Use of Loan Funds. Borrower shall use all loan proceeds disbursed to Borrower only for the purposes stated in this Agreement and the other Loan Documents.
Use of Loan Funds. Cause all Loan proceeds to be used for the purposes set forth in a loan closing statement approved by the Lender and use all excess Loan proceeds disbursed to the Borrower only for lawful business purposes permitted under the Borrower's organizational documents. No part of the proceeds of the Loan will be used for "purchasing" or "carrying" any "margin stock" within the respective meanings of each of the quoted terms under Regulation U of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect or for any purpose which violates the provisions of the Regulations of such Board of Governors. If requested by the Lender, the Borrower will furnish to the Lender a statement to the foregoing effect in conformity with the requirements of FR Form U-1 referred to in said Regulation U. No part of the proceeds of the Loan has been used in any manner that could result in a violation of Regulations G, T, V or X of the Board of Governors of the Federal Reserve System.
Use of Loan Funds. Borrower shall use the Loan for Rehabilitation costs, consistent with the Approved Rehabilitation Budget. Borrower may not use the Loan proceeds for any other purposes without the prior written consent of the County.
Use of Loan Funds. The Business shall expend funds received under the Loan only for the purposes and activities described in its CEBA Application and approved by the Department.
Use of Loan Funds. (a) The CDBG Loan may only be used for acquisition, closing costs, permits, fees, and construction costs, consistent with the Approved Development Budget.
Use of Loan Funds. Loan funds shall be used solely for actual costs incurred in the conception, development, production and distribution of entertainment and educational projects by Z3 Enterprises, Inc.
Use of Loan Funds. Borrower shall use all Loan proceeds initially disbursed to Borrower under any Note solely in payment of costs incurred in connection with acquiring the applicable SLF, in accordance with the applicable Loan Summary. Initially disbursements of Loan funds under any Note with regard to one SLF project shall not be utilized for any other project under this Master Loan Agreement; provided, however, that if the initial Loan Funds under any Note are paid down and subsequently re-borrowed under such Note, then such re-borrowed proceeds may be used for the acquisition of another SLF under this Master Loan Agreement.
Use of Loan Funds. The local gov- ernment shall use the loaned funds to carry on existing local government functions of a municipal operation character or to expand such functions to meet disaster-related needs. The funds shall not be used to finance cap- ital improvements nor the repair or restoration of damaged public facili- ties. Neither the loan nor any cancelled portion of the loans may be used as the nonFederal share of any Federal pro- gram, including those under the Act.
Use of Loan Funds. (a) Borrower shall use the HOME Loan for closing costs, permits, fees, and construction costs, consistent with the Approved Development Budget. Use of the HOME Loan for reimbursement of costs incurred prior to the date of this Agreement is subject to Section 92.206(d)(1) of the HOME Regulations.
Use of Loan Funds. The Borrower shall use all Loan proceeds disbursed to the Borrower solely in payment of costs incurred in connection with acquiring, constructing, and developing the Premises, in accordance with the Cost Breakdown and the Budget.
