Funds Advanced. Funds shall be spent (in accordance with Sections 3 and 4) or transferred (in accordance with Sections 5.3 or 5.4) within five (5) years after the end of the year in which Funds were received. Unexpended Funds shall not be retained beyond such five (5) year period without the documented consent of AMO. AMO reserves the right to declare that unexpended Funds after five (5) years become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.
Funds Advanced. Funds transferred by AMO to the Recipient shall be expended by the Recipient in respect of Eligible Costs. AMO reserves the right to declare that Unspent Funds after March 31, 2020 become a debt to Ontario which the Recipient will reimburse forthwith on demand to AMO for transmission to Ontario.
Funds Advanced. Each Advance shall be made by Lender by wire transfer to such checking account of Borrower as specified to Lender in writing or as provided in Section 2.14.
Funds Advanced. Each Future Advance made directly to Borrower shall be made by Administrative Agent by wire transfer (or other transfer) to an account designated by Borrower. All proceeds of all Future Advances shall be used by Borrower only for the purposes for which such Future Advances were made or as otherwise may be permitted or required herein.
Funds Advanced. Each Advance shall be made by Lender by wire transfer to such checking account of Borrower as specified to Lender in writing or as provided in Section 2.14.4 below. All proceeds of all Advances shall be used by Borrower only for the purposes for which such Advances were made. Borrower shall not commingle such funds with other funds of Borrower.
Funds Advanced. Each Advance shall be made by Agent by wire transfer to Borrower's Designated Account or as provided in Section 2.
Funds Advanced. If any Drawstop Notice has been issued, funds delivered to the Administrative Agent in its capacity as the Collateral Agent pursuant to Section 2.4.1(b) shall not be applied and shall be returned promptly to the respective Credit Parties.
Funds Advanced. 32 2.10.6 Direct Advances to Third Parties........................................................... 32 2.10.7 Intentionally Omitted...................................................................... 32 2.10.8 Advances Do Not Constitute a Waiver........................................................ 32 2.10.9 Intentionally Omitted...................................................................... 32 2.10.10 Intentionally Omitted...................................................................... 32 2.10.11 Advances and Disbursements Under Completion Guaranty....................................... 32
Funds Advanced. Any funds advanced by either Party in the carrying out of this Agreement shall be immediately reimbursed to the Party incurring the expense through either Universal investment and/or capital provided by AmericaTowne, and/or a working capital account.
Funds Advanced. The Company irrevocably authorizes the Trustee to make an Advance from the Project Fund for any sums requisitioned under this Agreement in accordance with the Indenture.
