context: The statement merely describes the parties' expectations of the purpose of the loan. This statement does not oblige Park Avenue Bank to assure the proper use of the funds.
citation_a.signal: see
citation_a.identifier: 655 F.2d 743, 746-47
citation_a.parenthetical: leases clearly manifested bank's obligation to make payments for purchase of broadcasting equipment
citation_a.sentence: See Howell v. Cont’l Credit Corp., 655 F.2d 743, 746-47 (7th Cir.1981) (leases clearly manifested bank’s obligation to make payments for purchase of broadcasting equipment).
citation_b.signal: no signal
citation_b.identifier: 911 F.2d 601, 601
citation_b.parenthetical: memorandum and letters in bank files referencing alterations to mortgage were insufficient evidence of bank's obligation to transfer property or oil leases to borrower
citation_b.sentence: Two Rivers Assocs., 880 F.2d at 1275-76 (bank record evidencing obligation to provide additional loan was not sufficient to show agreement to fund entire project); McCullough, 911 F.2d at 601 (memorandum and letters in bank files referencing alterations to mortgage were insufficient evidence of bank’s obligation to transfer property or oil leases to borrower). The statement of purpose contained in the Note is not an explicit obligation and is not the type of agreement that has been sufficient to prevent operation of the D’Oench Duhme doctrine.