Common use of Pending Application Clause in Contracts

Pending Application. Without prejudice to Clause 3.1 (Purpose), pending application of the proceeds of any Loan towards financing or refinancing the Agreed Purpose, the Borrower must deposit such proceeds in the Account.

Appears in 2 contracts

Sources: Single Currency Interim Revenue Support Facility Agreement, Single Currency Interim Capital Support Facility Agreement

Pending Application. Without prejudice to Clause 3.1 (Purpose), pending application of the proceeds of any Loan towards financing or refinancing the Agreed Purpose, the Borrower must may deposit such proceeds in the Account.

Appears in 1 contract

Sources: Single Currency Interim Revolving Working Capital Support Facility Agreement