Example ContractsClausesdisbursement of advance proceedsVariants
Disbursement of Advance Proceeds
Disbursement of Advance Proceeds contract clause examples

Use of Proceeds. Co-Borrower shall use the proceeds of the Credit Extensions solely as working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes.

Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as working capital and to fund its general business requirements and not for personal, family, household or agricultural purposes.

Section # Use of Proceeds. Use the proceeds of the Credit Extensions for working capital and other general purposes of the Borrower, Co-Borrowers and their respective Subsidiaries in the ordinary course of business.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.