Loan Purpose definition

Loan Purpose means the purpose for which the proceeds of the Loan will be used; to wit: to purchase or finance equipment.

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Loan Purpose means the purpose for which the proceeds of the Loan will be used; to wit: to refinance a portion of Customer's WCMA Line of Credit No. 885-07E38.

Loan Purpose means (a) to provide financing for Borrower’s operating and capital needs (including distributions to Borrower’s unitholders in the ordinary course of business and repurchases of partnership units from Borrower’s unitholders as may be approved by Borrower’s Board of Directors), and (b) to pay for Stock, Loan fees and all of Lender’s reasonable transaction costs.

Examples of Loan Purpose in a sentence

• Borrower Qualification Numeric – Decimal 14.5 99.99 Refinances of Primary Residences Only (Loan Purpose = 1, 2, 3, 4, 8 or 9) > 0 78 FICO Model Used Indicates whether the FICO score was calculated using the Classic, Classic 08, or Next Generation model.

• Subject to the terms and conditions hereof, MLBFS hereby agrees to make the Loan to Customer for the Loan Purpose, and Customer agrees to borrow all amounts borrowed to satisfy the Loan Purpose from MLBFS.

• The entire proceeds of the Loan shall be disbursed on the Closing Date either directly to the applicable third party or parties on account of the Loan Purpose or to reimburse Customer for amounts directly expended by it; all as directed by Customer in a Closing Certificate to be executed by Customer and delivered to MLBFS prior to the Closing Date.

• The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLBFS, for other lawful business purposes of Customer not prohibited hereby.

• Unless otherwise agreed by MLBFS in writing, the proceeds of the Loan shall be used solely for the Loan Purpose.

More Definitions of Loan Purpose

Loan Purpose means the purpose or purposes described in the Facility Agreement and any other purpose approved by Rabobank, in writing, at any time;

Loan Purpose means the use for the Loan set out in your application form and approved by us.

Loan Purpose means (a) to provide financing for Borrower’s operating and capital needs (including distributions to Borrower’s unitholders in the ordinary course of business and repurchases of partnership units from Borrower’s unitholders as may be approved by Borrower’s Board of Directors), and (b) to pay Loan fees and all Lender’s reasonable transaction costs.

Loan Purpose means, (a) the purchase of timber and timberlands, and (b) to pay Loan fees and all Lender's reasonable transaction costs.

Loan Purpose means (i) the refinancing of the Borrower’s Existing Loan, (ii) capital expenditures and (iii) general corporate expenses.

Loan Purpose means, (a) to fund the costs associated with Borrower’s obligations to perform environmental remediation at the Port Gamble site, (b) to provide financing for co-investments in ORM Timber Fund IV, (c) to pay Loan fees and all Lender’s Expenses and (d) for other corporate and working capital purposes of Borrower.

Loan Purpose. The loan shall be used for business operation.