Common use of APPLICATION FOR AND PURPOSE OF THE LOAN Clause in Contracts

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.

Appears in 3 contracts

Sources: Agricultural Loan Agreement (Citadel Holding Corp), Agricultural Loan Agreement (Citadel Holding Corp), Agricultural Loan Agreement (Citadel Holding Corp)