Use of Capital Sample Clauses

Use of Capital. The aggregate of all such contributions shall be available to the Partnership to carry out the purposes and objectives of the Partnership as set forth in Section 3.1.
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Use of Capital. ‌ The Manager, in its discretion, may return capital to facilitate distributions to the Unitholders.
Use of Capital. All capital contributions shall be available to the Partnership to carry out purposes and objectives of the Partnership.
Use of Capital. Capital will be used for purposes as the Board of Directors shall determine in accordance with Section 3.2.
Use of Capital. All capital contributed to the LLC shall only be employed in the business and for the benefit and advantage of the LLC.
Use of Capital. If you’re using this business plan to seek financing from lenders or investors, provide a breakdown of how you will the capital and what results you expect. For example, perhaps you will use the money to buy new equipment and expect that to double your production capacity. After reading the Financial Plan section, the reader should understand the assumptions behind your financial projections, and be able to judge whether these projections are realistic.
Use of Capital. Capital will be used for purposes as the -------------- Board of Directors shall determine (consistent with any budget or business plan approved pursuant to Section 3.2(b)), including for the payment of Construction Costs.
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Use of Capital. 7.1 The funds retained in the Trust Account shall only be used by the Trustee for the following purposes of this Trust as directed by CGIFN as beneficiary from time to time: a) To pay funds to the Per Capita Distribution Account pursuant to Article 6; b) To pay emergency funds to CGIFN pursuant to Article 8; c) To pay funds to the Revenue Account pursuant to Article 9; d) To pay funds to the Land Purchase Account pursuant to Article 10; e) To purchase Authorized Investments pursuant to Article 11; and f) To pay the Authorized Expenses as approved by the Council pursuant to Article 12. 7.2 Under no circumstances may the Trust Property be used for the purpose of securing a loan or a loan guarantee. 7.3 For purposes of greater clarity, Section 7.2 specifically includes CGIFN, any corporations or businesses controlled by CGIFN, Members and any and all businesses owned or operated by Members. 7.4 Regardless of any other Section in this Trust agreement, and in accordance with Section 13.13, under no circumstances shall Council request, nor the Trustee pay, any amount that would reduce the capital in the Trust to the point where there would remain insufficient capital to fund the outstanding Per Capita Distributions for Members who are not yet Qualifying Members. 8 EMERGENCY FUNDS FROM CAPITAL‌ 8.1 The Trustee shall transfer to CGIFN an amount totalling up to ten per cent (10%) of the Trust Property, calculated at December 31st of the preceding Fiscal Year, to be used by Council to address emergency situations when directed to do so by Council Resolution. 8.2 Prior to making such a request Council shall conduct at least two meetings with Members in order to consult with Members regarding how any funds received from the Trust pursuant to Section 8.1 would be spent in the upcoming fiscal year of CGIFN. These meetings are to be open to all Members, held on reserve and held on reasonable notice. 8.3 CGIFN shall not request, and the Trustee shall not transfer, an additional amount pursuant to this Section 8 unless and until the full amount previously transferred pursuant to Section 8.1 has been repaid by CGIFN to the Trust Property.
Use of Capital. The subscription money referred to in clause 3.2(a) and any Capital Contribution under clause 3.5 shall be applied by the Company solely for: (a) the purposes of the Business in accordance with the annual budget approved by the Board in accordance with clause 10.1; and (b) any other purposes agreed in writing by the Shareholders.
Use of Capital. The Trust Capital can be used to: a) pay initial expenses; b) pay the per capita distribution; c) purchase lands for the WRFN; d) purchase Authorized Investments; e) for community development purposes; f) help pay for Natural Disasters or Emergencies; g) provide Authorized Loans and Authorized Loan Payments; and h) pay the Authorized Expenses.
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