Common use of Use of Prepayment Amount Clause in Contracts

Use of Prepayment Amount. The Seller shall use, and Banro shall cause to be used, the Prepayment Amount only to pay interest due under the Note Indenture and certain outstanding dividends as of the last payment date on or prior to the date of receipt by the Seller of the Prepayment Amount on preferred shares in the capital of Banro Group (Barbados) Limited and the Series A preferred shares in the capital of Banro, to repay accounts payable and thereafter, for general corporate purposes.

Use of Prepayment Amount. The Seller shall use, and Banro shall cause to be used, the Prepayment Amount only to pay interest due under the Note Indenture and certain outstanding dividends as of the last payment date on or prior to the date of receipt by the Seller of the Prepayment Amount on preferred shares in the capital of Banro Group (Barbados) Limited and the Series A preferred shares in the capital of Banro, to repay accounts payable and thereafter, for general corporate purposes.