Common use of Use of Proceeds of the Facility Clause in Contracts

Use of Proceeds of the Facility. 5Except with the prior written consent of the Agent (in accordance with the instructions of the Majority Lenders), the Borrower shall only be entitled to use the proceeds of the Facility exclusively for (a) the development, operation and maintenance of the H▇▇▇▇▇ Facility, the Palangana Mine and the Goliad Mine, and (b) working capital purposes of the Borrower and STMV. For greater certainty, the Borrower acknowledges and agrees that the proceeds of the Facility may not be used in connection with any exploration project other than the Palangana Mine and the Goliad Mine.

Use of Proceeds of the Facility. 5Except Except with the prior written consent of the Agent (in accordance with the instructions of the Majority Lenders), the Borrower shall only be entitled to use the proceeds of the Facility exclusively for (a) the development, operation and maintenance of the H▇▇▇▇▇ Facility, the Palangana Mine and the Goliad Mine, and (b) working capital purposes of the Borrower and STMV. For greater certainty, the Borrower acknowledges and agrees that the proceeds of the Facility may not be used in connection with any exploration project other than the Palangana Mine and the Goliad Mine.. Interest and Standby Fee