Common use of Borrower’s Covenants Clause in Contracts

Borrower’s Covenants. a. The Borrower/s agree and undertake to utilize the entire amount of the Loan, only for the End Use and shall not use the Loan amount for any speculative or illegal purposes.

Borrower’s Covenants. a. 1. 1. The Borrower/s agree and undertake to utilize the entire amount of the Loan, only for the End Use and shall not use the Loan amount for any speculative or illegal purposes.