Utilization of Loan Proceeds. Borrower will utilize the proceeds of the Gap Financing Loan solely for the costs approved by OCD according to the provisions set forth in this Agreement.
Utilization of Loan Proceeds. Borrower will utilize the proceeds of the Gap Financing Loan solely for the costs approved by Grantee according to the provisions set forth in this Agreement.
Utilization of Loan Proceeds. Borrower will utilize the proceeds of the Loan solely for the purposes as set forth in this Agreement.
Utilization of Loan Proceeds. Borrower will utilize the proceeds of the Loan solely to finance the acquisition of the Lots.
Utilization of Loan Proceeds. Borrowers will utilize the proceeds of the Loan solely for ongoing development of the Projects and in accordance with the approved Budgets for each Project, making withdrawals thereof at regular intervals, and Borrowers will not procure a loan or loans from other sources for the work contemplated under this Agreement.
Utilization of Loan Proceeds. Utilize the proceeds of the Loans solely (a) for working capital purposes, (b) to finance Distributions and (c) to finance Permitted Acquisitions. Borrower will not request any Loan and will not use, and Borrower will ensure that Subsidiary Bank and their respective Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws. Borrower will not, directly or indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, (i) for the purpose of funding any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions to the extent such activities or business would be prohibited by Sanctions if conducted by a Person required to comply with Sanctions, or (ii) in any other manner that would result in a violation of Sanctions by any Person participating in the Loans, whether as underwriter, advisor, investor, or otherwise.
Utilization of Loan Proceeds. Utilize the proceeds of any advance made under any Loan solely (a) to repay Borrower’s existing Indebtedness with Lender, or (b) for other proper corporate purposes.
Utilization of Loan Proceeds. Utilize the proceeds of the Loan immediately upon advancement thereof solely to refinance existing debt, make future bank acquisitions, contribute capital to Subsidiary Banks and for general corporate purposes.
Utilization of Loan Proceeds. Utilize the proceeds of the Loan solely to finance the redemption of Borrower’s TARP Stock.
Utilization of Loan Proceeds. Utilize the proceeds of the Revolving Credit Loans solely (a) for working capital and general corporate purposes, (b) to finance Distributions, (c) to finance Permitted Acquisitions and (d) to finance the repurchase of Borrower’s Capital Stock. Borrower will not request any Revolving Credit Loan and Borrower shall not use, and the Borrower shall ensure that Subsidiary Bank and its other Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Revolving Credit Loan (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws or (ii) in any manner that would result in the violation of any applicable Sanctions.
