Common use of Purpose and Amount Clause in Contracts

Purpose and Amount. The Bank shall loan to the Borrower subject to the terms herein up to the sum of TWO MILLION AND 00/100 DOLLARS ($2,000,000.00) (the “Loan”) for the purpose of supporting working capital of the Borrower. Subject to all the terms and provisions hereof, the Bank hereby agrees to lend to ▇▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇▇ hereby agrees to borrow from the Bank, the full amount of the Loan, to be advanced as provided herein and repaid together with accrued interest thereon and with all costs and charges due and owing under this Agreement, all as hereinafter and in the Note more particularly set forth. The Loan shall be evidenced by the Note, and repayment of the Note and all other sums due the Bank under the terms hereof shall be secured by the Loan Documents set forth below.

Purpose and Amount. The Bank shall loan to the Borrower subject to the terms herein up to the sum of TWO FIVE MILLION ONE HUNDRED THOUSAND AND 00/100 DOLLARS ($2,000,000.005,100,000.00) (the “Loan”) for the purpose of supporting working capital refinancing existing debt of the Borrower. Subject to all the terms and provisions hereof, the Bank hereby agrees to lend to ▇▇▇▇▇▇▇▇Borrower, and ▇▇▇▇▇▇▇▇ Borrower hereby agrees to borrow from the Bank, the full amount of the Loan, to be advanced as provided herein and repaid together with accrued interest thereon and with all costs and charges due and owing under this Agreement, all as hereinafter and in the Note more particularly set forth. The Loan shall be evidenced by the Note, and repayment of the Note and all other sums due the Bank under the terms hereof shall be secured by the Loan Documents set forth below.