Use of Bond Sample Clauses

Use of Bond. Vessel Owner agrees that RCYC may use the Vessel Owner’s Bond as one source of funds to pay the moorage fees, penalties and expenses resulting from the Vessel Owner’s failure to pay assessed fees. The Vessel Owner further agrees that RCYC may use the Bond as one source of funds to offset any actions that RCYC takes to secure, protect and/or acquire title to the Vessel Owners’ abandoned vessel if not removed from the RCYC moorage as required in the Rules and/or this Agreement.
Sample 1Sample 2
AutoNDA by SimpleDocs
Use of Bond. OpenMarkets is authorised to use the Bond during the terms of this agreement and after termination for the following purposes:
Sample 1
Use of Bond. PROCEEDS
Sample 1

Related to Use of Bond

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

  • Use of Aircraft ‌ Employees shall not be required to use an aircraft in the course of their duties other than those of regular commercial airlines, licensed charters, or government aircraft.

  • Use of Loan 3.1 The borrower shall use the long-term loan for purchasing 22.5% of shares of ICP Company and any other application of this long-term loan shall obtain earlier written consent from Sina Company.

  • Use of Name (a) The Sub-Adviser hereby consents to the use of its name and the names of its affiliates in the Fund’s disclosure documents, shareholder communications, advertising, sales literature and similar communications. The Sub-Adviser shall not use the name or any tradename, trademark, trade device, service xxxx, symbol or any abbreviation, contraction or simulation thereof of the Adviser, the Trust, the Fund or any of their affiliates in its marketing materials unless it first receives prior written approval of the Trust and the Adviser.

  • Use of Loan Proceeds The Borrower shall use the credit extended under this Agreement solely for the purposes set forth in, or otherwise permitted by, Section 6.4 hereof.

  • Use of Book-Entry System PFPC Trust is authorized and instructed, on a continuous basis, to deposit in the Book-Entry System all securities belonging to the Portfolios eligible for deposit therein and to utilize the Book-Entry System to the extent possible in connection with settlements of purchases and sales of securities by the Portfolios, and deliveries and returns of securities loaned, subject to repurchase agreements or used as collateral in connection with borrowings. PFPC Trust shall continue to perform such duties until it receives Written Instructions or Oral Instructions authorizing contrary actions. PFPC Trust shall administer the Book-Entry System as follows:

  • Use of Accounts The Servicer shall not use the Custodial P&I Account as a collection clearing account.

Time is Money Join Law Insider Premium to draft better contracts faster.