Examples of Approved Use in a sentence
Borrower shall suitably equip, or cause to be equipped, the Project for the Approved Use.
Such Collateral shall be known as the “Consumed Property.” Operator shall promptly replace the Consumed Property with other property of reasonably equivalent value as necessary or appropriate to maintain the operation of the Healthcare Facility for the Approved Use in compliance with applicable law and Program Obligations.
Operator shall cooperate in any legal and lawful manner necessary or required, to permit Lender or its successors and assigns, or its nominee to continue to operate and maintain the Healthcare Facility for the Approved Use in Operator’s name, place and stead.
The funds in the special revenue fund shall not be used for any loans or pledge of assets, unless the loan or pledge is for an Approved Use.
Operator shall not use any portion of the Project for any purpose except the Approved Use.