Use of Project Fund Moneys. All moneys disbursed from the Project Fund (except for any amounts transferred to the Collateral Proceeds Account pursuant to the terms of this Lease) shall be used for the payment of Allowable Costs relating to Provision of the Project. No part of any such moneys shall be knowingly paid to or retained by the Company or any, officer, shareholder, director or employee of the Company as a fee, kick-back or consideration of any type, except as previously disclosed to the Director in writing. The Company has no identity of interest with, or interest in, the general contractor or any architect, subcontractor, laborer or materialman performing work or services or supplying materials in connection with the Provision of the Project, except as previously disclosed to the Director in writing.
Appears in 1 contract
Samples: Lease (Luiginos Inc)
Use of Project Fund Moneys. All moneys disbursed from the Project Fund (except for any amounts transferred to the Collateral Proceeds Account pursuant to the terms of this Lease) shall be used for the payment of Allowable Costs relating to Provision of the Project. No part of any such moneys shall be knowingly paid to or retained by the Company or anyany partner, officer, shareholder, director or employee of the Company as a fee, kick-back or consideration of any type, except as previously disclosed to the Director in writing. The Company has no identity of interest with, or interest in, the general contractor or any architect, subcontractor, laborer or materialman performing work or services or of supplying materials in connection with the Provision of the Project, except as previously disclosed to the Director in writing.
Appears in 1 contract
Samples: Lease (Venture Service Co)
Use of Project Fund Moneys. All moneys disbursed from the Project Fund (except for any amounts transferred to the Collateral Proceeds Account pursuant to the terms of this Lease) shall be used for the payment of Allowable Costs relating to Provision of the Project. No part of any such moneys shall be knowingly paid to or retained by the Company Sublessee or any, officer, shareholder, director or employee of the Company Sublessee as a fee, kick-back or consideration of any type, except as previously disclosed to the Director in writing. The Company Sublessee has no identity of interest with, or interest in, the general contractor or any architect, subcontractor, laborer or materialman performing work or services or supplying materials in connection with the Provision of the Project, except as previously disclosed to the Director in writing.
Appears in 1 contract
Samples: Lease (Luiginos Inc)
Use of Project Fund Moneys. All moneys disbursed from the Project Fund (except for any amounts transferred to the Collateral Proceeds Account pursuant to the terms of this Lease) shall be used for the payment of Allowable Costs relating to Provision of the Project. No part of any such moneys shall be knowingly paid to or retained by the Company or anyany partner, officer, shareholder, director or employee of the Company as a fee, kick-back or consideration of any type, except as previously disclosed to the Director in writing. The Company has no identity of interest with, or interest in, the general contractor or any architect, subcontractor, laborer or materialman performing work or services or of supplying materials in connection with the Provision of the Project; provided, except however, that the Company may use and compensate (at prevailing wages, as previously disclosed to required by Section 3.1 of this Lease) its own non- shareholder employees in connection with the Director in writinginstallation of the Project Equipment.
Appears in 1 contract
Samples: Lease (Luiginos Inc)