Common use of Loan Purpose Clause in Contracts

Loan Purpose. Loans under this Contract shall be used for the following purpose, and the Borrower shall not use it for other purpose without the written consent from the Lender. The Lender shall be entitled to supervise use of the loan. Loan purpose: Purchases

Appears in 2 contracts

Samples: Altair Nanotechnologies Inc, Altair Nanotechnologies Inc

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Loan Purpose. Loans under this Contract shall The loans hereunder may be used for the following purpose, and without the written consents of the Lender, the Borrower shall not use it them for any other purpose without the written consent from the Lenderpurposes. The Lender shall be entitled has the right to supervise the use of the loanfunds concerned. Loan purpose: Purchasespurchase of raw materials.

Appears in 2 contracts

Samples: Synthesis Energy Systems Inc, Synthesis Energy Systems Inc

Loan Purpose. Loans The purpose of the loan under this Contract shall be used for contract is as followed. Without written consent of the following purposeLender, and the Borrower shall may not use it borrow for other purpose without the written consent from the Lenderpurposes. The Lender shall be entitled have the right to supervise monitor use of loan funds. The purpose of the loan. Loan purpose: Purchasesloan under this contract is for procurement of raw materials.

Appears in 1 contract

Samples: Wowjoint Holdings LTD

Loan Purpose. Loans The purpose of the loan under this Contract shall be used contract is for procurement. Without written consent of the following purposeLender, and the Borrower shall may not use it borrow for other purpose without the written consent from the Lenderpurposes. The Lender shall be entitled have the right to supervise monitor use of the loan. Loan purpose: Purchasesloan funds.

Appears in 1 contract

Samples: Wowjoint Holdings LTD

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Loan Purpose. Loans under this the Contract shall be used for the following purpose; without the written consent of the Lender, and the Borrower shall not use it for other purpose without the written consent from the Lendermisuse any loans. The Lender shall be is entitled to supervise supervision of the use of the loanfunds. Loan purposePurpose: PurchasesVAT Payment

Appears in 1 contract

Samples: Photronics Inc

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