Restricted Purpose definition

Restricted Purpose means, in relation to a Restricted Payment or Permitted Payment, that such Restricted Payment or Permitted Payment is either a Specified Restricted Payment or a Permitted Payment made for the purpose of effecting a Specified Restricted Payment.
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Restricted Purpose means the restricted purposes are as follows: (i) Paying for international travel, or expenses related to international travel. (ii) Payment of fines or penalties. (iii) Paying for legal action or proceedings, or the settlement or agreement to consent order in relation to, or to otherwise resolve, any proceedings or application for reinstatement and/or wrongful dismissal by a current or former employee. (iv) Lending or gifting the Funds, or the Equipment purchased with the Funds, to any person, Corporation or Related Party. (v) Providing redundancy payment, advances, commission, bonuses, performance based benefits or similar benefits to any person. (vi) Paying sitting fees in relation to any person, including a member of the Contractor’s board of directors, for their attendance at a meeting or involvement in the business of the Contractor. (vii) Entry into a sale and lease back arrangement. (viii) Leasing an item of property that the Contractor owns. (ix) Establishing a subsidiary, or other commercial entity or activity. (x) Paying the Contractor any fee or charge that is calculated on a basis other than the costs the Contractor actually incurs in the performance of the Services and the provision of the Deliverables. For the avoidance of doubt, the ‘costs the Contractor actually incurs’ includes the proportion of any general operational overhead or expense of the Contractor that is reasonably required for, and accordingly attributable to, the Contractor’s performance of the Services and the provision of the Deliverables. (xi) Purchasing a car or other vehicle. (xii) Providing for the future replacement of any asset of the Company, or to dispose of, acquire or provide for the future replacement of any land, building or other real property.
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Restricted Purpose means:(i)any new acquisition of shares or securities, businesses, material assets or undertakings (or, in each case, any interest in any of them) except for the Health Innovators Permitted Acquisition or for any material assets acquired in the ordinary course of business;(ii)any payments to any shareholder of the Issuer, including (but not limited to) any dividend, charge, fee or other distribution (or interest on any unpaid dividend, charge, fee or other distribution) (whether in cash or in kind); (iii)any extension of credit to any person that is not a member of the Group (other than any extension of credit to any participant in the Agreed Management MIP or for any extension of credit made in the ordinary course of business); or
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Examples of Restricted Purpose in a sentence

  • Specific Restricted Purpose ReserveA specific restricted purpose reserve is established where the Health Service has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.

  • Restricted Estate Funds and Restricted Purpose Funds have purposes specified by donors.

  • The Committee will advise about the donors’ intents for any Restricted Purpose Distributions.

  • Specific Restricted Purpose SurplusA specific restricted purpose surplus is established where the Health Service has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.

  • Specific Restricted Purpose SurplusThe Specific Restricted Purpose Surplus is established where Bairnsdale Regional Health Service has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.

  • Once the Congregation has approved a budget that incorporates (a) a specified amount of unrestricted purpose Distributions, and (b) a specified amount of any Restricted Purpose Distributions to fund such Restricted Purposes, the Committee shall arrange for a transfer of the approved Distributions to the appropriate USNH account.

  • Specific Restricted Purpose Reserve A specific restricted purpose reserve is established where the Health Service has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.

  • Where a revalued financial asset is impaired that portion of the surplus whichrelates to that financial asset is recognised in the comprehensive operating statement.Specific Restricted Purpose SurplusA specific restricted purpose surplus is established where Melbourne Health has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.

  • The expenditures of these funds are accounted for in the Restricted Purpose Fund on a modified accrual basis and in accordance with the audit requirements of the ICCB.

  • Specific Restricted Purpose SurplusA specific restricted purpose surplus is established where Hepburn Health Service has possession or title to the funds but has no discretion to amend or vary the restriction and/or condition underlying the funds received.


More Definitions of Restricted Purpose

Restricted Purpose means the purpose of obtaining any Marketing Approval for or otherwise promoting or commercializing the Combination Therapy (or any other combination of the Gilead Compound (or any Biosimilar) and the Company [***] Certain information in this document has been excluded pursuant to Regulation S-K, Item 601(b)(10). Such excluded information is not material and would likely cause competitive harm to the registrant if publicly disclosed. Compound), including obtaining any expansion or modification of any Regulatory Authority-approved label for a Party’s Compound to reference the Combination Therapy (or any other combination of the Gilead Compound (or any Biosimilar) and the Company Compound).
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Restricted Purpose means applying any cash or making any payments in cash (including the proceeds of any Bridge Loan) other than as set forth in Section 4.03(d).
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Restricted Purpose shall include any of the following:
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Restricted Purpose means the license of the Xxxxxxx Xxxx® xxxx for any of the following categories of products: firearms; drug paraphernalia; and any products primarily associated with the adult entertainment industry (other than lingerie).
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Restricted Purpose means the purpose of obtaining any Regulatory Approval for or otherwise promoting or commercializing the Combination Therapy [**], including obtaining any expansion or modification of any Regulatory Authority-approved label for an IL-12 Product to reference the Combination Therapy [**].
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Related to Restricted Purpose

  • Permitted Purpose means any activity or process to be undertaken or supervised by a Staff member of one Party during the term of this Agreement, for which purpose authorised disclosure of the other Party’s Confidential Information or Intellectual Property is a prerequisite in order to enable such activity or process to be accomplished;

  • Permitted Purposes means evaluating the Project, preparing a Proposal, and any other use permitted by the RFP or this Participation Agreement;

  • Restricted Purchase means any payment on account of the purchase, redemption or other acquisition or retirement of any capital stock or other securities of, the Borrower.

  • Approved Purpose means a purpose for the use of recycled tires which is found on the list of Approved Purposes for Recycled Tires maintained by OTS and published on OTS’s web site from time to time;

  • intended purpose means the purpose for which the Technical Information is provided to the Supplier under or in connection with a Contract.

  • Approved Purposes means the use of Data by the Provider for the purposes of providing services authorized by APS in Agreements entered into between APS and the Provider (“Authorized Services”) during the term of the SDUPA., and for no other purpose.

  • Agreed Purpose has the meaning given to it in clause 2 of this Agreement.

  • Unrestricted Margin Stock means any Margin Stock owned by the Borrower or any Subsidiary which is not Restricted Margin Stock.

  • Business Purpose means the use of personal information for the business’s or a service provider’s operational purposes, or other notified purposes, provided that the use of personal information shall be reasonably necessary and proportionate to achieve the operational purpose for which the personal information was collected or processed or for another operational purpose that is compatible with the context in which the personal information was collected. Business purposes are:

  • Agreed Purposes as defined in Section 10.14.

  • Business Purposes ’ means purposes normally or otherwise reasonably associ- ated with the use of land for business activities, including shops, offices, showrooms, restaurants or similar businesses other than places of instruction, public garages, builder’s yards, scrap yards and industrial activities;

  • additional purpose means a purpose for which no expenditure estimate is included in the local government’s annual budget.

  • Protected Purchaser has the meaning specified in Section 8-303 of the UCC.

  • General purpose equipment means equipment, which is not limited to research, medical, scientific or other technical activities. Examples include office equipment and furnishings, modular offices, telephone networks, information technology equipment and systems, air conditioning equipment, reproduction and printing equipment, and motor vehicles.

  • Restricted Investment means an Investment other than a Permitted Investment.

  • Restricted Margin Stock means, as of any date of determination, all of the Margin Stock owned by the Borrower and its Subsidiaries to the extent that the fair market value thereof is not more than 25% of the aggregate fair market value of the assets of the Borrower and its Subsidiaries, determined on a consolidated basis.

  • Legitimate Purposes means sharing of UPSI in the ordinary course of business by an Insider with the following, provided that such sharing has not been carried out to evade or circumvent the prohibitions of these regulations:

  • Legitimate Purpose means sharing of UPSI in the ordinary course of business or on a need-to-know basis. The Company may share the UPSI if required in the interest of the Company.

  • Special purpose equipment means equipment which is used only for research, medical, scientific, or other technical activities. Examples of special purpose equipment include microscopes, x-ray machines, surgical instruments, and spectrometers.

  • Permitted Security means any Security:

  • Special Purpose Entity means a direct or indirect subsidiary of Holdings, whose organizational documents contain restrictions on its purpose and activities and impose requirements intended to preserve its separateness from Holdings and/or one or more Subsidiaries of Holdings.

  • School purposes means purposes that customarily take place at the direction of a teacher or the Board, or aid in the administration of school activities, including but not limited to instruction in the classroom, administrative activities and collaboration among students, school personnel or parents or legal guardians of students.

  • Restricted Jurisdiction means any jurisdiction where local laws or regulations may result in a significant risk of civil, regulatory or criminal exposure if information concerning the Acquisition is sent or made available in that jurisdiction;

  • Designated Purchaser has the meaning set forth in Section 7.11(b).

  • Special Purpose Subsidiary means any (a) not-for-profit Subsidiary, (b) captive insurance company or (c) Receivables Subsidiary and any other Subsidiary formed for a specific bona fide purpose not including substantive business operations and that does not own any material assets, in each case, that has been designated as a “Special Purpose Subsidiary” by the Borrower.

  • Permitted Investor means collectively, Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital Partners III-C, LP, Energy Capital Partners-D, LP, Quantum Strategic Partners and each of their Permitted Transferees (as defined in the Investors Agreement, dated as of March 29, 2018, by and among the Parent and the other signatories thereto).