Charged Assets. 3.9.1 Unless the Lender shall otherwise agree in writing, the Borrower shall use the Loan solely for the purpose of general working capital. The Lender shall not be under any obligation to concern itself with the application of the Loan. 3.9.2 The Charged Assets charged to the Lender pursuant to the Security Documents shall form security for the monies borrowed by the Borrower.
Appears in 3 contracts
Sources: Loan Agreement (BioLineRx Ltd.), Loan Agreement (ReWalk Robotics Ltd.), Loan Agreement (ReWalk Robotics Ltd.)
Charged Assets. 3.9.1 3.7.1 Unless the Lender shall otherwise agree in writing, the Borrower shall use the Loan solely for the purpose of general working capitalcapital and for supporting of the financial needs of Guarantor 1 and Guarantor 2. The Lender shall not be under any obligation to concern itself with the application of the Loan.
3.9.2 3.7.2 The Charged Assets charged to the Lender pursuant to the Security Documents shall form security for the monies borrowed by the Borrower.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (Albireo Pharma, Inc.)
Charged Assets. 3.9.1 3.7.1 Unless the Lender shall otherwise agree in writing, the Borrower shall use the Loan solely for the purpose of general working capital. The Lender shall not be under any obligation to concern itself capital in accordance with the application of the LoanClause 3.7.
3.9.2 The Charged Assets charged to the Lender pursuant to the Security Documents shall form security for the monies borrowed by the Borrower.
Appears in 1 contract