Utilization of Xxxxxxxx’s Contribution. The Borrower assures the Lender that he has, prior to receiving the disbursement of the Loan on this day has already utilized/ paid off his own contribution, i.e. the cost of the Property less the Lender’s Loan. Necessary receipts, documents etc. towards own contribution have to be submitted to the Lender prior to disbursement.
Utilization of Xxxxxxxx’s Contribution. The Borrower has utilized his own contribution (i.e. the margin money) for a part of the finance for the business requirements, as represented in the application and considered by the Bank for the purpose of financial assistance.
