Misapplication of Funds definition

Misapplication of Funds. Borrower has applied funds provided by Lender for purposes other than those authorized by Lender.

Examples of Misapplication of Funds in a sentence

  • Misapplication of Funds – Any alleged deliberate use of funds, assets or property not authorized or provided for by legislation or regulations, grants, or contracts.

  • Misapplication of Funds: Any alleged deliberate use of funds, assets or property not authorized or provided for by legislation or regulations, grants, or contracts.

  • Misapplication of Funds Collected for Specific Purposes.--Whenever any moneys are collected by law in any county for any special purpose, and paid into the hands of the treasurer of such county, it shall be unlawful for such treasurer to apply such moneys, or any part thereof, to any other purpose than that for which such moneys were collected.

  • The company is working very closely with DuocUC in order to establish these programs.

  • Misapplication of Funds: Any use of funds, assets, or property not authorized or provided for in the grant or contract.

  • The undersigned proposes the above listed substitution in accordance with the provisions of Section 01600.

  • FATCA 36 ARTICLE V NEGATIVE COVENANTS 36 Section 5.1. Liens on the Collateral 36 Section 5.2. Transfer; Prohibited Change of Control 36 Section 5.3. Debt 36 Section 5.4. Dissolution; Merger or Consolidation 36 Section 5.5. Misapplication of Funds 37 Section 5.6. Jurisdiction of Formation; Name 37 Section 5.7. Modifications and Waivers 37 Section 5.8. ERISA 37 Section 5.9. Alterations and Expansions 37 Section 5.10.

  • Misapplication of Funds: Any alleged deliberate use of funds, assets or property not authorized or provided for by legislation or regulations, grants or contracts.

  • Therefore, it is possible to add nano- TiO2 of a high purity (99.9%) and a high Blaine fineness value (60 m2/g) in order to improve the characteristics of cement mortars [5].

  • Misapplication of Funds is the expenditure of funds by a recipient for any purpose other than to pay costs for programs included in an IA funding agreement.

Related to Misapplication of Funds

  • Fund of Funds means a registered investment company or series of a Fund which is managed and administered by Service Company and which invests substantially all of its assets in shares of two or more Funds (or series thereof).

  • transfer of funds means any transaction at least partially carried out by electronic means on behalf of a payer through a payment service provider, with a view to making funds available to a payee through a payment service provider, irrespective of whether the payer and the payee are the same person and irrespective of whether the payment service provider of the payer and that of the payee are one and the same, including:

  • Misuse means to deal with property contrary to:

  • REIT Provisions of the Code means Sections 856 through 860 of the Code and any successor or other provisions of the Code relating to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and the regulations promulgated thereunder.

  • Misappropriation means that the Employee (i) uses Confidential Information (as defined below) for the benefit of anyone other than the Employers or an Affiliate, as the case may be, or discloses the Confidential Information to anyone not authorized by the Employers or an Affiliate, as the case may be, to receive such information; (ii) upon termination of employment, makes any summaries of, takes any notes with respect to or memorizes any Confidential Information or takes any Confidential Information or reproductions thereof from the facilities of the Employers or an Affiliate or (iii) upon termination of employment or upon the request of the Employers or an Affiliate, fails to return all Confidential Information then in the Employee’s possession. For the avoidance of doubt, “Misappropriation” does not include disclosure of Confidential Information to a governmental regulatory agency, such as the U.S. Securities and Exchange Commission, provided that the Employee informs the agency that the Employers and/or Affiliates deem the information to be confidential. “Confidential Information” shall mean any confidential and proprietary drawings, reports, sales and training manuals, customer lists, computer programs and other material embodying trade secrets or confidential technical, business, or financial information of the Employers or an Affiliate.

  • General Account consists of all our assets other than those held in any separate investment accounts.

  • Cost of Funds means, with respect to a Loan in an Alternative Currency, the actual cost to a Lender of funding or maintaining such Loan in the applicable currency from whatever source it may reasonably select for the relevant Interest Period.

  • Government purpose rights means the rights to—

  • Foreign Government Obligations means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof.

  • Fraud means any offence under any Laws creating offences in respect of fraudulent acts (including the Misrepresentation Act 1967) or at common law in respect of fraudulent acts including acts of forgery;

  • Loss of Government property means unintended, unforeseen or accidental loss, damage or destruction to Government property that reduces the Government’s expected economic benefits of the property. Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear or manufacturing defects. Loss of Government property includes, but is not limited to—

  • Chain of custody refers to the methodology of tracking specified materials or substances for the purpose of maintaining control and accountability from initial collection to final disposition for all such materials or substances and providing for accountability at each stage in handling, testing, and storing specimens and reporting test results.

  • Commercial Purposes means any commercial or profit generating purpose including the sale, lease of other transfer of the Material and includes uses of the Material by any organisation, including Recipient, to perform contract research, to produce or manufacture products for general sale, or to conduct research activities that result in any sale, lease, license, or transfer of the Material.