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

Use of Proceeds. The proceeds of the Loans shall be used for general domestic corporate purposes. Borrower agrees it shall not Transfer any proceeds of the Loans or make any Investment with proceeds of the Loans to a Subsidiary that is not organized under the laws of the United States.

Section # Use of Proceeds. The proceeds of any Borrowing shall be available (and the agrees that it shall use such proceeds) for general corporate purposes of the and its Subsidiaries.

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