Use of Proceeds of Loan. The entire proceeds of the Loan shall be used solely for acquiring shares of Common Stock, and for no other purpose whatsoever.
Use of Proceeds of Loan. Borrower shall use the proceeds of the Loan (i) to finance the Property and to pay costs and expenses incurred in connection with the Closing of the Loan, as approved by Lender and (ii) with respect to the remainder, if any, as Borrower directs.
Use of Proceeds of Loan. (1) The Borrower shall cause the proceeds of the Loan to be used for the purchase of eligible goods and services necessary for the implementation of the Project from suppliers, contractors or consultants {hereinafter collectively referred to as "the Suppliers") of the eligible source countries in accordance with the allocation described in Schedule 2 attached hereto.
Use of Proceeds of Loan. Trustor will use the Loan to assist in the ----------------------- acquisition of the Property.
Use of Proceeds of Loan. The proceeds of the Revolving Loan Tranche shall be used to fund equity contributions for development ventures of Borrower, for pre-development and development costs for the Land, such as xxxxxxx money deposits, and property improvements in connection with the Land and other working capital needs of Borrowers, including corporate and project general, administrative and operating costs, stock repurchase costs (not to exceed $1,000,000 in the aggregate during the term of the Loan), pursuit costs, entitlement costs, taxes, business endeavors associated with the development of commercial and residential real properties, and for land acquisitions in accordance with the terms of Section 2.17 of this Addendum.
Use of Proceeds of Loan. THE MONEY RECEIVED BY MAKER IN EXCHANGE FOR THIS NOTE IS BEING USED FOR A BUSINESS OR COMMERCIAL PURPOSE.
Use of Proceeds of Loan. The proceeds of the Loan shall be used to finance a portion of the acquisition cost of the Projects and to pay closing costs, expenses and fees in connection with the Loan and the acquisition of the Projects.
Use of Proceeds of Loan. Borrower shall use the proceeds of the Loan first to (i) repay and discharge any existing loans relating to the Properties, (ii) fund the Tax and Insurance Escrow Fund, the Capital Reserve Fund and the Required Repair Fund, and (iii) pay costs and expenses incurred in connection with the Closing of the Loan, as approved by Lender; and for general Borrower purposes.
Use of Proceeds of Loan. The proceeds of the Loan shall be used by Borrower as working capital for the Borrower’s business.
Use of Proceeds of Loan. Borrower shall use the proceeds of the Loan only for valid purposes directly relating to the Real Property and Xxxxxxxx’s business, which use shall be further limited to the purposes set forth in Section 1 of the Schedule.
