Common use of Use of Loan Clause in Contracts

Use of Loan. The Borrower hereby agrees and warrants that it will use the Loan only for the purpose of paying the consideration payable by it of the stock option of 10% equity of Sogou Information. Without the prior written consent of the Lender, the Borrower shall not use the said Loan for any other purpose, and not assign, pledge or mortgage its shareholding or other rights and interests it holds in Sogou Information to the Lender or to any party other than the third party designated by the Lender.

Use of Loan. The Borrower hereby agrees and warrants that it will use the Loan only for the purpose of paying the consideration payable by it of under the stock option of 10% equity of Sogou InformationShare Transfer Agreement. Without the prior written consent of the Lender, the Borrower shall not use the said Loan for any other purpose, and not assign, pledge or mortgage its shareholding or other rights and interests it holds in Sogou Information to the Lender or to any party other than the third party designated by the Lender.