Common use of Loan Applications Clause in Contracts

Loan Applications. The Company has used all of the loan proceeds received from the BankAtlantic Loan and the Monaco Loan, except as expressly approved by Monaco as to the Monaco Loan, only for the purposes for which such proceeds were required in the Company’s loan application.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Monaco Coach Corp /De/), Stock Purchase Agreement (Monaco Coach Corp /De/)

Loan Applications. The Company has used all of the loan proceeds received from the BankAtlantic US Bank Loan and the Monaco Loan, except as expressly approved by Monaco as to the Monaco Loan, only for the purposes for which such proceeds were required in the Company’s loan application.

Appears in 1 contract

Sources: Stock Purchase Agreement (Monaco Coach Corp /De/)