Loan Purpose Sample Clauses
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Loan Purpose of Mortgage Pool by Aggregate Aggregate Weighted Weighted Weighted Number Cut-off Cut-off Average Average Average of Date Date Gross Remaining Comb Mortgage Principal Principal Interest Term Original Loan Purpose Loans Balance ($) Balance Rate (%) (months) LTV ------------------------------------------------------------------------------------------------------------------------------- Refinance - Cashout 1,583 348,914,298 66.58 7.021 352 76.38 Purchase 617 153,042,094 29.20 7.030 352 85.27 Refinance - Rate Term 128 22,081,264 4.21 7.053 351 76.28 ------------------------------------------------------------------------------------------------------------------------------- Total: 2,328 524,037,656 100.00 7.025 352 78.97 -------------------------------------------------------------------------------------------------------------------------------
Loan Purpose. The loan borrowed hereunder shall be used for turnover of working capital. Without the written consent of the Lender, the Borrower may neither change the loan purpose nor use the loan for any other purposes. The Lender shall have the right to supervise the Borrower’s use of the loan.
Loan Purpose. The loan hereunder is used for the following purposes. Without the written consent of the Lender, the Borrower shall not misappropriate the loan for other purposes, and the Lender shall be entitled to supervise the use of the loan. Loan purpose: Production and operation
Loan Purpose. This Loan is for Commercial purposes.
Loan Purpose. The Borrower shall use all Loan proceeds exclusively for [PURPOSE FOR WHICH THE LOAN IS TO BE USED]. The Lender has no obligation to monitor or verify the Borrower’s use of any funds advanced under this Agreement.
Loan Purpose. Borrower shall use the proceeds of a Loan only for the purposes set forth in the Note evidencing such Loan, and will furnish Lender such evidence as it may reasonably require with respect to such use.
Loan Purpose. You must not use the loan funds for any purpose other than that set out in your Letter of Offer without ANZ’s prior written consent.
Loan Purpose. 5.1 The Loan shall be used exclusively for following specified purpose: [insert details of what the loan will be used for]
5.2 The Borrower shall not use the Loan for any other purpose without the prior written approval of the Lender.
Loan Purpose. Borrowers will use the proceeds of each Advance hereunder exclusively as set forth in Section 1.1.
Loan Purpose. The loan shall be used for daily business operating activities and payment of the building projects under construction.