Proceeds of the Notes Clause Samples
The "Proceeds of the Notes" clause defines how the funds raised from issuing notes are to be used by the issuer. Typically, this clause specifies the permitted purposes for which the proceeds can be applied, such as refinancing existing debt, funding specific projects, or covering general corporate expenses. By clearly outlining the allowed uses of the note proceeds, this clause ensures transparency for investors and helps prevent misuse of funds, thereby protecting the interests of all parties involved.
Proceeds of the Notes. The Company will use the proceeds of the Notes for the development, construction, equipping and operation of the Riviera Black Hawk (as defined in the Indenture) upon certain real property located in Black Hawk, Colorado (the "Property") and for certain other purposes described in the Indenture.
Proceeds of the Notes. The Issuer will not permit the proceeds of the Notes to be used for any purpose other than those permitted by Section 7.23. No Note Party nor any Person acting on behalf of the Issuer has taken or will take any action which causes any of the Note Documents to violate Regulations T, U or X or any other regulation of the Board or to violate Section 7 of the Securities Exchange Act of 1934 or any rule or regulation thereunder, in each case as now in effect or as the same may hereinafter be in effect. If requested by the Agent or the Requisite Holders, the Issuer will furnish to the Agent and each Holder FR Form U-1 or such other form referred to in Regulation U, Regulation T or Regulation X of the Board, as the case may be. The Issuer will not issue any Note, and the Issuer shall not use, and shall procure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Note:
(a) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws,
(b) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country to the extent such activities, businesses or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or,
(c) in any manner that would result in the violation of any Sanctions applicable to any party hereto.
Proceeds of the Notes. The Partnership intends to use the --------------------- proceeds of the Notes for the development, construction, equipping and operation of the Shreveport Resort (as defined in the Indenture) upon certain real property located in Shreveport, Louisiana (the "Property") and for certain other purposes described in the Indenture.
Proceeds of the Notes. The net proceeds of the issue of the Initial Class A Notes will amount to U.S.$ 1,128,000,000 and the net proceeds of the issue of the Initial Class B Notes will amount to U.S.$ 59,400,000. The Issuer will apply the proceeds of the issue of the Initial U.S. Dollar Notes and the proceeds of sale of all non-U.S. Dollar denominated Collateral Bonds on the Refinancing Closing Date solely towards (i) the refinancing of the Collateral Bonds denominated in U.S. Dollar held by it (or the Custodian (or its sub-custodian) on its behalf)) after such sale, by payment under certain swap transactions on the Refinancing Closing Date between the Issuer and DEPFA BANK plc as counterparty and application of the proceeds in euro received by the Issuer thereunder towards discharge in accordance with the Redemption Notes Payments Priorities of all of the Issuer's obligations to its creditors referred to in such Redemption Notes Payments Priorities as at the Refinancing Closing Date and (ii) the purchase of the SI Collateral Bond (which is intended to occur in the context of the refinancing process rather than in the context of managing the Collateral Bond Portfolio) at its then current market value, such market value taking into account the Collateral Swap Transaction to be entered into by the Issuer in respect of such SI Collateral Bond (but the sum of (i) and (ii) not exceeding the net proceeds of the Initial U.S. Dollar Notes on the Refinancing Closing Date). Any balance on the Refinancing Closing Date will remain in the Principal Ledger of the Payment Account. The total expenses relating to the admission of the Initial U.S. Dollar Notes to trading on the Irish Stock Exchange's regulated market and the listing on the Irish Stock Exchange will amount to approximately € 3,285
Proceeds of the Notes. None of the proceeds of the Notes will be used in any manner or for any purpose except in the manner and for the purposes authorized by Texas law, this Agreement, and the Ordinance. The City shall not use the proceeds of the Notes, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the Board of Governors of the Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, in each case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the Board of Governors of the Federal Reserve System.