Common use of Purpose of Loan Clause in Contracts

Purpose of Loan. The Borrower undertakes with the Lender to use each Advance only for the purpose stated in Clause 2.1.

Appears in 3 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

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Purpose of Loan. The Borrower undertakes with the Lender to use each Advance the Loan only for the purpose stated in the preamble to this Agreement and Clause 2.13.2.

Appears in 3 contracts

Samples: Loan Agreement (Star Cosmo Llc.), Agreement (Star Bulk Carriers Corp.), Agreement (Star Bulk Carriers Corp.)

Purpose of Loan. The Borrower undertakes with the Lender Borrowers undertake to use each Advance the Loan only for the purpose purposes stated in Clause 2.1the preamble to this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Purpose of Loan. The Borrower undertakes with the Lender to use each Advance the Loan only for the purpose purposes stated in Clause 2.1the recitals to this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Ultrapetrol Bahamas LTD), Loan Agreement (Oceanfreight Inc.)

Purpose of Loan. The Borrower undertakes with the Lender to use each Advance the Loan only for the purpose stated in Clause 2.1the Recital to this Agreement.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

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Purpose of Loan. The Borrower undertakes with the Lender to use each Advance the Loan only for the purpose stated in Clause 2.12,1 above.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Purpose of Loan. The Each Borrower undertakes with the Lender to use each Advance the Loan only for the purpose stated in Clause 2.1the preamble to this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Purpose of Loan. The Borrower undertakes with the Lender to use each Advance the Loan only for the purpose purposes stated in the recitals to this Agreement and in accordance with Clause 2.13.2(b).

Appears in 1 contract

Samples: Loan Agreement (Top Ships Inc.)

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