Common use of Use of Proceeds of Company Subsidiary Loans Clause in Contracts

Use of Proceeds of Company Subsidiary Loans. Cause the proceeds of each Company Subsidiary Loan to be used solely for the applicable permitted purposes set forth in Section 2.1(b) hereof.

Appears in 2 contracts

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/), Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

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Use of Proceeds of Company Subsidiary Loans. Cause Use the proceeds of each the Company Subsidiary Loan to be used solely for the applicable permitted purposes set forth in Section 2.1(b) hereof.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

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Use of Proceeds of Company Subsidiary Loans. Cause Use the proceeds of each Company Subsidiary Loan to be used solely for the applicable permitted purposes set forth in Section 2.1(b) hereof.

Appears in 1 contract

Samples: Master Credit and Security Agreement (Franklin Credit Management Corp/De/)

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