Eligible Purpose definition

Eligible Purpose means a purpose that is authorized by the Customer for the use of the Cards and Accounts.

Eligible Purpose means student scholarships, recruitment of additional faculty, equipment, and simulation centers. Construction of new facilities are not considered eligible.

Eligible Purpose means the development of affordable housing and/or facilities intended to provide supportive services to affordable housing residents and low-income households in the nearby community.

Examples of Eligible Purpose in a sentence

• Is for an Eligible Purpose as such term is defined in the CDFI Bond Guarantee Program regulations (12 CFR 1808) and in the Bond Loan Agreement, dated , 20 , between the Qualified Issuer (as lender) and the Eligible CDFI (as borrower).

• A Card can only be used by the Cardholder in whose name it has been issued and should only be used for an Eligible Purpose.

• Cardholders can use the Card or Card number for any Eligible Purpose including: (a) making Purchases, whether they buy in person, over the phone, using the Internet or by mail order; and (b) making cash withdrawals, which constitute Cash Advances, at one of Royal Bank’s branches, at another financial institution or at an ATM.

• Heating water will qualify as an Eligible Purpose if the water being heated is used in a commercial, agricultural, public sector or industrial Building or process or a District Heating Scheme.

• A Virtual Card Number can only be generated by a VPA User and should only be used for making Purchases that are for an Eligible Purpose, whether the VPA User buys over the phone, on the Internet or by mail order.

More Definitions of Eligible Purpose

Eligible Purpose means the allowable uses of Bond Proceeds and Bond Loan proceeds, which includes: (i) financing or Refinancing for community or economic development purposes described in 12 U.S.C. § 4707(b) including, but not limited to, community or economic development purposes in Low- Income Areas or Underserved Rural Areas, as deemed eligible by the CDFI Fund in its sole discretion; (ii) Bond Issuance Fees in an amount not to exceed one percent (1%) of Bond Loan proceeds; and (iii) capitalization of loan loss reserves in an amount that is up to five percent (5%) of the par amount of the Bond Loan, or such other amount that is determined by the CDFI Fund

Eligible Purpose means one of the purposes specified in regulation 3(2);

Eligible Purpose means the allowable uses of Bond proceeds and Bond Loan proceeds, which includes: (i) financing or Refinancing for community or economic development purposes described in 12 U.S.C. § 4707(b) including, but not limited to, community or economic development purposes in low-income areas or underserved rural areas, as deemed eligible by the CDFI Fund in its sole discretion; (ii) bond issuance fees in an amount not to exceed one percent (1%) of Bond Loan proceeds; and (iii) capitalization of loan loss reserves in an amount that is up to five percent (5%) of the par amount of the Bond Loan, or such other amount that is determined by the CDFI Fund in its sole discretion. The making of Secondary Loans by the Eligible CDFI shall also constitute an Eligible Purpose.

Eligible Purpose means the funding of the Borrower’s obligations to provide initial cash margin and variation cash margin pursuant to exchange-traded and over-the-counter (OTC) Hedging Arrangements, being, in each case, contracts entered into by the Borrower to hedge its exposure under contracts entered into with third parties to purchase or sell electricity or gas that support ultimate supply in the UK domestic market.

Eligible Purpose means a purpose specified in regulation 3(2); ”

Eligible Purpose means a purpose which is accepted as eligible on completion of the Scheme Website Application Process;

Eligible Purpose means each of the following purposes: