Use of Proceeds of the Loan. Section 3.01. The Borrower shall cause the proceeds of the Loan to be applied to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement.
Use of Proceeds of the Loan. Section 3.01. (a) The Borrower shall make the proceeds of the Loan available to the State upon terms and conditions mutually agreeable to ADB and the Borrower.
Use of Proceeds of the Loan. Section 3.01. The Borrower shall, upon terms and conditions satisfactory to ADB, make the proceeds of the Loan available, through timely budget allocations, to:
Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to the EA upon terms and conditions mutually agreeable to ADB and the Borrower, and shall cause the EA to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.
Use of Proceeds of the Loan. Proceeds from the Loan shall be used only for those purposes set forth in this Agreement. No part of the proceeds of the Loan shall be used, directly or indirectly, for the purpose of purchasing or carrying any margin stock or for the purpose of purchasing or carrying or trading in any stock under such circumstances as to involve Borrower in a violation of any statute or regulation. In particular, without limitation of the foregoing, no part of the proceeds from the Loans are intended to be used to acquire any publicly-held stock of any kind.
Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to Punjab upon terms and conditions satisfactory to ADB and shall cause Punjab to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.
Use of Proceeds of the Loan. The proceeds of each advance under the Loan shall be used by the Borrower for Permitted Uses, and for no other purposes except as may otherwise be agreed by the Lender in writing. The Borrower shall use the proceeds of the Loan promptly.
Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to the State upon terms and condition mutually agreeable to ADB and the Borrower, and shall cause the State to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.
Use of Proceeds of the Loan. Section 3.01. The Borrower shall make the proceeds of the Loan available to RDA upon terms and conditions satisfactory to ADB and the Borrower, and shall cause RDA to apply such proceeds to the financing of expenditures on the Project in accordance with the provisions of this Loan Agreement and the Project Agreement.
Use of Proceeds of the Loan. Section 3.01. (a) The Borrower shall make the proceeds of the Loan available to HPG upon terms and conditions acceptable to ADB, which, except as ADB may otherwise agree, shall include (i) commitment charge and interest at the rate identical to those applied to the Loan; (ii) a repayment period including a grace period identical to those applied to the Loan; and (iii) HPG bearing the foreign exchange and interest rate variation risks.
