LIMITATIONS ON USE OF TRUST MONIES Sample Clauses

LIMITATIONS ON USE OF TRUST MONIES. Prior to the Shortfall Acres Acquisition Date: (a) the Trustees shall not mortgage, pledge, hypothecate or in any way encumber that portion of the Trust Property in the Trust Account or any interest therein, for any purpose whatsoever and, except as may be specifically authorized in the Trust Agreement, the Trustees shall not lend, invest, release, distribute or advance the Trust Property; and (b) except as may have been otherwise agreed pursuant to section 4.12, the Band shall not pledge, hypothecate, encumber or in any way deal with any Entitlement Monies that are on deposit in, or become due, are accruing due, or at any time become payable from Canada or the Treaty Land Entitlement (Saskatchewan) Fund.
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LIMITATIONS ON USE OF TRUST MONIES. Prior to the Band's Shortfall Acres Acquisition Date the Trustees shall not mortgage, pledge, hypothecate or in any way encumber that portion of the Trust Property in the Trust Account or any interest therein, for any purpose whatsoever and, except as may be specifically authorized in the Trust Agreement, the Trustees shall not lend, invest, release, distribute or advance the Trust Property.
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LIMITATIONS ON USE OF TRUST MONIES. Prior to an Entitlement Band's Shortfall Acres Acquisition Date: (a) the Trustees shall not mortgage, pledge, hypothecate or in any way encumber that portion of the Trust Property in the Trust Account or any interest therein, for any purpose whatsoever and, except as may be specifically authorized in the Trust Agreement, the Trustees shall not lend, invest, release, distribute or advance the Trust Property; and (b) except as may have been otherwise agreed pursuant to section 4.12, the Band shall not pledge, hypothecate, encumber or in any way deal with any Entitlement Monies that are on deposit in, or become due, are accruing due, or at any time become payable from, Canada or the Treaty Land Entitlement (Saskatchewan) Fund.
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Related to LIMITATIONS ON USE OF TRUST MONIES

  • Limitations on Use No part of the moneys delivered to the Recipient pursuant to Section II hereof is being or will be used to refinance, retire, redeem, or otherwise pay debt service on all or any part of any part of any governmental obligations regardless of whether the interest on such obligations is or was excluded from gross income for federal income tax purposes unless prior approval by the Director is given.

  • Application of Trust Money The Trustee shall hold in trust money or U.S. Government Obligations deposited with it pursuant to this Article 8. It shall apply the deposited money and the money from U.S. Government Obligations through the Paying Agent and in accordance with this Indenture to the payment of principal of and interest on the Securities.

  • Limitations on Use of Information The Fund agrees not to use the information received for marketing or any other similar purpose without the prior written consent of the Intermediary.

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