Purpose and utilisation Sample Clauses

Purpose and utilisation. 2.3.1 The net proceeds from the Initial Bonds (net of legal costs, fees of the Managers and the Bond Trustee and any other agreed costs and expenses) shall be applied to (i) finance future growth of the Group and (ii) for the general corporate purposes of the Group.
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Purpose and utilisation. 2.3.1 The net proceeds from the Initial Bonds (net of legal costs, fees of the Managers and the Bond Trustee and any other agreed costs and expenses) shall be applied partly for the purpose of buying back bonds issued by the Issuer in 20 12 in the bond issue described as "FRN Ocean Yield AS Senior Unsecured Callable Bond Issue 20 1 2/201 7" (ISIN NO 001 0654379), and partly for the general corporate purposes ofthe Group.

Related to Purpose and utilisation

  • PURPOSE AND SCOPE OF AGREEMENT 1.01 The purpose of this Agreement is to maintain harmonious and mutually beneficial relationships between the Employer, the Union and the employees and to set forth herein certain terms and conditions of employment upon which agreement has been reached through collective bargaining.

  • Conditions Precedent The effectiveness of this Amendment is subject to the satisfaction of all of the following conditions precedent:

  • Purpose and Scope (a) The purpose of these standard contractual clauses is to ensure compliance with the requirements of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation)1 for the transfer of personal data to a third country.

  • Conditions Precedent to Disbursement Agency’s obligation to disburse Grant Funds to Grantee under this Grant is subject to satisfaction of each of the following conditions precedent:

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