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.
Appears in 8 contracts
Samples: Financing and Security Agreement (ARGON ST, Inc.), Financing and Security Agreement (Pec Solutions Inc), Financing and Security Agreement (Sensys Technologies Inc)
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.
Appears in 2 contracts
Samples: Financing and Security Agreement (Healthextras Inc), Financing Agreement (Sunrise Assisted Living Inc)
Use of Proceeds of the Loan. The proceeds of each advance under the Loan shall be used by the Borrower Borrowers 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.2.3.3
Appears in 1 contract
Samples: Financing and Security Agreement (Dispatch Management Services Corp)
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.. 2.3.3
Appears in 1 contract
