Use of Company Funds. Subject to the terms and conditions of this Agreement, the Agent will pay the costs incurred in performing the Services as they become due and payable by the applicable member of the Company Group, and all local, state and federal taxes incurred related thereto, from the applicable Company Group bank account(s), and the Agent will have the right to withdraw funds from such account(s) for such purposes. The Agent will not make any expenditure of, or otherwise use, any funds of any Company Group member, except for (a) expenditures contemplated by this Agreement and (b) expenditures required in the event of an Emergency.
Use of Company Funds he parties hereto agree that cash derived from the Company's business and operations is to be used solely for the payment of direct costs and expenses incurred in the Company's research and development activities.
Use of Company Funds. The parties hereto agree that during the Exclusivity Period, notwithstanding an Event of Repayment, all moneys of the Company, less certain operating expenses and capita] expenditure as permitted under the Shareholders' Voting Agreement, shall be used firstly, as relevant, to fund the payment of the Existing IFC Loans, secondly, to fund the payment of the Initial Payment, thirdly, to fund the payment of the Net Working Capital Reimbursement and fourthly, to fund payment on the Notes by Purchaser and/or purchase of the Notes by the Company and all such moneys shall be deemed to be either repayments of the Purchaser Loans or loans to Purchaser subordinated in repayment to all moneys necessary for payment of operating expenses and to fund payment of the Net Working Capital Reimbursement and the Initial Payment, and shall be documented accordingly by the Company and Purchaser on commercial arms' length terms.
Use of Company Funds. The use of Company funds for any unlawful or unethical purpose is strictly prohibited. Employees are prohibited from making, or causing others to make, any illegal payment to anyone within the United States, or to any officials of any foreign government, including for the purpose of advancing, promoting or expediting Company interests. Such prohibited payments include money, favors, gifts, entertainment, or use of Company facilities. Similarly, all employees also must be careful that any acts of hospitality toward public officials and Government employees avoid compromising the integrity or the reputation of the Company or the public official or Government employee.
Use of Company Funds. The Company may from time to time and at its own discretion, allow the Contractor to use Company funds for repairs, ferry fees and pay advances. Use of Company funds requires prior approval and will be deducted from the Contractor payment.
Use of Company Funds. Funds received by the Company from TTC upon the exercise of the option to purchase the First Option Shares, shall be utilized first to timely pay the Company's debts as required and then to fund continued technology developments as determined by the Company and in the ordinary course of its business, as it is presently conducted or proposed to be conducted.
