Purpose of the Loan Sample Clauses
Purpose of the Loan. The purpose of the Loan is to provide financing for the Borrower’s activities and investments.
Purpose of the Loan. The proceeds of this Loan will be used to finance eligible capital expenditures of the Project, including architectural or engineering costs incurred prior to construction. The Recipient expects to borrow at least 90% of the commitment amount of the Loan and to spend all of the Loan Proceeds on the Project.
Purpose of the Loan. Each Borrower undertakes with the Lender to use the Loan only for the purpose stated in the preamble to this Agreement.
Purpose of the Loan. The Loan shall be used for turnover of working capital only. Party B shall not change the purpose of the Loan without written consent from Party A.
Purpose of the Loan the Borrower shall only use the Loan hereunder to acquire 45% equity interest in the Company as registered capital. Without the prior written consent of the Lender, the Borrower shall not use such Loan for any other purpose, or pledge their equity interests in the New Company to any other third party.
Purpose of the Loan. 2.1 The Loan shall be used as capital for purchase of raw materials only.
2.2 Party A shall not change the purpose of the Loan without written consent from Party B.
Purpose of the Loan. The Borrower shall not use the Loan for any purpose other than paying share purchase price.
Purpose of the Loan. The loan under this Contract shall be used for the following purposes. Without the written consent of the lender, the borrower shall not use the loan for other purposes, and the lender shall have the right to supervise the use of the loan. Use of the loan: the company's daily operation and turnover
Purpose of the Loan. The Borrower agrees that the proceeds of the Loan shall be utilised towards capital expenditure for ongoing/new capacity addition program including takeover of projects, renewable energy projects, coal mining business, renovation & modernization program of various projects, refinancing of loans and general corporate purposes etc.