Common use of Use of Proceeds of Advances Clause in Contracts

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 and for no other purpose.

Appears in 3 contracts

Samples: Senior Secured Credit Agreement (Long Beach Financial Corp), Senior Secured Credit Agreement (Sunset Financial Resources Inc), Senior Secured Credit Agreement (Long Beach Financial Corp)

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Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 Section 3.5 and for no other purpose.

Appears in 3 contracts

Samples: Credit Agreement, Senior Secured Credit Agreement (Homebanc Corp), Senior Secured Credit Agreement (Homebanc Corp)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION Section 2.4 and for no other purpose.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (E Loan Inc)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 Section 3.4 and for no other purpose.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Fieldstone Investment Corp)

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Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 Section 2.5 and for no other purpose.

Appears in 1 contract

Samples: Senior Secured Credit Agreement (Homebanc Corp)

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