Application of Funding. The Borrowers will use the funding hereunder solely to originate, fund, and purchase Mortgage Loans for the purpose of (a) pooling such Mortgage Loans prior to securitization, or (b) sale, in each case in the ordinary course of business.
Application of Funding. The Recipient may not use the Funding for any part of the Project that is or was already funded by any party (including the Recipient, unless otherwise approved by the Ministry in writing), or in relation to any activity which the Ministry advises the Recipient that it may not apply the Funding to.
Application of Funding. The Recipient:
(a) must apply the Funding in accordance with the Project (Schedule 3), subject to any variation of the Project agreed with the Ministry in writing; and
(b) must not use the Funding for any part of the Project that is or was already funded by any party (including the Recipient, unless otherwise approved by the Ministry in writing), or in relation to any activity which the Ministry advises the Recipient that it may not apply the Funding to.
Application of Funding. (a) The Applicant must ensure that the Funding:
(i) is applied solely in undertaking the Project; and
(ii) is not used for any other purpose.
Application of Funding. The Recipient must only use the Funding for the purpose of providing a preschool program (Purpose). The Purpose is more fully described in Schedule 2.
Application of Funding. Any funding obtained pursuant to Section 5.2(a) shall first be used to reimburse the costs and expenses incurred by the Company in connection with developing the Solution and construction of the Demonstration Plant. Any remaining funding shall either be applied to Term Projects or equally shared by the Parties, as determined by the Parties.
Application of Funding. For each PROGRAM approved and funded by AUTHORITY, to apply a PROGRAM GRANT received under this AGREEMENT to PROGRAM(s) in accordance with the terms and conditions specified in Funding Resolution No. 14-24-G approved by the AUTHORITY; and consistent with the information contained in the Project Worksheet attached to this AGREEMENT as EXHIBIT D and incorporated by this reference (“Sponsor Worksheets”).
Application of Funding. The Applicant must ensure that the Funding:
Application of Funding. The Grant must be used only for the Permitted Spend and for no other purpose whatsoever.
