Common use of End Use Clause in Contracts

End Use. The Borrower(s) shall utilize the Facility exclusively towards the end use / purpose for which the Facility is being availed, which shall be as specified in the Sanction Letter. Notwithstanding the aforesaid, the Facility shall not be used by the Borrower(s) for speculative trading or trading on any of the stock exchanges or for any purpose inconsistent with the end use. The Borrower(s) acknowledge and confirm that the Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.

End Use. The Borrower(s) shall utilize the Facility exclusively towards the end use / purpose for which the Facility is being availed, which shall be as specified specified in the Sanction Letter. Notwithstanding the aforesaid, the Facility shall not be used by the Borrower(s) for speculative trading or trading on any of the stock exchanges or for any purpose inconsistent with the end use. .The Borrower(s) acknowledge and confirm confirm that the Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.