Common use of General Clause in Contracts

General. The Recipient shall not use the Project or suffer or permit the Project to be used for any Private Business Use. For purposes of the preceding sentence, use pursuant to a contract that satisfies the criteria of paragraphs 2 or 3 of this subsection shall not be regarded as a Private Business Use.

Appears in 663 contracts

Sources: Project Grant/Loan Agreement, Project Loan Agreement, Project Grant/Loan Agreement

General. The Recipient shall not use the Project or suffer or permit the Project to be used for any Private Business Use. For purposes of the preceding sentence, use pursuant to a contract that satisfies the criteria of paragraphs 2 (ii) or 3 (iii) of this subsection shall not be regarded as a Private Business Use.

Appears in 225 contracts

Sources: Project Grant/Loan Agreement, Project Grant/Loan Agreement, Project Grant/Loan Agreement