Common use of Purpose of the Facility Clause in Contracts

Purpose of the Facility. The Borrower shall apply all amounts borrowed by it under the Facility in the following order of priority:

Appears in 2 contracts

Samples: Shares Purchase Agreement (MIE Holdings Corp), And Restatement Agreement (MIE Holdings Corp)

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Purpose of the Facility. (a) The Borrower Borrowers shall apply all amounts borrowed by it them under the Facility in the following order of priorityFacility:

Appears in 1 contract

Samples: Agreement (KNOT Offshore Partners LP)

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Purpose of the Facility. The Borrower shall apply all amounts borrowed by it under the Facility in the following order of prioritytowards:

Appears in 1 contract

Samples: Facility Agreement (Ivanhoe Energy Inc)

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