Use of Net Proceeds. In accordance with the Community of Xxxxxx net proceeds policy, the mission center officers will be responsible for developing a proposal for the use of net proceeds in consultation with the field apostle and the mission center council. The resolution to sell Camp Manitou indicates that the net proceeds “shall be utilized for pursuing mission through the development of campground properties and mission center camping and gathering activities.” The mission center officers will develop and guide a dialogue and discernment process in the coming months to explore ideas and options for the use of net proceeds. Conversation will occur at summer reunions and August budget presentations. Additional feedback through surveys may also be gathered. To provide for an open and Spirit-led discernment process, no deadline or expectation is in place at this time for bringing a proposal to a mission center conference.
Use of Net Proceeds. The net proceeds of the Development Notes shall be used solely for the purposes set forth in Section 2.08.
Use of Net Proceeds. The Borrower Parties will use the net proceeds of the Development Notes for the purposes set forth in Section 2.08 hereof.
Use of Net Proceeds. The net proceeds Purchaser receives, shall only be used to finance or reimburse Purchaser for direct costs associated with any activities performed on the Historic Structures pursuant to an approved Work Plan under Paragraph 18. Net proceeds may not be used (i) for indirect costs associated with activities on the Historic Structures or (ii) for costs associated with fulfilling any other obligation under this Settlement, including any activities under Paragraph
Use of Net Proceeds. The Company will use the net proceeds received by it from the sale of the Shares in the manner specified in each of the Disclosure Package and the Prospectus under “Use of Proceeds.”
Use of Net Proceeds. The Issuer:
(a) on the Issue Date, shall deposit an amount equal to Euro 22,102,177 of the Net Proceeds (the “Blocked Amount”) in the Net Proceeds Account and may not withdraw or transfer any amounts out of such account other than for the purposes of Condition 5.5(b) below; and
(b) shall apply the Blocked Amount, together with other funds available to it for the residual part (if any), to repay in full the Existing Secured Indebtedness by 31 December 2017.
Use of Net Proceeds. 2.1 The Company proposes to utilise the Net Proceeds from the Fresh Issue for the following purposes as more particularly set out in the Red Xxxxxxx Prospectus and the Prospectus for inter alia:
a. Repayment or pre-payment, in full or in part, of all or certain borrowings availed by our Company;
b. Funding working capital requirements of our Company;
c. Purchase of equipments and funding of other related costs for data centers proposed to be set-up in India and overseas locations;
d. Funding of expenditure relating to product development;
e. Investment in eMudhra INC for augmenting its business development, sales, marketing and other related costs for future growth; and
Use of Net Proceeds. 2.1 The Company proposes to raise finance by way of the Fresh Issue for the following purposes, all as more particularly to be set out in the Prospectus:
1. Re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company;
2. Infusion of funds in certain of the Company’s subsidiaries, namely Signatureglobal Homes Private Limited, Signature Infrabuild Private Limited, Signatureglobal Developers Private Limited and Sternal Buildcon Private Limited for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Company’s subsidiaries; and
3. Inorganic growth through land acquisitions and general corporate purposes. (collectively, referred to herein as the “Objects”). However, provided that the above shall be superseded by the details mentioned in the Prospectus and accordingly, the provisions in this Agreement shall stand amended to that extent.
2.2 The Company shall ensure that Net Proceeds are utilized for the purposes as are set out in the Prospectus and Clause 2.1 above.
Use of Net Proceeds. 2.1 The Company proposes to raise finance by way of the Issue for the following purposes as set out in the Prospectus: • Repayment and/ or prepayment, in full or part, of certain borrowings availed by the Company • Funding working capital requirements of the Company; and • General corporate purposes (Collectively, referred to herein as the “Objects of the Issue”).
2.2 The Company shall ensure that Net Proceeds are utilized for the purposes as are set out in the Prospectus and Clause 2.1 above.
Use of Net Proceeds. Sellers agree that the Purchase Price, the Cash Amount, any interest accruing on Sellers’ portion of the Adjustment Escrow Amount or General Escrow Amount, any portion of the Adjustment Escrow Amount paid to Sellers, and any remaining portion of the Escrow Amount paid to Sellers following the expiration of the Escrow Period (collectively, the “Net Proceeds”), shall only and exclusively be used, distributed, directed, invested or allocated in accordance with those terms set forth in Exhibit C.
