Common use of Use of Proceeds of Loan Clause in Contracts

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. Borrower Borrowers shall use the proceeds of the Loan (i) to finance repay and discharge any existing loans relating to the Property and Properties, (ii) to pay costs and expenses incurred in connection with the Closing of the Loan, as approved by Lender and (iiiii) with respect to the remainder, if any, as Borrower directsfor any other lawful purpose.

Use of Proceeds of Loan. Borrower shall use the proceeds of the Loan to (i) repay and discharge any existing secured loans relating to finance the Property and to Properties, (ii) pay any outstanding obligations of Borrower, (iii) pay costs and expenses incurred in connection with the Closing of the Loan, as approved by Lender and (iiiv) with respect make distributions and pay fees to the remainder, if any, as Borrower directsits partners or their affiliates.

Use of Proceeds of Loan. Borrower shall use the The proceeds of the Loan (i) shall be used by Borrower to finance fund the purchase of the Property and to pay costs and expenses incurred in connection with payoff all existing debt on the Closing of the Loan, as approved by Lender and (ii) with respect to the remainder, if any, as Borrower directsProperty.

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.