MISUSE OF LOAN FUNDS Sample Clauses

MISUSE OF LOAN FUNDS. Anyone who wrongfully misapplies any proceeds of the loan will be civilly liable to SBA for one and one- half times the proceeds disbursed, in addition to other remedies allowed by law.
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Related to MISUSE OF LOAN FUNDS

  • Use of Loan Proceeds The Borrower shall use the credit extended under this Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4 hereof.

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