Common use of Prohibited Facilities Clause in Contracts

Prohibited Facilities. No proceeds of the Bonds will be used to provide, or to refinance, an airplane, skybox or other private luxury box, any facility primarily used for gambling, or any store the principal business of which is the sale of alcoholic beverages for consumption off premises, land to be used for farming purposes or any health club facility.

Appears in 6 contracts

Sources: Loan Agreement (Macquarie Infrastructure Corp), Loan Agreement (Agl Resources Inc), Loan Agreement (Agl Resources Inc)

Prohibited Facilities. No proceeds None of the Proceeds of the Bonds will be used to provideprovide any health club facility, or to refinance, an airplane, skybox sky-box or other private luxury box, any facility primarily used for gambling, or any store the principal business of which is the sale of alcoholic beverages for consumption off premises, land to be used for farming purposes or any health club facility.

Appears in 5 contracts

Sources: Loan Agreement (Cleco Corp), Loan Agreement (Cleco Corp), Loan Agreement (Cleco Corp)

Prohibited Facilities. No proceeds portion of the Bonds Bond proceeds will be used to provide, or to refinance, an provide any airplane, skybox skybox, or other private luxury box, any facility primarily used for gambling, or any store the principal business of which is the sale of alcoholic beverages for consumption off premises, land to be as such terms are used for farming purposes or any health club facilityin Code § 147(e).

Appears in 4 contracts

Sources: Tax Compliance Agreement, Tax Compliance Agreement, Tax Compliance Agreement