IMPROPER USE OF FUNDS Sample Clauses

IMPROPER USE OF FUNDS. Where either the Department or the FHWA determines that the funds paid to the Municipality for this Project are not used in accordance with the terms of this Agreement, the Department will bill the Municipality.
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IMPROPER USE OF FUNDS. Ineffective or improper use of funds provided under this Agreement; or
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IMPROPER USE OF FUNDS. None of the funds, materials, property, and/or services provided by ABPP under this Contract (or provided under any ABPP contract) will be used for publicity or propaganda purposes concerning state or federal statutes; legislation pending before the state legislature or federal congress; or regulations of federal, state, or local governments. None of the funds, materials, property, and/or services provided directly or indirectly under this or any ABPP contract shall be used for any partisan political activity or to further the election or defeat of any candidate for public office.
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IMPROPER USE OF FUNDS. WWC agrees that it will not use any funds received under this Agreement for illegal or otherwise improper purposes. An improper purpose would include, for example, payment of commissions, fees or rebates to an employee of WWI and/or favoring such employee with gifts of entertainment of significant cost or value. If WWI has reasonable cause to believe that the provisions of this section have been violated, WWC agrees to provide WWI, upon written request to WWC, access to sufficient records and information to allow WWI to ensure compliance with the provisions of this section.
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IMPROPER USE OF FUNDS. In the event the City determines that any funds were expended by the Access Manager for unauthorized or ineligible purposes or constitute disallowed costs, the City shall notify Access Manager and order repayment of the same. Access Manager shall remit the same to the City within thirty (30) days.
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IMPROPER USE OF FUNDS. 7.1 The KDOC&H is providing moneys to the Company, for the expressed purpose as identified in Section 6.1. Any other use of these moneys is prohibited.
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IMPROPER USE OF FUNDS. 7.1 Commerce is providing moneys to the Partnership, for the expressed purpose as identified in Section 6.1. Any other use of these moneys is prohibited.
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IMPROPER USE OF FUNDS. The management of the Implementing partner is responsible for preventing, detecting, and taking action regarding any corruption or fraudulent behaviour in the organisation. If irregularities or corruption is suspected in a project financed by this agreement, the Implementing partner is compelled to inform [YYY] without delay. Planned disbursements can be withheld. Ultimately the Implementing partner carries the risks and consequences thereof.
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IMPROPER USE OF FUNDS. The management of the Implementing partner is responsible for preventing, detecting, and taking action regarding any corruption or fraudulent behaviour in the organisation. If irregularities or corruption is suspected in a project financed by this agreement, the Implementing partner is compelled to inform [YYY] without delay. Planned disbursements can be withheld. Ultimately the Implementing partner carries the risks and consequences. The Co-operation Partner must review and confirm that partners/suppliers are not included in the European Union's list of persons, groups and organisations subject to financial sanctions (EU sanctions list). This review must be documented. GENERAL RIGHT TO WITHHOLD FUNDS [YYY] reserves the right to withhold new or pending funds if the conditions of this Co-operation Agreement are not complied with. In case the Implementing partner fails to submit complete reports according to the requirements for reporting and audit stated in this Agreement, [YYY] is entitled to withhold the second and third transfer of the project allocation until complete and satisfactory reports and audits, signed by authorized signatories, have been approved in the stipulated time. The Co-operation Partner must review and confirm that partners/suppliers are not included in the European Union's list of persons, groups and organisations subject to financial sanctions (EU sanctions list).This review must be documented. REPAYMENT OBLIGATIONS As a rule, all project balances must be repaid to [YYY].
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Related to IMPROPER USE OF FUNDS

  • Use of Funds Grantee shall expend funds under this Contract only for approved services and for reasonable and allowable expenses directly related to those services.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

  • Release of Funds On the Redemption Date, the outstanding Note Balance of the Notes plus accrued and unpaid interest on the Notes will become due and payable and that interest on the Notes will cease to accrue from and after the Redemption Date, unless the Issuer fails to pay the Notes on the Redemption Date. On redemption, the Indenture Trustee will release the Collateral from the Lien of this Indenture and release to the Issuer or any other Person entitled to funds then in the Bank Accounts under this Indenture according to Section 8.4(c).

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