Use of Available Funds Sample Clauses

Use of Available Funds. Unless Allergan agrees otherwise, ASTI agrees to expend all Available Funds for activities undertaken pursuant to this Agreement. Pending application of all Available Funds as set forth above, Available Funds shall be invested in securities issued or guaranteed as to principal and interest by the United States, or by a person controlled or supervised by or acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States, or any certificate of deposit for any of the foregoing, or any other types of high quality marketable investment securities that are proposed by ASTI and are approved by Allergan in its sole discretion.
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Use of Available Funds. Unless BioChem agrees otherwise, CliniChem agrees to expend the Available Funds only for activities undertaken pursuant to this Agreement, including the payments of fees to consultants or advisors in connection with the CliniChem Programs, and for payments due to BioChem or a BioChem Affiliate under this Agreement, the Technology License Agreement and the Services Agreement. Pending application of all Available Funds as set forth above, Available Funds shall be invested in interest-bearing, investment-grade securities.
Sample 1
Use of Available Funds. We intend to raise up to $150,000 from the sale of the 3,000,000 units of our securities that we propose to sell directly at $0.05 per unit. We may also receive up to $300,000 in gross proceeds from the exercise of share purchase warrants by the investors within two years of completion of this offering. This offering is made on a best efforts basis and there is no minimum. We have no intention to return to any investor any proceeds from the sale of any of these 3,000,0000 units if the maximum amount is not raised. We intend to use the proceeds for general working capital purposes. The following table shows how our company intends to use the proceeds from this offering if all of the 3,000,000 units are sold but the share purchase warrants are not exercised: Costs of this Offering $50,000 Accounting $10,000 Overhead and Miscellaneous Administrative Expenses $6,000 Legal Expenses $15,000 Marketing Expenses $20,000 Working Capital $49,000 Total $150,000
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Use of Available Funds. Unless ALZA agrees otherwise, ---------------------- Crescendo agrees to expend all Available Funds for activities undertaken pursuant to this Agreement. Pending application of all Available Funds as set forth above, Available Funds shall be invested in securities issued or guaranteed as to principal and interest by the United States, or by a person controlled or supervised by or acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States, or any certificate of deposit for any of the foregoing, or any other types of high quality marketable investment securities that are proposed by Crescendo and are approved by ALZA in its sole discretion.
Sample 1
Use of Available Funds. Any funds derived from incremental real estate taxes in connection with the Redevelopment Project Area not pledged to pay amounts due hereunder shall be used by the Village for such lawful purpose as may be directed by the Corporate Authorities.
Sample 1
Use of Available Funds. The following table discloses the funds that will be available as a result of the Offering:
Sample 1
Use of Available Funds. The Trust will use proceeds from the sale of Trust Units to purchase Offered Partnership Units of Partnership. The Partnership will use the Available Funds as set forth in the table below. Given that the Units are being offered on a continuous basis, the information is presented assuming a maximum offering of $100,000,000. Actual funds raised by the Offering may be less than the assumed amounts. Description of intended us of available funds listed in priority Assuming min. offering Assuming max. offering Available funds will be used to: purchase receivables, make loans or purchase loans (directly or indirectly); or used for such other opportunities as determined by the General Partner from time to time.4 $0 $100,000,000 Total: Equal to G in the Funds table above $0 $100,000,000 1 Assuming that 6% of the gross proceeds of this Offering are paid as selling commissions to licensed exempt market dealers based upon the assumed maximum offering amount. The actual amount received by the agent(s) will depend, in part, on the proceeds raised in this offering. See item 7, “Compensation Paid to Sellers and Finders”. These costs are paid by the General Partner, not the Trust or the Partnership. 2 Legal, accounting, auditing, marketing and due diligence expenses. Costs associated with the Offering will be paid by the General Partner and the General Partner has waived entitlement to reimbursement of these costs from the Partnership.
Sample 1
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Use of Available Funds. TDC agrees to expend all Available Funds for activities undertaken pursuant to this Agreement, unless ALZA agrees otherwise. Pending application of all Available Funds as set forth above, Available Funds shall be invested in securities issued or guaranteed as to principal and interest by the United States, or by a person controlled or supervised by or acting as an instrumentality of the government of the United States pursuant to authority granted by the Congress of the United States, or any certificate of deposit for any of the foregoing, or any other investment that is approved by ALZA in its sole discretion.
Sample 1
Use of Available Funds. Description of intended use of available funds listed in order of priority. Assuming Minimum Offering Assuming Maximum Offering Legal & filing fees for US Reporting Issuer Status $ 0 US $10,000 US Accounting & Audit $ 0 US $ 10,000 US Printing, postage & misc. office expense $ 0 US $ 5,000 US Geological Evaluation (2nd year program) $ 0 US $ 10,000 US Listing fee for trading on a recognized US public trading market $ 0 US $ 5,000 US Identify and acquire mineral property(s) of merit $ 0 US $ 30,000 US Working Capital Reserve $ 0 US $ 152,000 US We intend to spend the available funds as stated. We will reallocate funds only for sound business reasons. Item 2 Business of Xxxxxxx Lake Minerals Inc.
Sample 1

Related to Use of Available Funds

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Available Funds $ 5,439,225.01 ---------------

  • IMMEDIATELY AVAILABLE FUNDS Unless otherwise expressly provided for in this Agreement, all amounts payable by Borrower to Lender shall be payable only in United States currency, immediately available funds.

  • Distributions of Available Cash An amount equal to 100% of Available Cash with respect to each fiscal quarter of the Partnership shall be distributed to the Partners within forty-five days after the end of such quarter as follows:

  • Distributions of Available Cash From Operating Surplus (a) During Subordination Period. Available Cash with respect to any Quarter within the Subordination Period that is deemed to be Operating Surplus pursuant to the provisions of Section 6.3 or 6.5 shall, subject to Section 17-607 of the Delaware Act, be distributed as follows, except as otherwise contemplated by Section 5.6 in respect of other Partnership Securities issued pursuant thereto:

  • Distributions of Available Cash from Capital Surplus Available Cash that is deemed to be Capital Surplus pursuant to the provisions of Section 6.3(a) shall be distributed, unless the provisions of Section 6.3 require otherwise, to the General Partner and the Unitholders, Pro Rata, until a hypothetical holder of a Common Unit acquired on the Closing Date has received with respect to such Common Unit distributions of Available Cash that are deemed to be Capital Surplus in an aggregate amount equal to the Initial Unit Price. Available Cash that is deemed to be Capital Surplus shall then be distributed (A) to the General Partner in accordance with its Percentage Interest and (B) to all Unitholders holding Common Units, Pro Rata, a percentage equal to 100% less the General Partner’s Percentage Interest, until there has been distributed in respect of each Common Unit then Outstanding an amount equal to the Cumulative Common Unit Arrearage. Thereafter, all Available Cash shall be distributed as if it were Operating Surplus and shall be distributed in accordance with Section 6.4.

  • Payments, Computations, etc (a) Except as otherwise specifically provided herein, all payments hereunder shall be made to the Administrative Agent in dollars in immediately available funds, without offset, deduction, counterclaim or withholding of any kind, at the Administrative Agent’s office specified in Schedule 10.1 not later than 4:00 P.M. on the date when due. Payments received after such time shall be deemed to have been received on the next succeeding Business Day. The Administrative Agent may (but shall not be obligated to) debit the amount of any such payment which is not made by such time to any ordinary deposit account of the Borrower maintained with the Administrative Agent (with notice to the Borrower). The Borrower shall, at the time it makes any payment under this Credit Agreement, specify to the Administrative Agent the Loans, Fees, interest or other amounts payable by the Borrower hereunder to which such payment is to be applied (and in the event that it fails so to specify, or if such application would be inconsistent with the terms hereof, the Administrative Agent shall distribute such payment to the Lenders in such manner as the Administrative Agent may determine to be appropriate in respect of obligations owing by the Borrower hereunder, subject to the terms of Section 3.12(a)). The Administrative Agent will distribute such payments to such Lenders, if any such payment is received prior to 12:00 Noon on a Business Day in like funds as received prior to the end of such Business Day and otherwise the Administrative Agent will distribute such payment to such Lenders on the next succeeding Business Day. Whenever any payment hereunder shall be stated to be due on a day which is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day (subject to accrual of interest and Fees for the period of such extension), except that in the case of Eurodollar Loans, if the extension would cause the payment to be made in the next following calendar month, then such payment shall instead be made on the next preceding Business Day. Except as expressly provided otherwise herein, all computations of interest and fees shall be made on the basis of actual number of days elapsed over a year of 360 days, except with respect to computation of interest on Base Rate Loans which shall be calculated based on a year of 365 or 366 days, as appropriate. Interest shall accrue from and include the date of borrowing, but exclude the date of payment.

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