Use of Proceeds Certificate definition

Use of Proceeds Certificate means a certificate, in substantially the form attached as Exhibit F, signed by an officer of the Company, setting forth how the Tranche Purchase Price will be applied by the Company.

Use of Proceeds Certificate means a certificate in form, substance and detail reasonably satisfactory to the Administrative Agent signed by a Responsible Officer of the Borrower (i) describing the applicable Acquisition (and attaching relevant material and available documentation for such Acquisition) and (ii) certifying that the proceeds of the applicable Advance will be used solely to fund (in whole or in part) the purchase

Use of Proceeds Certificate means, with respect to any Advance, a certificate in form, substance, and detail reasonably satisfactory to the Administrative Agent, duly executed by a Responsible Officer of the Borrower certifying (a) as to the proposed use of the proceeds of such Advance (which shall be a purpose permitted by Section 5.09 (a “Permitted Use”)), including a reasonably detailed description of such use, (b) that the proceeds of the applicable Advance will be used for such Permitted Use within three (3) Business Days after the making of such Advance, or will otherwise be repaid to the extent required pursuant to Section 2.05(g), and (c) that such proceeds shall be held at all times in an account subject to an Account Control Agreement (except, with the consent of the Administrative Agent (in its sole discretion), as may be reasonably necessary to effectuate the Permitted Use) until used or repaid, in each case, as required pursuant to clause (b).

Examples of Use of Proceeds Certificate in a sentence

• In connection with the delivery of the Bonds, the School District has executed and delivered an Arbitrage and Use of Proceeds Certificate.

• Preference is given to students who plan to enter the ~eachingprofession.

• Without limiting the generality of the foregoing, the School District covenants that it will comply with the instructions and requirements of the Arbitrage and Use of Proceeds Certificate, which is incorporated herein as if fully set forth herein.

• In our opinion, the Financing Agreement, the Letter of Representation, the Continuing Disclosure Agreement and the Arbitrage and Use of Proceeds Certificate have been duly authorized, executed and delivered by the School District; and, assuming the due authorization, execution and delivery of the Financing Agreement by the Authority, will constitute legal, valid and binding obligations of the School District, enforceable in accordance with their terms.

• The School District has duly approved the execution and delivery of this Financing Agreement, the Arbitrage and Use of Proceeds Certificate and the Continuing Disclosure Agreement and the issuance and delivery of the School District Bonds in the Principal Amount and has authorized the taking of any and all action as may be required on the part of the School District to carry out, give effect to and consummate the transactions contemplated by each of the foregoing.

More Definitions of Use of Proceeds Certificate

Use of Proceeds Certificate means with respect to any Loan, a certificate in form, substance, and detail reasonably satisfactory to the Administrative Agent, duly executed by a responsible officer of the applicable Borrower (a) describing the intended use of proceeds of such Loan, which shall be a purpose permitted by the credit agreement governing the Credit Facility and (b) certifying (i) as to the proposed use of the proceeds of the applicable borrowing, which shall be a purpose permitted by the credit agreement governing the Credit Facility and (ii) that the proceeds of the applicable borrowing shall be used within five (5) business days after the making of such Loan for such specified purpose, or will otherwise be repaid to the extent required pursuant to the credit agreement governing the Credit Facility.

Use of Proceeds Certificate means, with respect to any Advance, a certificate in form, substance, and detail reasonably satisfactory to the Administrative Agent, signed by a Responsible Person of the relevant Borrower (a) describing the intended use of proceeds of such Advance and (b) certifying that the proceeds of the applicable Advance will be used for such described use or other permitted general corporate purposes within five Business Days after the making of such Advance, or will otherwise be repaid to the extent required pursuant to Section 2.09(b) .

Use of Proceeds Certificate means the Use of Proceeds Certificate and Agreement, dated the Closing Date, between the Bond Issuer and the Company, as amended from time to time pursuant to the terms thereof.

Use of Proceeds Certificate means a certificate of the Borrower substantially in the form of Exhibit F, duly completed and executed by the Borrower.

Use of Proceeds Certificate means a certificate of the Borrower executed by a Responsible Officer detailing the proposed use of proceeds of the Borrowing requested by the Borrower, which certificate may be combined with the applicable Request for Credit Extension.

Use of Proceeds Certificate means, with respect to any Borrowing hereunder, a certificate prepared in reasonable detail in form reasonably satisfactory to the Lead Lender and certified by a Responsible Officer of the Parent setting forth the Parent’s planned uses and applications of the proceeds of the Loans to made in connection with such Borrowing.

Use of Proceeds Certificate means, with respect to any Advance, a certificate in form, substance, and detail reasonably satisfactory to the Administrative Agent, duly executed by a Responsible Officer of the Borrower (a) describing the intended use of proceeds of such Advance, which shall be an Acceptable Business Purpose, and the proposed timing for such use, and (b) certifying that the proceeds of the applicable Advance will be used for such described use within five Business Days after the making of such Advance, or will otherwise be repaid to the extent required pursuant to Section 2.6(b)(iv).