Common use of Use and Purposes Clause in Contracts

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan Proceeds, such Loan Proceeds to be used for the purposes and subject to all of the terms, provisions and conditions of this Agreement.

Appears in 5 contracts

Sources: Term Loan Agreement (Jernigan Capital, Inc.), Term Loan Agreement (Jernigan Capital, Inc.), Term Loan Agreement (Jernigan Capital, Inc.)

Use and Purposes. Borrower agrees to borrow from Lender and Lender agrees to lend to Borrower the Loan ProceedsProceeds from time to time upon request as set forth herein, such Loan Proceeds to be used for the purposes and subject to all of the terms, provisions and conditions of this Agreement.

Appears in 1 contract

Sources: Loan Agreement (FRP Holdings, Inc.)