Common use of Purpose of the Facility Clause in Contracts

Purpose of the Facility. Utilisation of this Facility by the Borrower under this Agreement shall be used solely for the Approved Purposes and no other purpose except with the prior written approval of the Bank to do otherwise. The Bank shall not have any responsibility to ensure that it is so utilised.

Appears in 2 contracts

Sources: Loan Agreement (Daisytek International Corporation /De/), Credit Agreement (Daisytek International Corporation /De/)