Common use of Loan Disbursements Clause in Contracts

Loan Disbursements. Subject to the conditions set forth in Section 3.1, the proceeds of the Loan shall be disbursed in one (1) advance at closing. Such disbursement shall be held by Borrower in trust and applied by Borrower solely for the purposes for which the funds have been disbursed. Administrative Agent and Lenders have no obligation to monitor or determine Borrower's use or application of the disbursement.

Loan Disbursements. Subject to the conditions set forth in Section 3.1, the proceeds of the Loan shall be disbursed in one (1) advance at closing. Such disbursement on the Effective Date All disbursements shall be held by Borrower in trust and applied by Borrower solely for the purposes for which the funds have been disbursed. Administrative Agent and Lenders have no obligation to monitor or determine Borrower's ’s use or application of the disbursementdisbursements.

Loan Disbursements. Subject to the conditions set forth in Section 3.1, the proceeds of the Loan shall be disbursed in one (1) advance at closingaccordance with the terms and conditions of the Loan Documents. Such disbursement All disbursements shall be held by Borrower in trust and applied by Borrower solely for the purposes for which the funds have been disbursedpermitted by this Agreement. Administrative Agent and Lenders have no obligation to monitor or determine Borrower's ’s use or application of the disbursementdisbursements.

Loan Disbursements. Subject to the conditions set forth in Section Sections 3.1, 3.2 and 3.3, the proceeds of the Loan shall be disbursed in one (1) advance at closing. Such disbursement accordance with the terms and conditions of Exhibit C. All disbursements shall be held by Borrower in trust and applied by Borrower solely for the purposes for which the funds have been disbursed. Administrative Agent and Lenders have no obligation to monitor or determine Borrower's ’s use or application of the disbursementdisbursements.