Common use of Proceeds of the Note Clause in Contracts

Proceeds of the Note. This Note is being issued by the Borrower for the specific purpose of acquiring the Borrower’s Underlying Asset. The proceeds of this Note will be used in accordance with the Company’s Offering Circular.

Appears in 2 contracts

Sources: Membership Interest Purchase Agreement (McQueen Labs Series, LLC), Membership Interest Purchase Agreement (McQueen Labs Series, LLC)