Use of Loan Proceeds definition

Use of Loan Proceeds. Use of the proceeds of each of the disbursements under the Loan solely for the purposes set forth in this Agreement.
Sample 1
Use of Loan Proceeds. Borrowings under the Loan shall be used to support the working capital needs of the Borrower.
Sample 1
Use of Loan Proceeds. Shall use the proceeds of the Loan only for the commercial purposes permitted herein or otherwise permitted by the Bank and furnish the bank all evidence that it may reasonably require with respect to such use.
Sample 1

Examples of Use of Loan Proceeds in a sentence

  • Reporting on Use of Loan Proceeds (i) Supporting Documentation (section 4).

  • Federal Reserve Regulations; Use of Loan Proceeds 13 Section 5.13.

  • Federal Reserve Regulations; Use of Loan Proceeds .....................................................................................

  • In particular, advances of the Loans shall be used as provided in Schedule A hereto under the heading "Use of Loan Proceeds".

  • Only responses to this RFP received by due date and time will be considered.

  • The Use of Loan Proceeds was used for the construction of Terminal 2.

  • Federal Reserve Regulations; Use of Loan Proceeds................

  • Reasonable Assurance Opinion over the Use of Loan Proceeds and Compliance with Financial Covenants.

  • Use of Loan Proceeds ------------------------------------------------- Neither the Borrower, any of its Subsidiaries nor any Credit Party is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.

  • Federal Reserve Regulations; Use of Loan Proceeds 44 SECTION 3.09.


More Definitions of Use of Loan Proceeds

Use of Loan Proceeds has the meaning assigned to it in Section 5.11 hereof.
Sample 1
Use of Loan Proceeds. To provide working capital needs of the Company for up to 12 months commencing on the date of the first distribution of Loan proceeds subject to the conditions precedent contained herein and the loan documentation.
Sample 1

Related to Use of Loan Proceeds

  • Loan Proceeds means all amounts advanced as part of the Loan, whether advanced directly to Borrower or otherwise.

  • Construction Loan Agreement means the Loan Agreement to be entered into by and between the Construction Lender and the Partnership, as amended.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Delayed Draw Term Loan Lender means a Lender with a Delayed Draw Term Loan Commitment or an outstanding Delayed Draw Term Loan.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Refinancing Proceeds means the proceeds of the refinancing of any indebtedness of the Company, less the amount of expenses incurred by or on behalf of the Company in connection with such refinancing.

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Note means a promissory note made by the Borrower in favor of a Term Loan Lender evidencing the portion of the Term Loans made by such Term Loan Lender, substantially in the form attached as Exhibit A-3, and any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Construction Loan means the loan to finance construction of the Apartment Housing, made to Owner by the Construction Lender.

  • Term Loan B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this Agreement.

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Delayed Draw Term Loan Commitment means the Lender’s obligation to make the Delayed Draw Term Loan to the Borrower pursuant to Section 2.01(a), as such amount may be adjusted from time to time in accordance with this Agreement.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Financing Proceeds means the net proceeds from any loan secured by all or any portion of the Partnership's real property (including any refinancing) that remain after the repayment of any indebtedness of the Partnership secured by all or a portion of such real property with such proceeds and all costs related to such loan.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Facility A means the term loan facility made available under this Agreement as described in paragraph (a) of Clause 2.1 (The Facilities).

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Borrower Loan Agreement means the Borrower Loan Agreement, of even date herewith, between the Governmental Lender and the Borrower, as supplemented, amended or replaced from time to time in accordance with its terms.

  • Discount Proceeds means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest Cdn.$.01) calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing or refinancing of borrowing by or on behalf of the Partnership or by or on behalf of any Property Partnership (whether or not secured), after deduction of all costs and expenses incurred by the Partnership or the Property Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership or Property Partnerships, or any interest or premium thereon.

  • Line of Credit Note shall have the meaning given the term in Section 2.1.a.