Purpose of the Credit. The Borrower shall use Accommodation obtained by it under the Credit as follows:
Purpose of the Credit. The exclusive purpose of the Credit shall be the financing or refinancing in whole or in part of (i) the acquisition price of a group of companies whose dominant activity is similar or complementary to that of the Client and all or some of whose holding company's share capital is listed, (ii) the indebtedness (including the preferred shares currently issued by the Client) of the Client or any of its subsidiaries, (iii) the expenses associated with such acquisition and (iv) any procedures related to buying out minorities.
Purpose of the Credit. 1. The Credit was provided for a construction of a factory for manufacture of airbags and for financing of the relevant equipment thereof.
Purpose of the Credit. We only agree to disburse credit to you on the condition that you will use it for a personal purpose which is not related to business, trade, or profession.
Purpose of the Credit. The PARTIES establish that the Amount of the Credit, object of this Agreement may only be used for the commercial activities of the GROUP (hereinafter, the "Activities"), which must always be lawful products or services. FIFTH. CREDIT BUREAU. - The GROUP, through the Application, authorizes CONTIGO with the purpose of obtaining from any CREDIT INFORMATION SOCIETY the information on their respective credit histories, with respect to the credit operations and others of analogous nature, that integrate them. Therefore, and since the GROUP has read and understood the nature and scope of the information contained in the database of the credit information society, any breach of the GROUP to the payment obligations established in the Agreement, will be registered by CONTIGO in said society, with observation keys established in the corresponding credit reports, which may affect the respective credit histories of the GROUP. Likewise in this same act the members of the GROUP grant their express consent so that their credit information may be provided by the Credit Information Companies or by CONTIGO or the FND and/or FIRA any institution or credit organization that has intervened in the financing, and that the latter in turn may provide it to any national or international public or private entity that has intervened in the financing or funding of the loan and/or granted any type of support, as well as to the competent authorities that may require it or to the Credit Information Companies themselves, as the case may be. CHAPTER II AMOUNT OF THE LOAN, DRAWDOWN OF THE LOAN AND PAYMENT OF THE LOAN SIXTH. DRAWDOWN OF THE AMOUNT OF THE CREDIT. The PARTIES determine that the Credit Amount may be drawn down in one or several drawdowns and for the first drawdown of the Credit Amount, the GROUP hereby instructs, authorizes and empowers CONTIGO, expressly and irrevocably, so that the amount of its first drawdown may be divided in proportional parts, as indicated in the table established for such purpose, the resulting amounts (hereinafter, in singular or plural, the "Proportional Amounts of the Credit"), to be delivered to each one of the members of the GROUP, by means of any of the following instruments of disposition of the economic resources (hereinafter, the "Instruments of Disposition"), which are recognized and used by any credit institution (hereinafter, the "Bank"): (i) automated payment dispersions; (ii) debit cards; and, (iii) any other instrument that is authorized ...
