3. Purpose
3.1 Purpose
The Borrower shall apply all amounts borrowed by it under the Facility towards financing (a) part of the consideration for the Acquired Shares in the ATB Acquisition and (b) the payment of all fees, costs, expenses and Taxes incurred in connection with the ATB Acquisition.
3.2 Monitoring
The Lender is not bound to monitor or verify the application of any amount borrowed pursuant to this Agreement.