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Disbursement of Advance Proceeds
Disbursement of Advance Proceeds contract clause examples

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. (a) The proceeds of the Loans will be used only for general corporate purposes. No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of the Board, including Regulation T, Regulation U and Regulation X.

Source document

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