Use of Proceeds Clause Example from Business Contracts

Use of Proceeds. On or prior to the date of this Note, the Payee shall remit the full principal amount to the Maker. The Maker hereby represents, warrants and covenants to the Payee, that the entire principal amount will be used by the Maker for purposes of (i) making a payment pursuant to the Investment Management Trust Agreement dated November 12, 2020 by and between Maker and Continental Stock Transfer & Trust Company, a New York limited liability trust company ("CST"), for the Extension and (ii) Maker's ongo...ing working capital requirements. View More