Proceeds of Loan. The proceeds of the Loan have not been and shall not be used to satisfy, in whole or in part, any debt owed or owing by the Mortgagor to Seller, except in connection with a refinanced Loan.
Proceeds of Loan. Permit the proceeds of the Advances to be used for any purpose other than those permitted under this Agreement.
Proceeds of Loan. Permit the proceeds of the Loan to be used for any purpose other than those permitted under this Agreement.
Proceeds of Loan. No part of the proceeds of the Loan will be used, directly or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as may be amended from time to time.
Proceeds of Loan. The proceeds of the Loans will be used solely by Borrower for the purposes set forth in Section 2.5.
Proceeds of Loan. Proceeds of the Loan shall be used only for the purposes of (i) Borrower's equity contribution to Isramco Energy; (ii) working capital and general corporate purposes; and (iii) refinancing of existing debt.
Proceeds of Loan. Proceeds of the Loan shall be used only for the purposes repayment of the outstanding loan to The Bank of Nova Scotia.
Proceeds of Loan. The Lender shall, upon the Company's satisfaction of the conditions specified in Article 4 of this Agreement, make the entire principal amount of the Loan available to the Company before 12:00 Noon (New York City time) on the Loan Date in Dollars in immediately available funds at the bank (and for credit to the account of the Company at such bank designated by the Company) specified by the Company in the Notice of Borrowing.
Proceeds of Loan. Administrative Agent is authorized to deposit the proceeds of the Loan requested hereby to: .
Proceeds of Loan. None of the proceeds of the Loan shall be used, directly or indirectly, for any purpose other than for the payment of the costs of production and delivery of the Picture in accordance with the Budget as expressly provided herein and to pay Lender’s costs and expenses specified in paragraphs 7.5 and 7.7 hereof.
