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.
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 the Borrower for the purposes provided in paragraph 7.30.
(f) Paragraph 6.3 of the Credit Agreement is hereby amended to read as follows:
Purpose and Use of Funds. All amounts borrowed under the Facility shall be used by Borrower for working capital purposes or for the acquisition of equipment, in the ordinary course of Borrower's business.
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.
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:
(1) Renewal Date. A renewal term commencement date of December 1, 2006.
(2) Size. 33,182 rentable square feet.
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:
Purpose and Use of Funds. The Term Facility shall be used for the following purpose: Refinancing of existing indebtedness.
Purpose and Use of Funds. The aforementioned Recitals are true and 8 correct and incorporated herein by this reference. COUNTY has agreed to grant the 9 SUBRECIPIENT a maximum total amount of One Million Three 10 Hundred One Thousand Seven Hundred Seventy-Eight Dollars and Forty Cents 11 ($1,301,778.40) of the RCNAF ("Riverside County Contribution"). SUBRECIPIENT 12 promises and agrees to undertake and serve to support local nonprofits by utilizing the sum of 13 $1,301,778.40 of the SLFRF to provide technical support and assistance to RCNAF grant 14 recipients, as set forth in this Agreement and in Exhibit A, which is attached hereto and 15 incorporated herein by this reference.
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.
2.2 Subject to Clause 3, the PIDG Trust agrees to subscribe at £1 per InfraCo Africa Share for InfraCo Africa Shares for a maximum pro rated subscription price as set out in Schedule 1 (in which case InfraCo Africa agrees to allot such InfraCo Africa Shares to the PIDG Trust), which shall in no circumstances exceed the figure set out in Schedule 1 to this Agreement in respect of the relevant year (subject to the provisions of Clause 4.1).
2.3 Subject to Clause 2.4 below, the consideration received by InfraCo Africa pursuant to Clause 2.2 shall be used exclusively by InfraCo Africa (i) for the purpose set out in Clause 2.1, (ii) the Funding Instruments and (iii) as working capital in connection therewith in accordance with the relevant Subscription Request.
2.4 In respect of the Subscriptions of EUR 6.9 million made on 6 March 2012 and EUR 3.1 million made on 18 April 2012, the consideration received by InfraCo Africa shall be used exclusively for the purposes set out in the 2011 DGIS Grant Arrangement (as described in Clause 1.1.1 of this Agreement).
Purpose and Use of Funds. The aforementioned Recitals are true and 8 correct and incorporated herein by this reference. COUNTY has agreed to grant the 9 SUBRECIPIENT a maximum total amount of One Million Two 10 Hundred Seventy-Five Thousand Two Hundred Seventy-Eight Dollars and Forty Cents 11 ($1,275,278.40) of the RCNAF (“Riverside County Contribution”). SUBRECIPIENT 12 promises and agrees to undertake and serve to support local nonprofits by utilizing the sum of 13 $1,275,278.40 of the SLFRF to provide technical support and assistance to RCNAF grant 14 recipients, as set forth in this Agreement and in Exhibit A, which is attached hereto and 15 incorporated herein by this reference. 16 The Riverside County Contribution shall be used for only Eligible Uses under the ARPA 18 absolute discretion, that the Riverside County Contribution to the RCNAF is deemed fully 19 expended, in compliance with the ARPA Rules.
