Purpose and Use of Funds Sample Clauses

Purpose and Use of Funds. All amounts borrowed under the Facility shall be used by Borrower for (i) working capital and other general corporate purposes, (ii) the acquisition of equipment, in the ordinary course of Borrower’s business, and (iii) dividend of amounts to EWC GP and EWC LP, which shall in turn dividend such amounts to Parent for the purposes provided in paragraph 7.30.
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Purpose and Use of Funds. The Term Facility shall be used for the following purpose: Refinancing of existing indebtedness.
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Purpose and Use of Funds. All amounts borrowed under the Revolving Facility shall be used to refinance existing indebtedness and for working capital and other corporate purposes in the ordinary course of business.
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Purpose and Use of Funds. In the event that Battelle Memorial Institute (“Battelle”) has not signed and delivered a lease amendment prior to the Closing Date evidencing its renewal of its current lease for approximately 33,182 rentable square feet in the Building (the “Battelle Space”), as such lease is described more fully on Exhibit B hereto (the “Battelle Lease”), and which renewal is for a term of at least five (5) additional years beyond the current November 30, 2006 expiration date of the Battelle Lease and is on the Proforma Renewal Terms (hereinafter defined) (a “Qualified Battelle Renewal”), then at Closing (hereinafter defined) there shall be a holdback from the Purchase Price otherwise payable to Seller in an original principal amount equal $1,600,000 (the “Battelle Holdback Escrow”). Such $1,600,000 Purchase Price holdback amount, plus any interest earned thereon (collectively, the “Battelle Holdback Fund”) may be applied by Purchaser, in accordance with the procedure set forth in subsection 2.4 (ii) below, toward any reduction in the economic benefits to Purchaser arising from any period of non-payment of rent after December 1, 2006, a shortfall in the rentable area leased, any reduction in the renewal or releasing term length, leasing commissions or tenant improvement allowance amounts paid or incurred, a base rent shortfall and/or an operating expense reimbursement shortfall arising from an Expense Stop later than 2002 or from in-premises cleaning or utilities not being paid directly by Tenant to providers or not being reimbursed in full, rather than over an expense stop (an “Economic Benefits Reduction”) from a renewal transaction with Battelle that is not a Qualified Battelle Renewal or from a re-leasing of the Battelle Space to a tenant or tenants other than Battelle as compared to the economic benefits to Purchaser of a Qualified Battelle Renewal. For purposes of this Agreement, the “Proforma Renewal Terms” are collectively as follows:
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Purpose and Use of Funds. The CARES Act makes clear that grant funds are for ADDITIONAL costs associated with the national emergency related to coronavirus and are to be spent “to prevent, prepare for, and respond to coronavirus, domestically or internationally, for the 2020 Federal election cycle.” Additional costs are those incurred outside of the jurisdiction’s budgeted costs for the 2020 federal elections or those costs that are solely incurred due to the pandemic. For the purpose of this subgrant, those allowable uses span the period January 20, 2020 through November 30, 2020 and include the seven following categories:
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Purpose and Use of Funds. 2.1 The purpose of InfraCo Africa is as set out in Clause 2 of the InfraCo Africa Funders’ Agreement dated 28 July 2009.‌
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Related to Purpose and 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;

  • Provision of Funds (a) GMAC agrees to contribute and deposit in the Certificate Account on behalf of Residential Funding (or otherwise provide to Residential Funding, or to cause to be made available to Residential Funding), either directly or through a subsidiary, in any case prior to the related Distribution Date, such moneys as may be required by Residential Funding to perform its Subordinate Certificate Loss Obligation when and as the same arises from time to time upon the demand of the Trustee in accordance with Section 12.01 of the Servicing Agreement.

  • Purpose of Agreement 1.01 The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the employees and the Union, to set forth certain terms and conditions of employment relating to pay, hours of work, employee benefits, and general working conditions affecting employees covered by this Agreement and to ensure that all reasonable measures are provided for the safety and occupational health of the employees.

  • 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).

  • 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:

  • General Provisions Relating to Transfers and Exchanges (1) To permit registrations of transfers and exchanges, the Company will execute and the Trustee will authenticate Global Notes and Definitive Notes upon receipt of an Authentication Order in accordance with Section 2.02 hereof or at the Registrar’s request.

  • Collection of Funds Except as permitted under this Indenture, the Indenture Trustee may demand payment or delivery of, and will receive and collect, directly the funds and other property payable to or to be received by the Indenture Trustee under this Indenture and the Sale and Servicing Agreement. The Indenture Trustee will apply the funds and other property received by it, and will make deposits to, and distributions from, the Bank Accounts, under this Indenture and the Sale and Servicing Agreement.

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