Business Contract(s) and shall effectively utilize the relevant facility(ies) in accordance with such contract(s). Upon expiry of the Drawdown Period, the un-utilized facility will be cancelled automatically.
Use of Credit Facility. During the term of credit and within the credit facility under this Contract, Party B may draw down the credit facility once in a lump sum or at times. Where Party B notifies Party A of its demand of use of the credit facility, Party A and its PRC affiliates shall provide such fund within one month and enter into a fund use agreement with Party B, which constitutes integral part of this Contract with the same legal force. Such fund use agreement shall comply with applicable laws and regulations. For example, according to PRC laws, borrowings in large amount among enterprises shall be conducted by way of bank entrusted loans. Party B’s drawdown of the credit facility in aggregate (i.e., the outstanding principal amount in aggregate that Party B has withdrawn from the credit facility), shall not exceed the maximum amount of credit facility at any time during the term of credit. Within the term of credit, Party B may apply for re-use of the part of credit facility that has been repaid, and the balance of the credit facility available to Party B will be automatically cancelled upon expiration of the term of credit. Party B shall apply for withdrawal from the credit facility within the term of credit hereunder, and each sum of withdrawn amount shall commence to be used no later than the end date of the term of credit, or any such adjusted end date of the term of credit if such term of credit has been adjusted. The term of use of each sum of withdrawn amount shall be provided by relevant fund use agreement, provided that such term shall not exceed three (3) years.
Use of Credit Facility under this Agreement Party A shall use the credit facility under this Agreement with satisfaction of all the following conditions:
