Use of Note Proceeds. The proceeds of the Note shall be used by the Company for the purposes set forth in the Company’s Appendix A Scope of Work, Deliverables and Project Budget. The Company shall not use the proceeds of the Note for any purpose not described in Appendix A without the prior written approval of the Holder.
Use of Note Proceeds. The proceeds of the Notes shall be used to provide financing for (i) New Acquisitions or new store openings, (ii) repayment of existing indebtedness, (iii) payment of costs and expenses associated with this transaction, (iv) payment of the "Full
Use of Note Proceeds. NCAP agrees that it will not use any proceeds of the Notes to repay any NCAP notes payable or pay any NCAP accrued salaries. Except for the aforementioned, such proceeds will be used for funding general working capital requirements of NCAP’s ongoing business operations.
Use of Note Proceeds. The Company and the Issuer shall use proceeds of the Notes to (x) acquire at Closing 160,000 newly issued shares of Alpha Income Trust Preferred Securities, $25.00 par value (the “TruPs”) of Air T Funding, a statutory trust fund under Delaware law, (y) repay a portion of the amount outstanding under the Company’s Amended and Restated Revolving Credit Note to Minnesota Bank & Trust, dated as of June 23, 2023, and (z) pay costs and expenses incurred in connection with the transactions contemplated herein. The Company may use any remaining proceeds for general corporate purposes; provided, that no proceeds shall be used to make any dividend or distribution to any shareholders or management of any member of the Company Group without the prior written consent of the Investors. The foregoing limitation shall also apply to any buybacks of the Company’s outstanding capital stock (NASDAQ: AIRT) unless the aggregate amount of Cash Distributions (as defined below) in the Issuer’s account is at least equivalent to the next two scheduled interest payments on the Notes. The Company’s and the Issuer’s anticipated Sources and Uses of the Note Proceeds is attached hereto as Exhibit E. (b)
Use of Note Proceeds. The Note Consideration shall be used by the Intrexon Parties solely for activities of the Intrexon Parties directly related to the advancement of Precigen therapeutic programs.
Use of Note Proceeds. Pursuant to the terms of the Note, the Company agrees that it not use any proceeds of the Note to pay employee bonuses, shareholder dividends, nontrade payable debt retirement or other similar expenses. Except for aforementioned, such proceeds will be used for the primary purpose of inventory financing, including manufacturing, marketing, research and development, and shipping. In addition, the Company may use the proceeds of the Note for reasonable working capital expense, including payment of legal fees, interest carry on the Note, the Origination Fee (as defined below) and other business-related expenses as the parties shall agree.
Use of Note Proceeds. The proceeds from the sale of the Notes will be used and applied in accordance with the terms and conditions of the Indenture.
Use of Note Proceeds. The Company agrees that it will apply the cash proceeds it receives from the Note in accordance with the Disclosure Schedule. Specifically, but without limitation, the Company agrees that it will not use any portion of the Note proceeds to repay “Senior Indebtedness” (as defined in the Note).
Use of Note Proceeds. I, the Borrower, represent to the Lender that the proceeds of this Note will not be used for personal, family or household purposes or for the purpose of purchasing or carrying margin stock or margin securities within the meaning of Regulations U and X of the Board of Governors of the Federal Reserve System, 12 C.F.R. Parts 221 and 224.
Use of Note Proceeds. The City shall apply the proceeds of the sale of the Note to (a) pay the Costs of the 2010 Project as provided in the Indenture and (b) pay the costs of issuance of the Note.
