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.
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.
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
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.
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.
Use of Available Funds. Description of intended use of available funds listed in order of priority. Assuming Minimum Offering Assuming Maximum Offering Item 2 Business of Xxxxxxx Lake Minerals Inc.
Use of Available Funds. The following table discloses the funds that will be available as a result of the Offering:
1.1 Funds Assuming min. offering Assuming max. offering
X. Xxxxxx to be raised by this offering $0 $100,000,000
B. Selling commissions and fees $0 $6,000,0001
C. Estimated offering costs2 $25,000 $50,000
D. Available funds: D = A - (B+C) $03 $100,000,0003 E. Additional sources of funding required $0 $0 F. Working capital deficiency $0 $0 G. Total: G = (D+E)-F $03 $100,000,0003
Use of Available Funds. The following table discloses the funds that will be available as a result of the Offering:
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 $250,000,000. Actual funds raised by the Offering may be less than the assumed amounts. Available funds will be used to: purchase receivables, make loans or purchase loans (indirectly through the Partnership’s subsidiary, Merchant Opportunities Canada Limited Partnership (“Merchant Canada”) or Merchant Opportunities U.S.A Ltd. (“Merchant USA”)); or used for such other opportunities as determined by the Manager from time to time.4 $0 $250,000,000 Total: Equal to G in the Funds table above $0 $250,000,000 1 See item 8, “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 Manager and the General Partner and the Manager have waived entitlement to reimbursement of these costs from the Partnership. 3 As the estimated offering costs are paid by the Manager, and not the Trust or the Partnership, these items do not reduce the available funds to the Trust or Partnership. 4 In the event that the Manager cannot identify viable opportunities to deploy the available funds, the Manager may direct funds to pay the BMO Credit Agreement between BMO and the Partnership or direct the Partnership to repay any other debt of the Partnership which may be outstanding from time to time. See item 2.7, “Material Agreements”.
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.
