Common use of Purpose Definitions and Interpretation Clause in Contracts

Purpose Definitions and Interpretation. The purpose of the Loan shall be to make available to the Borrower a facility in the amount of up to United States Dollars ten million (USD 10,000,000) by one (1) advance for the purpose of partly financing the acquisition cost of the Vessel (as hereinafter defined)

Purpose Definitions and Interpretation. The purpose of the Loan shall be to make available to the Borrower a facility in the amount of up to United States Dollars ten million (USD 10,000,000) by one (1) advance for the purpose of partly financing the acquisition cost of working capital needs and other corporate purposes associated with the Vessel (as hereinafter defined)

Purpose Definitions and Interpretation. The purpose of the Loan shall be to make available to the Borrower a facility in the amount of up to United States Dollars ten fifteen million (USD 10,000,00015,000,000) by one (1) advance for the purpose of partly financing the acquisition cost of the Vessel (as hereinafter defined)