General Information and Purpose Sample Clauses
The 'General Information and Purpose' clause defines the overall intent and context of the agreement, outlining the fundamental objectives and background for entering into the contract. Typically, this clause provides a summary of the parties involved, the nature of their relationship, and the main goals the contract seeks to achieve, such as facilitating a business transaction or establishing a partnership. By clearly stating the agreement's purpose, this clause ensures that all parties share a mutual understanding of the contract's scope and objectives, thereby reducing the risk of misunderstandings or disputes regarding its interpretation.
General Information and Purpose. The Basic Information attached as EXHIBIT "B" and all other exhibits, which are made a part of this Agreement and incorporated herein by reference, contain definitions of certain terms used herein, and also contain other terms, provisions, and conditions applicable to the Loan. The proceeds of the Loan shall be used by Borrower to pay the cost of the construction of the Improvements on the Land, and other costs regarding the Property if and to the extent that such costs are specifically provided for in the Loan Allocation column in the Budget. The Loan Documents, which must be in form, detail and substance satisfactory to Lender, evidence the agreements of Borrower and Lender with respect to the Loan. Borrower shall comply with all Loan Documents.
General Information and Purpose. 16 2.2 Commitment to Lend.................................................16 2.3
General Information and Purpose. The Basic Information attached as Exhibit "B" and all other exhibits, which are made a part of this Agreement and incorporated herein by reference, contain definitions of certain terms used herein, and also contain other terms, provisions, and conditions applicable to the Construction Loan. The proceeds of the Construction Loan are to be used by Borrower to pay the cost of the construction of the Improvements on the Land, and other costs regarding the Property if and to the extent that such costs are specifically provided for in the Budget. The Loan Documents, which must be in form, detail and substance satisfactory to Bank, evidence the agreements of Borrower and Bank with respect to the Construction Loan. Borrower shall comply with all Loan Documents.
General Information and Purpose. The Exhibits, which are made a part of this Agreement and incorporated herein by reference, contain terms, provisions, and conditions applicable to the Construction Loan. The proceeds of the Construction Loan shall be used by Borrower to pay the cost of the construction of the Improvements on the Land, and other costs regarding the Property if and to the extent that such costs are specifically provided for in the Loan Allocation column in the Budget, including repayment of an interim land loan by AHH Management, Inc. The Loan Documents, which must be in form, detail and substance satisfactory to Agent, evidence the agreements of Borrower, Guarantors and Lenders with respect to the Loans. Borrower and Guarantors shall comply with all Loan Documents to which they are party.
General Information and Purpose. The proceeds of the Construction Loan shall be used by Borrower only to pay the cost of the construction of the Tenant Improvements, and other costs regarding the Property if and to the extent that such costs are specifically provided for in the Budget. The Loan Documents, which must