Purpose of the Facility. The Borrowers shall utilise the Facility for the purpose of funding (i) capital expenditure of the Group, and (ii) general corporate and working capital requirements of the Group.
Purpose of the Facility. The Facility may only be used to pay for the Products. The Products must only be for your personal use and may not be used for your business, trade or profession.
Purpose of the Facility. The Borrower shall apply all amounts borrowed by it under the Facility in the following order of priority:
Purpose of the Facility. 1.1 You shall apply all amounts borrowed in accordance with the Asset Based Finance Agreement.
Purpose of the Facility. (a) The proceeds of each Advance shall be applied by the Borrower towards its general corporate purposes.
Purpose of the Facility. 2.1 The Facility is granted exclusively for general corporate purposes of the Borrower, as well as to pay any fee under Clause 26 below.
Purpose of the Facility. Utilisation of this Facility by the Borrower under this Agreement shall be used solely for the Approved Purposes and no other purpose except with the prior written approval of the Bank to do otherwise. The Bank shall not have any responsibility to ensure that it is so utilised.
Purpose of the Facility. Financial accommodation granted by the Lender to the Borrower under this Agreement shall be used solely for the Approved Purposes and the Borrower shall not use the same for any other purpose except with the prior written approval of the Lender to do otherwise. Neither the Lender nor the Administrative Agent shall have any responsibility to see to the application of the financial accommodation by the Borrower.
Purpose of the Facility. 4.1 Subject to the terms and conditions herein contained and in particular to those of Clause 3, the Facility will be made available to the Borrower for the purchase by the Borrower of Motor Vehicles which must be free from encumbrances.
Purpose of the Facility. The Parent and the Borrowers must only use the proceeds of a Funding Portion for:
