Restrictions on Use of Funds. Generally: Subrecipient is prohibited from using funds subject to this Agreement or personnel employed in the administration of the Program for: political activities; inherently religious activities; lobbying; political patronage; and nepotism activities.
Restrictions on Use of Funds. 24.1 With the exception of any money paid by the OCOG to Vancouver in respect of the construction of the permanent facilities in the Vancouver Olympic Village Agreement, unless otherwise consented to in writing or as expressly set out in this Agreement, no monies received by the OCOG from a Government Party under this Agreement or subsequent detailed agreements, are to be used, directly or indirectly, to reimburse another Party other than the OCOG for any of the costs, incremental or otherwise, which may be incurred by a Party other than the OCOG in connection with the Games.
24.2 All interest on funds provided to the OCOG by a Party and held by the OCOG will be added to the OCOG’s revenues as earned income and attributed to the appropriate Operating Budget or Capital Budget.
Restrictions on Use of Funds. The Contracting Party is restricted on the use of funds, and shall not transfer the funds to Mainland Capital (including people, legal persons, organizations or their institutions in the Mainland, and including their overseas companies and investments) or use the funds in such. The funds shall not be used to reimburse the credit card balance of the company’s executive, his spouse, or others.
Restrictions on Use of Funds. You agree not to use your Loan to finance the purchase of margin stock (as defined by Regulation U) or to pay obligations incurred in the purchase of such securities.
Restrictions on Use of Funds i. The Company covenants and agrees that the proceeds which the Company receives from the Convertible Note will be first applied to pay in full the indebtedness of the Company to Crestmark Bank under the Loan Agreement dated November 20, 1998, by and between the Company and Crestmark Bank, as amended (the "Crestmark Loan Agreement") and the purchase of the Bank One Loan Documents. For purposes of this Section 5(d), the balance of the Convertible Note proceeds, less the amount necessary to (1) purchase the Bank One Loan Documents, (2) pay off amount due under the Crestmark Loan and (3) pay closing costs for this transaction, is referred to as the "Net Proceeds".
ii. The Company covenants and agrees that it will not use the Net Proceeds which the Company receives from the Convertible Note for any purpose EXCEPT in connection with the development of a restaurant site in Grapevine, Texas (the "Grapevine Restaurant").
iii. The Company covenants and agrees that the Net Proceeds which the Company receives from the Convertible Note will be used for the Grapevine Restaurant, in accordance with SCHEDULE 5(d) unless otherwise approved by Subscriber, in Subscriber's sole and absolute discretion which consent will not be unreasonably withheld.
Restrictions on Use of Funds. (1) In connection with the activities to be funded under this grant, your organization acknowledges that it is responsible for complying with all relevant laws and regulations of the countries in which such activities are conducted.
(2) Your organization agrees that no Foundation grant funds will be used for any of the following purposes:
(a) To carry on propaganda, or otherwise to attempt to influence any legislation (within the meaning of Section 4945(d)(1) of the United States Internal Revenue Code (“Tax Code”));
(b) To influence the outcome of any specific public election or to carry on, directly or indirectly, any voter registration drive (within the meaning of Section 4945(d)(2) of the Tax Code);
(c) To undertake any activity for any purpose other than one specified in Section 170(c)(2)(B) of the Tax Code;
(d) To offer or provide money, gifts, or any other things of value, directly or indirectly, to anyone in order to improperly influence any act or decision relating to the Foundation or the project, including by assisting any party to secure an improper advantage in violation of the Foreign Corrupt Practices Act or similar laws of the countries in which the grantee operates;
(e) To use directly or indirectly to assist in, sponsor, or provide support for acts of terrorism or to support organizations or persons listed as terrorists on lists maintained by the United States government, the United Nations, the European Union, and other entities (each, a “Prohibited Party”); or
(f) To use in or with respect to countries or individuals under sanctions by the U.S. government, including prohibited travel to and from those countries, or for the unauthorized provision of funds or services to any person, entity, or organization from those countries. Attachment A and Attachment B are summaries of the types of activities prohibited under Section 4945 of the United States Internal Revenue Code.
(3) Further, your organization agrees to provide the Foundation such information as the Foundation may reasonably request, including (a) information about persons or organizations that will or have received funds in connection with this grant and (b) information regarding the steps and procedures that your organization uses to ensure that grant funds are not used to pay a Prohibited Party either through regranting or by contract.
Restrictions on Use of Funds. Grantee acknowledges that it may not expend any Grant funds: (a) to carry on propaganda; (b) to influence legislation (i.e. lobbying activities); (c) to participate in any political campaign on behalf of or in opposition to any candidate for public office (i.e. political campaign activities); (d) to make grants to individuals for travel or study; or (e) for any purpose other than one specified in Section 170(c)(2)(b) of the Code.
Restrictions on Use of Funds. The Grant Amount funds and any interest earned thereon shall not be used:
a. To carry on propaganda or otherwise attempt to influence legislation (within the meaning of section 4945(d)(1) of the Internal Revenue Code (Tax Code”));
b. To influence the outcome of any specific public election or to carry on, directly or indirectly, any voter registration drive (within the meaning of Section 4945(d)(2) of the Tax Code);
c. To participate or intervene in any political campaign on behalf of (or in opposition to) any candidate for public offce (within the meaning of section 4945(d)(2) of the Code);
d. To undertake any activity for any purpose other than a charitable, educational, scientific or literary purpose (as such terms are defined in section 170(c)(2)(B) of the Code);
e. To make any grant, loan, compensation, or similar payment constituting an “excess benefit transaction” described in section 4958 of the Tax Code;
f. To make any grants to individuals or organizations (unless approved in writing by the CS);
g. To make payments to cover debts, liabilities, or expenses unrelated to the proposed grant activities;
h. To make any payments that would be illegal under local, state or federal law;
i. To conduct transactions that involve conflicts of interest, self-dealing, and/or private inurement; or
j. To finance past or potential future litigation.
Restrictions on Use of Funds. 1. The funds provided are subject to the CDBG Regulations found under 24 C.F.R. Part 570.
2. The funds provided are subject to the federal government's Office of Management and Budget regulations under 2 CFR Part 200 that provide uniform grant guidance on the use of these funds and the responsibilities.
3. The Architect shall be subject to the record keeping requirements of 24 CFR §570.506, in addition to the uniform administrative requirements described under 24 CFR §570.502.
Restrictions on Use of Funds. The Secretary may close or realign facilities of the Veterans Health Administration under this subtitle without regard to any provision of law restricting the use of funds for closing or realigning facilities of the Veterans Health Administration included in any appropriation or au- thorization Act.
