Common use of Use of Proceeds of Advances Clause in Contracts

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 and for no other purpose.

Appears in 3 contracts

Sources: Senior Secured Credit Agreement (Long Beach Financial Corp), Senior Secured Credit Agreement (Long Beach Financial Corp), Senior Secured Credit Agreement (Sunset Financial Resources Inc)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 Section 3.5 and for no other purpose.

Appears in 3 contracts

Sources: Credit Agreement, Senior Secured Credit Agreement (Homebanc Corp), Senior Secured Credit Agreement (Homebanc Corp)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 Section 2.5 and for no other purpose.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Homebanc Corp)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION 2.4 Section 3.4 and for no other purpose.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Fieldstone Investment Corp)

Use of Proceeds of Advances. Use the proceeds of each Advance solely for the applicable purpose stated in SECTION Section 2.4 and for no other purpose.

Appears in 1 contract

Sources: Senior Secured Credit Agreement (E Loan Inc)