Permissible Uses definition

Permissible Uses means the use of funds by the Issuer to pay the Seller for Subsequently Purchased Receivables that are Eligible Receivables.

Permissible Uses means the use of funds by the Issuer to (a) pay the Seller for Subsequently Purchased Receivables that are Eligible Receivables, (b) solely in connection with Issuer Distributions pursuant to Section 5.4(c) and subject to the limitations therein, make distributions to the Issuer, or (c) pay amounts payable to Noteholders in connection with a Decrease.

Permissible Uses means the amount of funds to be used by the Issuer to pay (i) the Servicer Letter of Credit Bank any amounts payable thereto by the Issuer under the reimbursement agreement for the Servicer Letter of Credit, (ii) the Sellers for Subsequently Purchased Receivables (directly or through repayment of any subordinated notes issued to the Sellers), (iii) its equity owners, as a dividend distribution (so long as the Issuer has a net worth (in accordance with GAAP) of at least 1% of the outstanding principal amount of the Notes after giving effect thereto) and (iv) other expenses of the Issuer not prohibited by the Transaction Documents.

Examples of Permissible Uses in a sentence

• During the Revolving Period, all amounts on deposit in the Collection Account in excess of the Required Monthly Payments may be paid to the Issuer on each Business Day (“Issuer Distributions”) provided that (i) the Coverage Test is satisfied after giving effect to any such payment to the Issuer; and (ii) any such payment to the Issuer shall be limited to the extent used by the Issuer for Permissible Uses.

• At a minimum, the policies and procedures must include: a) limited access to only necessary personnel, b) view only access to Confidential Information, c) proper storage and handling of electronic and hardcopy documents containing Confidential Information, and d) training requirements on the Permissible Use(s) to personnel with access to Confidential Information).

• Any entity receiving an Driver Record under the Permissible Uses listed under RCW 46.52.130 must use the Driver Record exclusively for its own purposes or as expressly permitted under RCW 46.52.130, and may not divulge any information contained in the Driver Record to a third party.A negligent violation of RCW 46.52.130 is a gross misdemeanor.

• Selected projects must adhere to the provisions set forth in this RFA, support the goals and objectives as presented in Section 8 of this RFA, and must use funds received to improve career and technical education programs as described in Title I, Section 124 of the Perkins Act (see Appendix A: Required and Permissible Uses of Funds).

• Use the proceeds of the Notes solely in connection with the acquisition or funding of Receivables and other Permissible Uses.

More Definitions of Permissible Uses

Permissible Uses means accessing and consulting the Work in compliance with U.S. copyright law and using any of the functionality made available with the Work only for the Authorized User’s personal research and academic studies and not to violate U.S. copyright, obscenity, or other laws. Permissible Uses does not include making the Work available to any person or entity who is not an Authorized User; providing a password to anyone, even another Authorized User; archiving the Work; copying or sending the Work or any part of it to others, including through interlibrary loan; hacking into MLA’s Web site (or attempting to do so).

Permissible Uses means the use of funds by the Borrower to (a) pay the Depositor for Subsequently Purchased Receivables that are Eligible Receivables, (b) solely in connection with Borrower Distributions pursuant to Section 5.4(c) and subject to the limitations therein, make distributions to the Borrower, or (c) pay amounts payable to Lenders in connection with a Prepayment.

Permissible Uses means uses of collected data that can be associated with a

Permissible Uses means the use of funds by the Issuer to pay the Seller for Subsequently Purchased Receivables that are Eligible Receivables. The Issuer will meet the “Coverage Test” if, on any date of determination,

Permissible Uses means the use of funds by the Issuer to (a) pay the Depositor for additional Receivables, including in connection with Issuer Distributions pursuant to Section 5.4(c), subject to the limitations therein, or (b) pay amounts payable to Noteholders in connection with a Decrease. “Permitted Encumbrance” means (a) with respect to the Issuer or the Depositor, any item described in clause (i), (iv), (vi) or (vii) of the following, and (b) with respect to the Seller, any item described in clauses (i) through (vii) of the following: (i) Liens for taxes and assessments that are not yet due and payable or that are being contested in good faith and for which reserves have been established, if required in accordance with GAAP; (ii) Liens of or resulting from any judgment or award, the time for the appeal or petition for rehearing of which shall not have expired, or in respect of which the 51 4159-5478-8924 (iii) the Issuer or the initial Servicer shall supply to the Indenture Trustee and the Noteholders (and the Indenture Trustee shall transmit by mail or make available on via a website to all Noteholders and Certificateholders) such summaries of any information, documents and reports required to be filed by the Issuer (if any) pursuant to clauses (i) and (ii) of this Section 4.3(a) as may be required by rules and regulations prescribed from time to time by the Commission; and (iv) the Servicer shall prepare and distribute any other reports required to be prepared by the Servicer (except, if a successor Servicer is acting as Servicer, any reports expressly only required to be prepared by the initial Servicer) under any Servicer Transaction Documents.

Permissible Uses means accessing the Work in compliance with U.S. copyright law and using the functionality MLA makes available with the Work only for the purpose of evaluating the Work and the Web site. You will be responsible for ensuring that Your Authorized Users will make only Permissible Uses of the Work and the Web site.

Permissible Uses means payments by the Issuer to (i) BWF, for Additional Loans (directly or through repayment of any subordinated notes issued to BCC), (ii) the Issuer, as a dividend distribution (so long as the Issuer has a net worth (in accordance with GAAP) of at least $5,000,000 after giving effect to such dividend distribution) and (iii) Persons for other expenses of the Issuer not prohibited by the 2007-A Transaction Documents.