Misapplication or Misappropriation of Funds. Borrower’s misapplication or misappropriation of (a) Reserve Funds, funds disbursed from the Reserve Funds, or any proceeds of the Loan disbursed pursuant to Section 2.6, or (b) security deposits in violation of the Leases.
Misapplication or Misappropriation of Funds. Xxxxxxxx’s misapplication or misappropriation of security deposits in violation of the Leases and/or Operating Revenues.
Misapplication or Misappropriation of Funds. Borrower’s intentional misuse of funds disbursed from any reserve account, except to the extent that such intentional misuse of funds is caused by any employee of the Borrower or its Affiliates and (a) such funds are replaced within twenty (20) days after the earlier of the date on which Borrower has notice of the misuse or the date on which Agent gives written notice thereof to Borrower, and (b) such employee is promptly terminated.
Misapplication or Misappropriation of Funds. J. In accordance with Government Auditing Standards, as part of planning of the audit the Firm will evaluate whether the Agency has taken appropriate corrective action to address findings and recommendations from previous engagements that could have a material effect on the financial statements. To assist the Firm, management of the Agency agrees to identify previous audits, attestation engagements, or other studies that relate to the objectives of the audit, including whether related recommendations have been implemented.
