APPLICATION FOR AND PURPOSE OF THE LOAN Clause Samples

APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender and now --------------------------------------- renews Borrower's application for a Loan in the aggregate principal amount of ONE MILLION TWO HUNDRED THOUSAND & 00/100 DOLLARS ($1,200,000) for the following purposes: FARM PRODUCTION LOAN. A farm production loan for the purpose of financing Borrower's farm production costs for the Current Crop Year.
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APPLICATION FOR AND PURPOSE OF THE LOAN. ▇▇▇▇▇▇▇▇ has applied to Lender for a Loan in the aggregate principal amount of $11,550,000.00 for the following purpose: REFINANCE #25791389/NEW MONEY FOR BANK ACQUISITION. ▇▇▇▇▇▇▇▇'S NOTE. ▇▇▇▇▇▇ has agreed to consider making Loan Advances to Borrower from time to time on a multiple advance, non-self replenishing basis, up to an aggregate maximum principal amount not to exceed $11,550,000.00. ▇▇▇▇▇▇▇▇ agrees to be bound and obligated under the terms and conditions of this Agreement and ▇▇▇▇▇▇’s procedures and additional requirements for requesting Loan Advances, as well as any and all Security Agreements directly or indirectly securing repayment of the same.
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APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $172,725.73 for the following purpose: RENEWAL OF CASH FLOW MANAGER LOC INTO TERM LOAN. BORROWER'S LOAN. Lender has agreed to extend a Loan to Borrower in the amount of $172,725.73 subject to the terms and conditions of this Agreement and Borrower's attached Note. Borrower agrees to be bound and obligated under the terms and conditions of this Agreement and Borrower's Note, as well as any and all Security Agreements directly or Indirectly securing repayment of the same.
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APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $7,000,000 for the following purpose: TO PAYOFF 7MM IN 9.75% DEBENTURES.
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APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of U.S. $7,500,000.00 for the purpose of financing Borrower's origination and acquisition of Inventory in the ordinary course of business of Borrower and working capital.
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APPLICATION FOR AND PURPOSE OF THE LOAN. Company has applied to Lender for a loan in the principal amount of $500,000.00 (the “Loan”) to be used for working capital, research and development, and hiring of new employees.
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APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $1,440,000 for the following purpose: To finance the purchase of the land and building located at 1▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇.,
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APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of $2,000,000 for the following purpose: Property updates and term financing..
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APPLICATION FOR AND PURPOSE OF THE LOAN. Borrower has applied to Lender for a Loan in the aggregate principal amount of 12,000,000.00 for the following purpose: CONSOLIDATE LOAN #25915746 WITH NEW MONEY TO PAY OFF DEBT WITH KY BANKERS BANK AND CASH OUT TO PAY CLOSING COSTS.
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Related to APPLICATION FOR AND PURPOSE OF THE LOAN

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • PURPOSE OF AGREEMENT The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Institute, to set forth certain terms and conditions of employment relating to remuneration, hours of work, employee benefits and general working conditions affecting employees covered by this Agreement.

  • Application of Agreement 4.1 This Agreement applies to: (a) ▇'▇▇▇▇▇▇▇▇ Ground Engineering Pty Ltd (the Employer) (b) the CFMEU (the Union) (c) all Employees of the Employer engaged in construction work and for whom classifications and rates of pay are provided by this Agreement (the Employee). Collectively known as Parties 4.2 This Agreement only applies to work done in Queensland or Northern Territory and to work temporarily done outside Queensland or Northern Territory by Employees who are based in Queensland or Northern Territory, except where employees are covered by a subsequent Greenfields agreement made under s.182(3) of the Fair Work Act 2009 (Cth) and approved by the Fair Work Commission.

  • Purpose of Loans The proceeds of the Loans shall be used by the Borrower (i) to pay fees and expenses related to the preparation and negotiation of this Agreement and the other Credit Documents and (ii) for general corporate and working capital purposes in the ordinary course of business of the Borrower and its Subsidiaries, including, without limitation, the making of Investments permitted under subsection 7.9.