Application of Advances. Borrower shall disburse all Advances for payment of costs and expenses specified in the Approved Budget, and for no other purpose.
Appears in 10 contracts
Sources: Construction Loan Agreement (MCI Income Fund VII, LLC), Construction Loan Agreement (MCI Income Fund VII, LLC), Secured Construction Loan Agreement (Lakes Entertainment Inc)
Application of Advances. Borrower shall disburse apply all Advances for payment reimbursement of costs and expenses specified in the Approved Budget, and for no other purpose.
Appears in 3 contracts
Sources: Acquisition and Construction Loan Agreement (Mego Financial Corp), Construction Loan Agreement (Silverleaf Resorts Inc), Acquisition and Renovation Loan Agreement (Mego Financial Corp)
Application of Advances. Borrower shall disburse all Advances for payment of costs and expenses specified in the Approved Budget, as may be modified from time to time hereunder, and for no other purpose.
Appears in 2 contracts
Sources: Secured Construction Loan Agreement (Campus Crest Communities, Inc.), Secured Construction Loan Agreement (Campus Crest Communities, Inc.)
Application of Advances. Borrower shall disburse all Advances for payment of costs and expenses specified in the Approved Budget, and for no other purposepurpose .
Appears in 1 contract
Sources: Construction Loan Agreement (MCI Income Fund VII, LLC)
Application of Advances. Borrower shall disburse all Advances for payment of costs and expenses specified in the Approved Budget, and for no other purposepurpose unless approved in writing by Lender.
Appears in 1 contract
Sources: Loan Agreement (Aqua Metals, Inc.)