Borrower shall use the proceeds of the Loan (a) to acquire the Property and/or repay and discharge any existing loans relating to the Property, (b) to pay all past-due Basic Carrying Costs, if any, in respect of the Property, (c) to deposit the Reserve Funds, (d) to pay costs and expenses incurred in connection with the closing of the Loan, as approved by Lender, (e) for working capital and other general business purposes and (f) to make distributions to Guarantor to be used by Guarantor for working capital and other general business purposes.