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Common use of Use of Net Proceeds Clause in Contracts

Use of Net Proceeds. The net proceeds of the Development Notes shall be used solely for the purposes set forth in Section 2.08.

Appears in 2 contracts

Sources: Credit Agreement (Shepherd's Finance, LLC), Credit Agreement (Shepherd's Finance, LLC)

Related Clauses

  • Application of Net Proceeds
  • Use of Proceeds
  • Net Proceeds
  • Use of Loan Proceeds
  • Application of Net Liquidation Proceeds

Parent Clauses

  • REPRESENTATIONS AND WARRANTIES
  • AFFIRMATIVE COVENANTS
  • Covenants of the Company
  • Borrower’s Knowledge
  • Representations Warranties and Covenants Closing Conditions

Sub-Clauses

  • Condemnation of Other Property Owned by Charter School
  • Condemnation
  • Reserve Funds
  • Security for Debt
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