Purpose of Issue. The Proceeds of the Lease, together with certain other funds, will be used to finance the Project, which constitutes a valid governmental purpose (the "Governmental Purpose"). The total amount of Proceeds received by the Lessee will not exceed the amount necessary to finance the Governmental Purpose. The Lease is being entered into at this time in such amount because the Lessee is obligated or will soon be obligated to make certain payments with respect to the Project and because it would be costly and inefficient to issue additional debt in the future to finance additional payments with respect to the remainder of the costs of the Project that are expected to become due.
Purpose of Issue. The Proceeds of the Financing Agreement, together with certain other funds, will be used [(i) to fund a portion of a Reasonably Required Reserve or Replacement Fund (the “Reserve Fund”) and (ii)] to finance the Project, [each of] which constitutes a valid governmental purpose (the “Governmental Purpose”). The total amount of Proceeds received by the Participant will not exceed the amount necessary to finance the Governmental Purpose. The Financing Agreement is being entered into at this time in such amount because the Participant is obligated or will soon be obligated to make certain payments with respect to the Project and because it would be costly and inefficient to issue additional debt in the future to finance additional payments with respect to the remainder of the costs of the Project that are expected to become due.
Purpose of Issue. The Series 2019-A Bonds authorized to be issued under the Agreement and this Fortieth Supplemental Agreement shall be designated as “Los Angeles County Metropolitan Transportation Authority Proposition A First Tier Senior Sales Tax Revenue Refunding Bonds, Series 2019-A,” and issued in the original principal amount of $[PARA]. The Series 2019-A Bonds are being issued for the purposes of providing funds to current refund and defease the Refunded Bonds and to pay the Costs of Issuance allocable to the Series 2019-A Bonds.
Purpose of Issue. Provide funds for (i) the purchase of SBS’s 30.4% ownership stake in TVN for the Euro equivalent of USD 145,000,000 (as determined on closing of the Share Purchase Agreement), (ii) the repayment of the existing bank credit facilities currently outstanding in the amount of approximately USD 50,000,000 provided to TVN by the bank syndicate headed by BPH-PBK Bank (the “Bank”) (in the event that the Bank does not consent to the issue of the high yield bonds and TVN chooses to prepay its facilities), (iii) the purchase of TVN 24 by TVN and other assets (in the event that the Bank grants its consent to the high yield bonds and the credit facilities remain in place) and (iv) the funding of all issuance and related transaction costs.
Purpose of Issue. States the purpose for issuing the document.
Purpose of Issue. The Proceeds of the Financing Agreement, together with certain other funds, will be used to fund a portion of a Reasonably Required Reserve or Replacement Fund (the "Reserve Fund") and to redeem the Prior Obligations, each of which constitutes a valid governmental purpose (the "Governmental Purpose"). The total amount of Proceeds received by the Participant will not exceed the amount necessary to finance the Governmental Purpose. The Financing Agreement is being entered into at this time to achieve debt service savings.
Purpose of Issue. The Issue is being issued to provide funds to pay costs of the Project by lending the Sale Proceeds of the Issue to the Borrower to be used to pay costs of the Project.
Purpose of Issue. It is not applying for issue of the Subscription Securities with the purpose of the selling or transferring the Subscription Securities, or granting, issuing or transferring interests in, or options over, them.
Purpose of Issue. The Rationalisation Transaction Agreement will secure, for the Company, a direct contractual relationship with Etisalat under the terms of the Etisalat Renewal or the New Etisalat Agreement, facilitating continued expansion of the Company’s core gamified social e- commerce business. This direct contractual relationship between the Company and Etisalat results in additional revenue accruing to the Company that, under the previous arrangement, would have accrued to YuuZoo UK and/or YZ Aus.
Purpose of Issue. ISSUED TO: ................................................................ REFERENCE NO: ................................................................ The Documentation issued for tender will be returned to the Construction Subcontractor by unsuccessful tenderers or formally confirmed as having been destroyed. Returned Documentation will be recorded against that issued and kept available for audit inspections. Receipt of Documentation issued by the Construction Sub-contractor to third parties will be required to be acknowledged in writing to the Construction Sub-contractor. A return slip will be incorporated within the Transmittal Note for this purpose. The Documentation Security Officer will investigate non-returns of acknowledgement slips. A database of all transmittals and returns will be maintained by the Documentation Security Officer. The procedures set out in this Schedule and any others which may be developed relating to security and/or confidentiality, will be incorporated within the Construction Subcontractor's overall Project Quality Plan as part of the Quality System and as such will be subject to periodic audit by the Construction Sub-contractor, the Contractor and the Independent Engineer. Design Development and Documentation Produced Off Site The Contractor shall procure that the Construction Sub-contractor imposes a contractual obligation on its subcontractors and suppliers who have a design responsibility so that these sub-contractors operate a security and confidentiality system which is equivalent to the provisions set out in Clause 6. The sub-contractors' system shall be capable of audit by the Construction Subcontractor. The sub-contractors and suppliers with design responsibility will be required to appoint a named security officer to implement and oversee the security and confidentiality procedures required in accordance with Clause 7.1
