Approved Purposes. The Freddie Mac Servicing Contract Rights and related Collateral may only be pledged, and the proceeds of the Loans may only be used, for the purposes set forth in the Freddie Mac Acknowledgment Agreement.
Approved Purposes. The Partnership covenants and agrees that the Partnership Agreement does, and during the Term will continue to, provide that the Approved Purposes do not include per capita distributions or other forms of direct per capita distributions of any portion of the Limited Partner Distributions to Members or any other Person. For greater certainty, per capita distributions will not include payments or reimbursements to Members except for those Members bonafide participating in programs and services, such as, for example, housing, education or training programs.
Approved Purposes. The Deposit, and any portion thereof, may be used solely for the purposes and the amounts set forth on Schedule 2.11(b) and not any other purpose without the prior written approval of Buyer. Without limiting the generality of the foregoing, no portion of the Deposit may be used to pay any amounts owing (i) pursuant to any of the Excluded Liabilities, (ii) to the Majority Stockholder or any other Affiliate of Seller, (iii) to any member of Seller's Board of Directors or (iv) to any investment bankers, attorneys, accountants, consultants or other agents or advisors of Seller or any of its Affiliates, whether or not in connection with this Agreement, the Ancillary Agreements or the transactions contemplated hereby or thereby, in each case except to the extent set forth on Schedule 2.11(b). The parties agree that notwithstanding that Schedule 2.11(b) identifies a total amount greater than $1.5 million, neither Buyer nor Parent is obligated in any way or for any reason to increase the Deposit above $1.5 million.
Approved Purposes. 30
7.1 Use of Funds for Approved Purposes 30 7.2 Collective Use Monies. 31 7.3 Certain Provisions in Respect of Collective Use Monies. 32 7.4 Suspension and Forfeiture of Payments. 32
7.5 Casino Gaming Default of Limited Partners 34 7.6 Expedited Procedure for Suspension of Partner Distributions. 34
Approved Purposes. The Xxxxxxx Xxx Servicing Contract Rights and related Collateral may only be pledged, and the proceeds of the Loans may only be used, for the purposes set forth in the Xxxxxxx Xxx Acknowledgment Agreement.
Approved Purposes a. Protecting students, employees, and others in the campus community from violence and other harm.
b. Protecting district property and assets from theft and/or vandalism.
c. Assisting in the investigation of formal or informal complaints that the District is legally required to investigate pursuant to state or federal law, where surveillance data could assist in corroborating or disapproving the allegations.
d. Assisting in the investigation of criminal activity.
e. Assisting in the investigation of violations of School Board Policies pertaining to civility, safety, violence, harm, theft, vandalism, criminal activities, and sexual misconduct.
f. Assisting in the investigation of misconduct under the California Education Code and providing supporting evidence thereof in personnel matters.
Approved Purposes. Borrower will not use the proceeds of the Loan for any purpose except for Approved Purposes. Until payment and performance in full of the Indebtedness and Obligations, Borrower covenants and agrees that:
Approved Purposes. The 'Approved Purposes' are purposes that are principally related to:
(a) the provision of education and training in South Australia;
(b) the conduct or coordination of research in South Australia;
(c) supporting innovation in South Australia;
(d) the administration of the activities referred to in paragraphs (a) to (c);
(e) the provision of support or ancillary services to persons engaging in the activities referred to in paragraphs (a) to (c); and
(f) the doing of all things conducive to the achievement of the activities referred to in paragraphs (a) to (c), (collectively, the Approved Purposes).
Approved Purposes in relation to the University, means the purposes of conducting the Research Project and
Approved Purposes. Borrowers shall use the principal of the Loan for the Approved Purposes. Each Borrower hereby acknowledges and agrees that the Approved Purpose of “working capital” (i) shall be used to pay a Borrower’s general and administrative expenses incurred in the ordinary course of business, and (ii) shall be consistent with such Borrower’s proposed business operations as approved by Lender. The Borrowers acknowledge and agree that each Borrower has been allocated portions of the principal of the Loan for certain Approved Purposes. No Borrower shall use principal of the Loan other than the principal which has been allocated to such Borrower.