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 to finance the acquisition of the Lots.
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 pay Costs for Improvements, borrow Loan proceeds only at regular intervals, and will not procure a loan or loans from any source other than Lender for the work contemplated under this Agreement.
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 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 Term Loan immediately upon advancement thereof solely to refinance Borrower's outstanding term debt and to partially fund the purchase of Sac River Valley Bank; utilize the proceed of the Thirty Day Loan immediately upon advancement thereof solely to partially fund the purchase of Sac River Valley Bank; and utilize the proceeds of any advance made under the Revolving Loan (none of which shall be made prior to the repayment of the Thirty Day Loan in full) solely to repurchase shares of the common stock of Borrower.
Utilization of Loan Proceeds. Utilize the proceeds of any advance made under the Loan solely to: (a) repay Borrower’s existing Indebtedness with Lender; (b) finance the purchase price of the Royal Palm Merger Transaction; and (c) other proper corporate purposes.
Utilization of Loan Proceeds. Utilize the proceeds of any advance made under the Loan solely for working capital purposes, for payment of the outstanding stock options of Community exercised in connection with its merger into Borrower, for the repurchase of Borrower’s stock, and for providing liquidity to Subsidiary Bank.
