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.

Restricted Purpose shall include any of the following:

Examples of Restricted Purpose in a sentence

Notwithstanding anything to the contrary set forth in Section 4.02, Franchisor agrees that it shall not unreasonably withhold any consent to the closure or relocation of a Location or Restricted Purpose Location within Franchisee’s Exclusive Territory or Protected Territory.
For clarity, Gilead does not grant Company in this Agreement any license under any Gilead Background Patents or Gilead Project IP for the Restricted Purpose.
No Obligor shall (and the Issuer shall procure that no other member of the Group will) apply any Cash towards a Restricted Purpose without the consent of the Majority Bridge Noteholders.
The Services and the Content and Courseware are provided solely for your personal and non-commercial use to assist you in completing the certification training course You have registered for ("Restricted Purpose").
For clarity, (a) the foregoing sentence is not intended and shall not be construed to grant to Company any right of reference for the Restricted Purpose, and (b) nothing in this Agreement shall grant Company any right to directly access any chemistry, manufacturing and controls data in any Regulatory Documentation.
For clarity, Company does not grant Gilead in this Agreement any license under any Company Background Patents or Company Project IP for the Restricted Purpose.
Requests for (a) change of Assumed Name, (b) relocations of any Locations or Restricted Purpose Locations, (c) closures of any Locations, (d) changes in designated Responsible Agent or Broker, (e) establishment or extension of the authorized operational period of a Subdivision Sales Office, or (f) other changes in status as may be specified from time to time by Franchisor, shall be made on such form as designated by Franchisor in the Operations Manual.
The term “Franchised Business” shall mean Acting as a Real Estate Broker from Locations and Restricted Purpose Locations utilizing the Service Marks, as permitted, except as provided hereinafter or in the Operations Manual.
Upon reasonable prior written notice, Franchisor shall have the right to send representatives at reasonable intervals during normal business hours, into Franchisee’s Locations or Restricted Purpose Locations to inspect Franchisee’s other records, operations, business methods, service, management and administration, to determine the quality thereof and the faithfulness of Franchisee’s compliance with the provisions of this Agreement and the Operations Manual.
However, for purposes of reporting to Franchisor Continuing Royalty payable on transactions as permitted to be conducted from such Restricted Purpose Locations, Gross Revenues attributable to such transactions shall be reported to Franchisor utilizing an Approved Broker Management System as Franchisor may direct.

More Definitions of Restricted Purpose

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 [**].

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).

Restricted Purpose means the license of the ▇▇▇▇▇▇▇ ▇▇▇▇® ▇▇▇▇ for any of the following categories of products: firearms; drug paraphernalia; and any products primarily associated with the adult entertainment industry (other than lingerie).

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).

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 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).