Common use of Use of Loan Clause in Contracts

Use of Loan. 3.1 The loan shall be applied to working capitals. The Debtor shall not alter the use of loans without Creditor’s written consent, otherwise or shall the Debtor violate laws and regulations regarding loan use, it shall bear the liabilities arising thereof.

Use of Loan. 3.1 The loan shall be applied to working capitals. The Debtor shall not alter the use of loans without Creditor’s written consent. Debtor shall not use the loan in the investments of fixed assets and equities, otherwise or shall use the Debtor violate laws and regulations regarding loan use, it shall bear in unauthorized manufacturing or business operations or embezzle the liabilities arising thereofloan proceeds.

Use of Loan. 3.1 The loan shall be applied to working toworking capitals. The Debtor shall not alter the use of loans without Creditor’s written consent, otherwise or shall the Debtor violate laws and regulations regarding loan use, it shall bear the liabilities arising thereof.