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Common use of Use of Advance Clause in Contracts

Use of Advance. Borrower will use the proceeds of the Loan only for working capital, sales, marketing and other proper business purposes as it shall determine.

Appears in 3 contracts

Sources: Loan and Security Agreement (Bluegreen Vacations Holding Corp), Loan and Security Agreement (Bluegreen Vacations Corp), Loan and Security Agreement (Bluegreen Corp)

Related Clauses

  • Use of Advances
  • Purpose of Advances
  • Use of Loan
  • Use of Proceeds of Advances
  • Making of Advances

Parent Clauses

  • Representations of Lessee
  • Sale and Purchase of Future Receivables
  • Representations
  • Positive Covenants
  • Covenants and Reporting Requirements

Sub-Clauses

  • Aggregation for Purpose of Determining Shortfall
  • Revolving Facility
  • No Cross-Collateralization
  • Advance
  • Representations
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