Common use of Permitted Purposes Clause in Contracts

Permitted Purposes. (a) The Borrower has not used and it shall not use the proceeds of any Advance made hereunder, under the Amended and Restated Loan Agreement or under the Original Loan Agreement except for the following purposes:

Appears in 3 contracts

Samples: Loan and Security Agreement (GWG Holdings, Inc.), Loan and Security Agreement (GWG Holdings, Inc.), Security Agreement (GWG Holdings, Inc.)

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Permitted Purposes. (a) The Borrower hereby agrees that it has not used and it shall not use the proceeds of any Advance made hereunder, under the Amended and Restated Loan Agreement hereunder or under the Original Loan Agreement except for the following purposes:

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Imperial Holdings, Inc.)

Permitted Purposes. (a) The Borrower has not used and it shall not use the proceeds of any Advance made hereunder, under the Amended and Restated Loan Agreement hereunder or under the Original Loan Agreement except for the following purposes:

Appears in 1 contract

Samples: Loan and Security Agreement (GWG Holdings, Inc.)

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Permitted Purposes. (a) The Borrower hereby agrees that it has not used and it shall not use the proceeds of any Advance made hereunder, under the Amended and Restated Original Loan Agreement or under the Original Amended and Restated Loan Agreement except for the following purposes:

Appears in 1 contract

Samples: Loan and Security Agreement (Emergent Capital, Inc.)

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