Common use of Use of Loan Proceeds Clause in Contracts

Use of Loan Proceeds. The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLC, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLC, to pay any amount to ▇▇▇▇▇▇▇ ▇▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Corporation).

Use of Loan Proceeds. The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLCMLBFS, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLCMLBFS, to pay any amount to ▇▇▇▇▇▇▇ ▇▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC MLBFS and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Corporation).

Use of Loan Proceeds. The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLCMLBFS, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLCMLBFS, to pay any amount to ▇M▇▇▇▇▇▇ ▇L▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇t▇▇▇ ▇▇▇▇▇▇▇ ▇L▇▇▇▇ Bank USA, ▇M▇▇▇▇▇▇ ▇L▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC MLBFS and ▇M▇▇▇▇▇▇ ▇L▇▇▇▇ Credit Corporation).

Use of Loan Proceeds. The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLC, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLC, to pay any amount to ▇M▇▇▇▇▇▇ ▇L▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇t▇▇▇ ▇▇▇▇▇▇▇ ▇L▇▇▇▇ Bank USA, ▇M▇▇▇▇▇▇ ▇L▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC and ▇M▇▇▇▇▇▇ ▇L▇▇▇▇ Credit Corporation).

Use of Loan Proceeds. The proceeds of the Loan shall continue to be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLC, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLC, to pay any amount to ▇▇▇▇▇▇▇ ▇▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Corporation).

Use of Loan Proceeds. The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLCMLBFS, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLCMLBFS, to pay any amount to ▇▇▇▇▇▇▇ ▇▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC MLBFS and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Corporation).

Use of Loan Proceeds. The proceeds of the Loan shall be used by Customer solely for a Loan Purpose, or, with the prior written consent of MLC, for other lawful business purposes of Customer not prohibited hereby. Customer agrees that under no circumstances will the proceeds of the Loan be used: (a) for personal, family or household purposes of any Person person whatsoever, or (b) to purchase, carry or trade in securities, or repay debt incurred to purchase, carry or trade in securities, or (c) unless otherwise consented to in writing by MLCMLBFS, to pay any amount to ▇▇▇▇▇▇▇ ▇▇▇▇▇ and Co., Inc. or any of its subsidiaries, other ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank USA, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Bank & Trust Co. or any subsidiary of either of them (including MLC MLBFS and ▇▇▇▇▇▇▇ ▇▇▇▇▇ Credit Corporation).