Usage of Funds Sample Clauses

Usage of Funds. County must hire as many FTEs as possible per the funding allocated within the Workload Model. County shall employ and provide training for all employees and meet the requirements documented in this Agreement, Oregon Revised Statutes, and Oregon Administrative Rules. County shall operate their CDDP within the applicable federal and state rules, regulations, and the terms of this Agreement. All funds received by the County must be used exclusively for the purposes of conducting DD Services.
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Usage of Funds. Such funds may be utilized for the following purposes, without limitation unless otherwise noted:
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Usage of Funds. 1. The estimate of the net total of funds that will be received by the applicant or offeror as a result from the offering shall be submitted, as well as a detail of the same in relation to the intended use for each one. Indicate the priority order for the usage of funds and if the estimated funds were not sufficient for the intended purposes, the amounts and sources of other funds required shall be indicated. If the applicant or offeror has no specific plans for the funds, explain the main reasons of the offering. 2. If the funds will be directly or indirectly used to acquire assets, apart from those related to the regular business of the applicant (apart from those mentioned in Section III-D-1), describe such assets and their costs. If the assets will be purchased from affiliated, subsidiary or controlling companies, or from their Directors, Officers, Executives or Shareholders, disclose the identity of the person from whom they will be purchased, how the cost will be determined for the applicant and the persons who will receive certain amount, commissions or other sums for those acquisitions. 3. If the funds may or will be used to finance the acquisition of businesses or juridical persons, provide a detailed description of the said business or juridical persons and information about the status of such acquisitions. The Commission may request the additional information it deems necessary about the businesses or juridical persons to be acquired. 4. If more than twenty five per cent (25%) of the total offering will be used for debt repayment, identify the creditor (s), indicate the interest rate and the due date of said debt. 1 Numeral amended by Article 1 of Agreement No. 15-00 of August 28, 2000. If the debt that will be repaid was acquired within the previous year, describe the use given to the funds, when it is not a short term debt intended to be used as working capital. 2
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Usage of Funds. Lender reserves the right to decide the order and capital ratio of principal sum, interest rate, cost or other debts in any Line to be paid by all or partial funds from borrower.
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Usage of Funds. If funds are used in a way that differs from what has been agreed, the grant recipient has the right to reclaim the funds used inappropriately along with accrued interest. The partner organisation shall work actively to prevent, deter, discover and identify all forms of illegal or inappropriate handling or other misuse of funds. Where misuse of funds is suspected, the grant recipient may conduct a separate audit of the project. If misuse is detected the grant recipient must be informed without delay. A separate audit may be done. The parties shall provide a safe and healthy working environment and shall take reasonable steps to prevent accidents and injuries. Workplace violence, including threats, threatening behaviour, harassment, intimidation, assaults and similar conduct will not be tolerated. The parties shall strive for equal employment opportunities for all qualified individuals without distinction or discrimination. The parties shall work for that all employees shall treat one another with courtesy, dignity and respect, regardless of gender. Grant recipient must be contacted without delay if necessary. Activities within the project framework may be undertaken in the partnership countries eligible for funding (both in core countries and additional countries). In exceptional cases, speakers or experts from non-eligible countries may be used. Prior consent from SI is then needed. Granted funding may not be used to purchase equipment.
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Related to Usage of Funds

  • Distinction of Funds Notwithstanding any other provision of this Agreement, the parties agree that the assets and liabilities of each Fund of the Trust are separate and distinct from the assets and liabilities of each other Fund and that no Fund shall be liable or shall be charged for any debt, obligation or liability of any other Fund, whether arising under this Agreement or otherwise.

  • Use of Funds Grantee shall expend funds under this Grant Agreement only for approved services and for reasonable and allowable expenses directly related to those services.

  • 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).

  • 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.

  • Commingling of Funds So long as the Company is Servicer, any collections in respect of Contracts collected by the Company shall, prior to the deposit thereof in the Certificate Account, be held in bank accounts entitled substantially as follows: "[name of depository], as agent for U.S. Bank National Association as Trustee, other trustees, and Green Tree Financial Corporation, as their interests may appear."

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • 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, subject to the provisions of Sections 2.13 and 2.14, 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 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 and L/C Borrowings, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third held by them; Fourth, to (a) payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings and (b) Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Fourth held by them; and Last, the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by Law. Subject to Section 2.03(c) and Section 2.13, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

  • Retention of Funds Consultant hereby authorizes City to deduct from any amount payable to Consultant (whether or not arising out of this Agreement) (i) any amounts the payment of which may be in dispute hereunder or which are necessary to compensate City for any losses, costs, liabilities, or damages suffered by City, and (ii) all amounts for which City may be liable to third parties, by reason of Consultant’s acts or omissions in performing or failing to perform Consultant’s obligation under this Agreement. In the event that any claim is made by a third party, the amount or validity of which is disputed by Consultant, or any indebtedness shall exist which shall appear to be the basis for a claim of lien, City may withhold from any payment due, without liability for interest because of such withholding, an amount sufficient to cover such claim. The failure of City to exercise such right to deduct or to withhold shall not, however, affect the obligations of the Consultant to insure, indemnify, and protect City as elsewhere provided herein.

  • Return of Funds Contractor will return any overpayments due to unearned funds or funds disallowed pursuant to the terms of the Contract that were disbursed to the Contractor. The Contractor must return any overpayment within forty (40) calendar days after either discovery by the Contractor, its independent auditor, or notification by the Department or Customer of the overpayment.

  • Repayment of Funds If AMO declares that an Event of Default has not been cured to its exclusive satisfaction, AMO reserves the right to declare that prior payments of Funds become a debt to Canada which the Recipient will reimburse forthwith on demand to AMO for transmission to Canada.

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