Example ContractsClausesdisbursement of advance proceedsVariants
Remove:

Use of Proceeds. Use the proceeds of the Loans for purposes other than as specified in Section 4.23 or use any part of the proceeds of Loans for any purpose which violates, or is inconsistent with, Regulations T, U, or X.

Source document

SECTION # Use of Proceeds. Use the(a) The proceeds of the Loans will be used only for purposes other than as specified in Section 4.23 or use anygeneral corporate purposes. No part of the proceeds of Loansany Loan will be used, whether directly or indirectly, for any purpose which violates, or is inconsistent with,that entails a violation of any of the Regulations of the Board, including Regulation T, U, orRegulation U and Regulation X.

Source document
Select clause to view document information.

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.