{"component": "clause", "props": {"groups": [{"size": 12, "snippet": "Use the proceeds of each Advance solely for the purpose of financing or purchasing Pledged Mortgages, including the issuance of Mortgage-backed Securities based thereon.", "snippet_links": [{"key": "each-advance", "type": "clause", "offset": [20, 32]}, {"key": "purpose-of-financing", "type": "clause", "offset": [48, 68]}, {"key": "pledged-mortgages", "type": "definition", "offset": [83, 100]}, {"key": "the-issuance", "type": "clause", "offset": [112, 124]}], "samples": [{"hash": "ieNYSDsWr3w", "uri": "/contracts/ieNYSDsWr3w#use-of-proceeds-of-advances", "label": "Warehousing Credit and Security Agreement (BNC Mortgage Inc)", "score": 18.0, "published": true}, {"hash": "89QmArT3CRe", "uri": "/contracts/89QmArT3CRe#use-of-proceeds-of-advances", "label": "Warehousing Credit and Security Agreement (Mortgage Com Inc)", "score": 18.0, "published": true}, {"hash": "3HWkmIQ61lW", "uri": "/contracts/3HWkmIQ61lW#use-of-proceeds-of-advances", "label": "Warehousing Credit and Security Agreement (Mortgage Com Inc)", "score": 18.0, "published": true}], "hash": "077b3e51aa32d9a84b9d406a03a039e1", "id": 5}, {"size": 34, "snippet": "Advances of the Revolving Credit shall be used to finance working capital and other lawful corporate purposes.", "snippet_links": [{"key": "the-revolving-credit", "type": "definition", "offset": [12, 32]}, {"key": "working-capital", "type": "definition", "offset": [58, 73]}, {"key": "corporate-purposes", "type": "clause", "offset": [91, 109]}], "samples": [{"hash": "lQ9FCuWCgrt", "uri": "/contracts/lQ9FCuWCgrt#use-of-proceeds-of-advances", "label": "Credit Agreement (Warby Parker Inc.)", "score": 33.755645752, "published": true}, {"hash": "dlUqPzY6baM", "uri": "/contracts/dlUqPzY6baM#use-of-proceeds-of-advances", "label": "Revolving Credit and Term Loan Agreement (Montauk Renewables, Inc.)", "score": 31.943189621, "published": true}, {"hash": "fJGHnQzIxsq", "uri": "/contracts/fJGHnQzIxsq#use-of-proceeds-of-advances", "label": "Revolving Credit and Term Loan Agreement (Montauk Renewables, Inc.)", "score": 30.975358963, "published": true}], "hash": "431ba11d859fdb2da15b531a2a8635fe", "id": 1}, {"size": 16, "snippet": "The Borrower will use the proceeds of the Advances for general corporate purposes, including, without limitation, for the acquisition of Margin Stock.", "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [4, 17]}, {"key": "the-advances", "type": "clause", "offset": [38, 50]}, {"key": "general-corporate-purposes", "type": "definition", "offset": [55, 81]}, {"key": "without-limitation", "type": "clause", "offset": [94, 112]}, {"key": "the-acquisition", "type": "clause", "offset": [118, 133]}, {"key": "margin-stock", "type": "definition", "offset": [137, 149]}], "samples": [{"hash": "feBpK2QcsM1", "uri": "/contracts/feBpK2QcsM1#use-of-proceeds-of-advances", "label": "Credit Agreement (Stanley Works)", "score": 21.0, "published": true}, {"hash": "aMLvo4CdacE", "uri": "/contracts/aMLvo4CdacE#use-of-proceeds-of-advances", "label": "Credit Agreement (Stanley Works)", "score": 19.0, "published": true}, {"hash": "jOf6pAUcnIT", "uri": "/contracts/jOf6pAUcnIT#use-of-proceeds-of-advances", "label": "Credit Agreement (Stanley Works)", "score": 18.0, "published": true}], "hash": "bdd0f93f9ce82108bc98f8d91c65e122", "id": 2}, {"size": 15, "snippet": "Each Borrower will use the proceeds of the Advances solely for general corporate purposes.", "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [5, 18]}, {"key": "the-advances", "type": "clause", "offset": [39, 51]}, {"key": "general-corporate-purposes", "type": "definition", "offset": [63, 89]}], "samples": [{"hash": "5uikqkDvdBF", "uri": "/contracts/5uikqkDvdBF#use-of-proceeds-of-advances", "label": "364 Day Credit Agreement (Stanley Black & Decker, Inc.)", "score": 37.4763870239, "published": true}, {"hash": "eJo8YJZ57HF", "uri": "/contracts/eJo8YJZ57HF#use-of-proceeds-of-advances", "label": "364 Day Credit Agreement (Stanley Black & Decker, Inc.)", "score": 36.48254776, "published": true}, {"hash": "9v2w2si2bQH", "uri": "/contracts/9v2w2si2bQH#use-of-proceeds-of-advances", "label": "Five Year Credit Agreement (Stanley Black & Decker, Inc.)", "score": 35.4969215393, "published": true}], "hash": "916772dcefac6c1441c029e4c15c31bf", "id": 3}, {"size": 15, "snippet": "Use the proceeds of each Advance solely for the purpose set forth in Section 2.1(b) for Advances of that type.", "snippet_links": [{"key": "each-advance", "type": "clause", "offset": [20, 32]}, {"key": "for-the-purpose", "type": "clause", "offset": [40, 55]}], "samples": [{"hash": "lePE8b5Yo6L", "uri": "/contracts/lePE8b5Yo6L#use-of-proceeds-of-advances", "label": "Warehousing Credit and Security Agreement (American Business Financial Services Inc /De/)", "score": 18.0, "published": true}, {"hash": "g71na3RuKxY", "uri": "/contracts/g71na3RuKxY#use-of-proceeds-of-advances", "label": "Warehousing Credit and Security Agreement (BNC Mortgage Inc)", "score": 18.0, "published": true}, {"hash": "ccCdXPZ1XXC", "uri": "/contracts/ccCdXPZ1XXC#use-of-proceeds-of-advances", "label": "Warehousing Credit and Security Agreement (Mortgage Com Inc)", "score": 18.0, "published": true}], "hash": "ed427601ba8853dc50bdef552a6563ab", "id": 4}, {"size": 11, "snippet": "Borrower will use proceeds of Advances only for the purposes described in Section 2.16(b).", "snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [0, 13]}, {"key": "for-the-purposes", "type": "clause", "offset": [44, 60]}], "samples": [{"hash": "l0VfaqUWEJ3", "uri": "/contracts/l0VfaqUWEJ3#use-of-proceeds-of-advances", "label": "Borrowing Base Revolving Line of Credit Agreement (Cole Credit Property Trust Iv, Inc.)", "score": 23.6173858643, "published": true}, {"hash": "3xoC7tG5IFt", "uri": "/contracts/3xoC7tG5IFt#use-of-proceeds-of-advances", "label": "Borrowing Base Revolving Line of Credit Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.)", "score": 23.2423000336, "published": true}, {"hash": "gGRGq11sUc8", "uri": "/contracts/gGRGq11sUc8#use-of-proceeds-of-advances", "label": "Borrowing Base Revolving Line of Credit Agreement (Cole Credit Property Trust Iv, Inc.)", "score": 21.3682403564, "published": true}], "hash": "ed34b9ece8096b29869d5f0a2ce001e4", "id": 6}, {"size": 9, "snippet": "Use the proceeds of each Advance solely for the applicable purpose stated in Section 3.5 and for no other purpose.", "snippet_links": [{"key": "each-advance", "type": "clause", "offset": [20, 32]}, {"key": "the-applicable", "type": "clause", "offset": [44, 58]}, {"key": "section-35", "type": "clause", "offset": [77, 88]}, {"key": "no-other-purpose", "type": "clause", "offset": [97, 113]}], "samples": [{"hash": "7YRCvJoIBY6", "uri": "/contracts/7YRCvJoIBY6#use-of-proceeds-of-advances", "label": "Credit Agreement", "score": 29.3408622742, "published": true}, {"hash": "dmLYAK3Yn09", "uri": "/contracts/dmLYAK3Yn09#use-of-proceeds-of-advances", "label": "Senior Secured Credit Agreement (Homebanc Corp)", "score": 21.0, "published": true}, {"hash": "cPTwCl3OCKh", "uri": "/contracts/cPTwCl3OCKh#use-of-proceeds-of-advances", "label": "Senior Secured Credit Agreement (Homebanc Corp)", "score": 21.0, "published": true}], "hash": "48c0e05533eb486bd7df29926251b02e", "id": 7}, {"size": 8, "snippet": "Advances of the Revolving Credit shall be used solely to originate or acquire Pledged Mortgage Loans which are eligible for inclusion in the Borrowing Base, subject to the terms and conditions hereof.", "snippet_links": [{"key": "the-revolving-credit", "type": "definition", "offset": [12, 32]}, {"key": "pledged-mortgage-loans", "type": "definition", "offset": [78, 100]}, {"key": "borrowing-base", "type": "definition", "offset": [141, 155]}, {"key": "the-terms-and-conditions", "type": "clause", "offset": [168, 192]}], "samples": [{"hash": "4JH482wblfQ", "uri": "/contracts/4JH482wblfQ#use-of-proceeds-of-advances", "label": "Mortgage Warehousing Agreement (M I Homes Inc)", "score": 27.4887065887, "published": true}, {"hash": "j4JUZ1vbjmM", "uri": "/contracts/j4JUZ1vbjmM#use-of-proceeds-of-advances", "label": "Mortgage Warehousing Agreement (M I Homes Inc)", "score": 22.2525672913, "published": true}, {"hash": "4iEi1GRDr8e", "uri": "/contracts/4iEi1GRDr8e#use-of-proceeds-of-advances", "label": "Mortgage Warehousing Agreement (M I Homes Inc)", "score": 20.2977409363, "published": true}], "hash": "498af0d82ede9db7208d3d8cbf7d3f9f", "id": 8}, {"size": 8, "snippet": "Advances of the Revolving Credit (including Swing Line Advances) shall be available for general corporate purposes of Company and its Subsidiaries which are Guarantors, including the financing of capital expenditures and of working capital needs.", "snippet_links": [{"key": "the-revolving-credit", "type": "definition", "offset": [12, 32]}, {"key": "swing-line-advances", "type": "clause", "offset": [44, 63]}, {"key": "company-and-its-subsidiaries", "type": "clause", "offset": [118, 146]}, {"key": "the-financing", "type": "clause", "offset": [179, 192]}, {"key": "capital-expenditures", "type": "definition", "offset": [196, 216]}, {"key": "working-capital-needs", "type": "definition", "offset": [224, 245]}], "samples": [{"hash": "5wkeVUCLVkh", "uri": "/contracts/5wkeVUCLVkh#use-of-proceeds-of-advances", "label": "Credit Agreement (Olympic Steel Inc)", "score": 21.0, "published": true}, {"hash": "hErU5sQt8y8", "uri": "/contracts/hErU5sQt8y8#use-of-proceeds-of-advances", "label": "Credit Agreement (Olympic Steel Inc)", "score": 18.0, "published": true}], "hash": "686564d971b6d3c09182a14b4e3dd53b", "id": 9}, {"size": 7, "snippet": "The Borrower shall use the proceeds of Advances solely to purchase (i) Receivables, (ii) the related Receivable Document Package and other receivable records with respect to such Receivable, (iii) related rights and benefits of \u201clender\u201d under such Receivable Documents, (iv) servicing rights, (v) collections thereof, (vi) proceeds of any of the foregoing, and (vii) any other assets described in the Receivables Purchase Agreement and to pay fees and expenses related to the Facility and ownership of the foregoing that are permitted under the Transaction Documents.", "snippet_links": [{"key": "the-borrower-shall", "type": "clause", "offset": [0, 18]}, {"key": "receivable-document-package", "type": "definition", "offset": [101, 128]}, {"key": "receivable-records", "type": "definition", "offset": [139, 157]}, {"key": "with-respect-to", "type": "clause", "offset": [158, 173]}, {"key": "benefits-of", "type": "clause", "offset": [216, 227]}, {"key": "receivable-documents", "type": "definition", "offset": [248, 268]}, {"key": "servicing-rights", "type": "clause", "offset": [275, 291]}, {"key": "the-foregoing", "type": "definition", "offset": [342, 355]}, {"key": "other-assets", "type": "clause", "offset": [371, 383]}, {"key": "receivables-purchase-agreement", "type": "clause", "offset": [401, 431]}, {"key": "fees-and-expenses", "type": "clause", "offset": [443, 460]}, {"key": "related-to-the-facility", "type": "definition", "offset": [461, 484]}, {"key": "ownership-of-the", "type": "clause", "offset": [489, 505]}, {"key": "the-transaction-documents", "type": "clause", "offset": [541, 566]}], "samples": [{"hash": "4xNCGVIdbXD", "uri": "/contracts/4xNCGVIdbXD#use-of-proceeds-of-advances", "label": "Warehouse Credit Agreement (LendingClub Corp)", "score": 31.1519508362, "published": true}, {"hash": "kD0g5y0jy1U", "uri": "/contracts/kD0g5y0jy1U#use-of-proceeds-of-advances", "label": "Warehouse Credit Agreement (LendingClub Corp)", "score": 30.4620132446, "published": true}, {"hash": "4U1zChUcDFQ", "uri": "/contracts/4U1zChUcDFQ#use-of-proceeds-of-advances", "label": "Warehouse Credit Agreement (LendingClub Corp)", "score": 30.4264202118, "published": true}], "hash": "7eee0435c0fbac21fdc4e7376f014b22", "id": 10}], "next_curs": "CmQSXmoVc35sYXdpbnNpZGVyY29udHJhY3RzckALEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiR1c2Utb2YtcHJvY2VlZHMtb2YtYWR2YW5jZXMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 227, "title": "Use of Proceeds of Advances", "parents": [["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["revolving-credit", "Revolving Credit"], ["amounts-and-terms-of-the-advances", "Amounts and Terms of the Advances"], ["definitions", "Definitions"], ["advances", "Advances"]], "children": [["", ""], ["no-defaults", "No Defaults"], ["conditions-to-issuance", "Conditions to Issuance"], ["letters-of-credit", "Letters of Credit"], ["consents-approvals-and-filings-etc", "Consents, Approvals and Filings, Etc"]], "id": "use-of-proceeds-of-advances", "related": [["use-of-proceeds-of-loans", "Use of Proceeds of Loans", "Use of Proceeds of Loans"], ["use-of-proceeds-of-the-loan", "Use of Proceeds of the Loan", "Use of Proceeds of the Loan"], ["applications-of-proceeds", "Applications of Proceeds", "Applications of Proceeds"], ["use-of-advances", "Use of Advances", "Use of Advances"], ["prepayments-of-advances", "Prepayments of Advances", "Prepayments of Advances"]], "related_snippets": [], "updated": "2026-08-09T04:22:35+00:00"}, "json": true, "cursor": ""}}