PROHIBITED EXPENSES Sample Clauses

PROHIBITED EXPENSES. Grant Funds may not be used for the purchase of land, construction of new facilities, or major renovations to any building or facility.
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PROHIBITED EXPENSES. Grant Funds may not be used for the purchase of land, construction of new facilities, or major renovations to any building or facility. REPORTING REQUIREMENTS Grantee must submit Monthly Expenditure and Activity Reports to the Agency. Grantee must submit the Reports using templates provided by Agency on the first day of every month throughout the duration of the contract. If a report is not complete or not received by the required date, the report will be considered late and may result in the delay or withholding of future payments. Expenditure Reports for Allowable Expenses are required to document how the payments Grantee received were used. Activity Reports must provide a summary of the program-related activities to date. The Expenditure and Activity Reports must be sent by email to: XXX.Xxxxxx@xxxx.xxxxxx.xxx Each Report must be complete and satisfactory to Agency. Grantee must provide any additional information and supporting documents related to the reports upon request from the Agency. Agency will review the required reports and any requested supporting documentation. The Agency approval of those reports will be the method for verifying activities and proper expenditures under this Agreement. Upon review of Expenditure Reports, if the Agency determines grant funds were used for purposes that are in violation of one or more of the provisions of this Agreement (“Misexpended Funds”), grantee must repay the Misexpended Funds to the Agency. The Agency, in its sole discretion, may recover Misexpended by withholding from payments due to Grantee such amounts, over such periods of time, as are necessary to recover the amount of the misexpended funds. If Grantee objects to the withholding or the amount proposed to be withheld, Grantee must promptly notify the Agency in writing that it wishes to engage in resolution of dispute in accordance with Section 13 of this Agreement. If the Agency determines, after the distribution of Payment #3, any grant funds disbursed to Grantee under this agreement that are disbursed but unexpended as of the Expiration Date or Misexpended Funds must be returned to the Agency. Grantee must return funds no later than 30 days after the earlier expiration or termination of this Agreement. The Grantee will be responsible for all collection costs, interest and penalties associated with the recovery of funds. The Grantee must submit a final expenditure and activity report within thirty (30) days of the termination or expiration of this A...
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PROHIBITED EXPENSES. Managing General Agent shall not charge or commit Company to any expense, agreement, payment, debt, settlement, or obligation other than as expressly provided for herein.
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PROHIBITED EXPENSES. The Agency shall not charge or commit Company to any expense, agreement, payment, debt, settlement, or obligation other than as expressly provided for herein.
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PROHIBITED EXPENSES. Schedule 5.8..............................................
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PROHIBITED EXPENSES. Grant Funds may not be used for the purchase of land, construction of new facilities, or major renovations to any building or facility. REPORTING REQUIREMENTS Grantee must submit Monthly Expenditure and Activity Reports to the Agency. Grantee must submit the Reports using templates provided by Agency on the tenth day of every month throughout the duration of the Agreement. If a report is not complete or not received by the required date, the report will be considered late and may result in the delay or withholding of future payments. Expenditure Reports for Allowable Expenses are required to document how the payments Grantee received were used. Activity Reports must provide a summary of the Grant Activities to date. The Expenditure and Activity Reports must be entered into the online BOLI Grant Portal. Each Report must be complete and satisfactory to Agency. Grantee must provide any additional information and supporting documents related to the reports upon request from the Agency. Agency will review the required reports and any requested supporting documentation. Agency approval of those reports will be the method for verifying Grant Activities and proper expenditures under this Agreement. Grantee must submit a final expenditure and activity report within thirty (30) days of the termination or expiration of this Agreement, whichever is earlier on an Agency provided template. The final expenditure and activity report must include:
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PROHIBITED EXPENSES. No Agreement payments under this Agreement may be used for the following items: computers, phone systems, or other significant equipment; fundraising expenses; fees or dues to a statewide, national, or international organization; depreciation on buildings or equipment; interest payments; or out of town travel expenses that are unreasonable or unnecessary for the funded services to be provided by The Success Academy.
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PROHIBITED EXPENSES. 1) Fines, forfeitures or penalties of a University employee may not be paid.
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PROHIBITED EXPENSES. No grant payments under this Agreement may be used for the following items: travel, lodging and meal expenses related to trainings or conferences outside of Oregon/Washington (unless required program training; capital expenditures such as land, buildings and equipment; fundraising expenses; fees or dues to a statewide, national, or international organization (unless required for usage of a curriculum for the program).
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Related to PROHIBITED EXPENSES

  • Prohibited Payments The following types of payments are prohibited through the Service, and we have the right but not the obligation to monitor for, block, cancel and/or reverse such payments:

  • Prohibited Contracts Other than those listed on Schedule 7.11:

  • Company Expenses Subject to the limitations described below, the Company agrees to pay all costs and expenses incident to the Offering, whether or not the transactions contemplated hereunder are consummated or this Agreement is terminated, including expenses, fees and taxes in connection with: (a) the registration fee, the preparation and filing of the Registration Statement (including without limitation financial statements, exhibits, schedules and consents), the Prospectus, and any amendments or supplements thereto, and the printing and furnishing of copies of each thereof to the Dealer Manager and to Participating Dealers (including costs of mailing and shipment); (b) the preparation, issuance and delivery of certificates, if any, for the Offered Shares, including any stock or other transfer taxes or duties payable upon the sale of the Offered Shares; (c) all fees and expenses of the Company’s legal counsel, independent public or certified public accountants and other advisors; (d) the qualification of the Offered Shares for offering and sale under state laws in the states, including the Qualified Jurisdictions, that the Company shall designate as appropriate and the determination of their eligibility for sale under state law as aforesaid and the printing and furnishing of copies of blue sky surveys; (e) filing for review by FINRA of all necessary documents and information relating to the Offering and the Offered Shares (including the reasonable legal fees and filing fees and other disbursements of counsel relating thereto); (f) the fees and expenses of any transfer agent or registrar for the Offered Shares and miscellaneous expenses referred to in the Registration Statement; (g) all costs and expenses incident to the travel and accommodation of the Advisor’s personnel, and the personnel of any sub-advisor designated by the Advisor and acting on behalf of the Company, in making road show presentations and presentations to Participating Dealers and other broker-dealers and financial advisors with respect to the offering of the Offered Shares; and (h) the performance of the Company’s other obligations hereunder. Notwithstanding the foregoing, the Company shall not directly pay, or reimburse the Advisor for, the costs and expenses described in this Section 3.1 if the payment or reimbursement of such expenses would cause the aggregate of the Company’s “organization and offering expenses” as defined by FINRA Rule 2310 (including the Company expenses paid or reimbursed pursuant to this Section 3.1, all items of underwriting compensation including Dealer Manager expenses described in Section 3.2 and due diligence expenses described in Section 3.3) to exceed 15.0% of the gross proceeds from the sale of the Primary Shares.

  • Prohibited Payments, Etc Except during the continuance of a Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive regularly scheduled payments or payments made in the ordinary course of business from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless required pursuant to Section 7.07(d), no Guarantor shall demand, accept or take any action to collect any payment on account of the Subordinated Obligations.

  • Excess Expenses If the expenses for any Portfolio for any fiscal year (including fees and other amounts payable to the Adviser, but excluding interest, taxes, brokerage costs, litigation, and other extraordinary costs) as calculated every business day would exceed the expense limitations imposed on investment companies by any applicable statute or regulatory authority of any jurisdiction in which shares of a Portfolio are qualified for offer and sale, the Adviser shall bear such excess cost. However, the Adviser will not bear expenses of any Portfolio which would result in the Portfolio's inability to qualify as a regulated investment company under provisions of the Internal Revenue Code. Payment of expenses by the Adviser pursuant to this Section 5 shall be settled on a monthly basis (subject to fiscal year end reconciliation) by a reduction in the fee payable to the Adviser for such month pursuant to Section 3 and, if such reduction shall be insufficient to offset such expenses, by reimbursing the Trust.

  • Prohibited Activities You may not access or use the Site for any purpose other than that for which we make the Site available. The Site may not be used in connection with any commercial endeavors except those that are specifically endorsed or approved by us. As a user of the Site, you agree not to:

  • Prohibited Actions The Company agrees that it will not take any action which would entitle the Warrantholder to an adjustment of the Exercise Price if the total number of shares of Common Stock issuable after such action upon exercise of this Warrant, together with all shares of Common Stock then outstanding and all shares of Common Stock then issuable upon the exercise of all outstanding options, warrants, conversion and other rights, would exceed the total number of shares of Common Stock then authorized by its Charter.

  • Prohibited Persons Neither Purchaser, nor any Affiliate of Purchaser nor any Person that directly or indirectly owns 10% or more the outstanding equity in Purchaser (collectively, the “Purchaser Persons”), is, or has been determined by the U.S. Secretary of the Treasury to be acting on behalf of, a Blocked Person, or has otherwise been designated as a Person (i) with whom an entity organized under the laws of the United States is prohibited from entering into transactions or (ii) from whom such an entity is prohibited from receiving money or other property or interests in property, pursuant to the Executive Order or otherwise. In addition, no Purchaser Person is located in, or operating from, a country subject to U.S. economic sanctions administered by OFAC.

  • Fees, Expenses and Reimbursement (a) So long as the Administrator provides Administrative Services to the Company, it shall be entitled to receive reasonable and customary fees for such services as well as out-of-pocket expenses as may be agreed to by the Administrator and the Company pursuant to a separate written agreement.

  • Prohibited Person New Borrower warrants and represents, after review of the website identified below, that neither New Borrower nor Principal nor any of their respective officers or directors is an entity or person (i) that is listed in the Annex to, or is otherwise subject to the provisions of, Executive Order 13224, issued on September 24, 2001 (“EO13224“), (ii) whose name appears on the United States Treasury Department’s Office of Foreign Assets Control (“OFAC“) most current list of “Specifically Designated Nationals and Blocked Persons“ (which list may be published from time to time in various media including but not limited to, the OFAC website, hxxx://xxx.xxxxx.xxx/xxxxxxx/enforcement/ofac/sdn/t11sdn.pdf, (iii) who commits, threatens to commit or supports “terrorism“, as that term is defined in EO13224, or (iv) who, to the knowledge of New Borrower, is otherwise affiliated with any entity or person listed above (any and all parties or persons described in clauses [i] – [iv] above are herein referred to as a “Prohibited Person“). New Borrower covenants and agrees that neither New Borrower nor Principal nor any of their respective officers or directors will (a) knowingly conduct any business, or engage in any transaction or dealing, with any Prohibited Person, including, but not limited to, the making or receiving of any contribution of funds, goods, or services, to or for the benefit of a Prohibited Person, or (b) knowingly engage in or conspire to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in EO13224. New Borrower further covenants and agrees to deliver (from time to time) to Lender any such certification as may be requested by Lender in its reasonable discretion, confirming that, based on reasonable inquiry (x) neither New Borrower nor Principal nor any of their respective officers or directors is a Prohibited Person and (y) neither New Borrower nor Principal nor any of their respective officers or directors has (a) knowingly conducted any business, or engaged in any transaction or dealing, with any Prohibited Person, including, but not limited to, the making or receiving of any contribution of funds, goods, or services, to or for the benefit of a Prohibited Person or (b) knowingly engaged in or conspired to engage in any transaction that evaded or avoided, or had the purpose of evading or avoiding, or attempted to violate, any of the prohibitions set forth in EO13224.

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