Use of Funds by Company Sample Clauses

Use of Funds by Company. The Company undertakes to use the sums invested by the Investor[s] solely in accordance with the Business Plan or as otherwise approved by the Investor[s].
Sample 1
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Use of Funds by Company. The Company undertakes to use the sums invested by the Investors solely in accordance with the Business Plan or as otherwise approved by the Investors. value protection [Drafting note: Use the appropriate anti-dilution clause in clause 6.1 (delete the other)] [Narrow-based Weighted-Average anti-dilution] Anti-dilution: If the Company issues any Securities (New Securities) at a price (Dilutive Price) less than the Issue Price (as adjusted for any Share splits or Share dividends) for the [Ordinary Shares][Preferred Shares] issued to the Investors pursuant to this agreement (other than pursuant to an approved Share Scheme) (Relevant Shares), then in each case the Company will issue “X” further Relevant Shares to the Investor (on a pro-rata basis for an aggregate issue price of $10.00), on the following basis: X = D – A WHERE: D = IA / IP A = the number of Relevant Shares then on issue to the Investor immediately prior to the issue of the New Securities. IA = the actual dollar amount invested by the Investor for the Relevant Shares on issue to the Investor and immediately prior to the issue of New Securities. IP = OIP * (A+B)/ (A+C) WHERE: OIP = the Issue Price in respect of the Relevant Shares. A = the number of Relevant Shares on issue (on an as converted basis) immediately prior to the issue of the New Securities. B = the number of New Securities as if they are purchased at the Issue Price (i.e. calculated as the dollar amount of new capital to be invested / Issue Price). C = number of New Securities to be issued in the subject transaction (i.e. calculated as the dollar amount of new capital to be invested / Dilutive Price). [Full-ratchet anti-dilution] Anti-dilution: If the Company issues any Securities (New Securities) at a price (Dilutive Price) less than the Issue Price (as adjusted for any Share splits or Share dividends) for the [Ordinary Shares][Preferred Shares] issued to the Investors pursuant to this agreement (other than pursuant to an approved Share Scheme) (Relevant Shares), then in each case the Company will issue “X” further Relevant Shares to the Investor (on a pro-rata basis for an aggregate issue price of $10.00), on the following basis: X = D – A WHERE: D = IA/DP IA = the actual dollar amount invested by the Investor for the Relevant Shares under this agreement and immediately before the time the anti-dilute is calculated.
Sample 1
Use of Funds by Company. The Company undertakes to use the sums invested by the Investors solely in accordance with the Business Plan or as otherwise approved by the Board. THE COMPANY'S OBJECTS AND BUSINESS Primary objects: The Company's primary objects are to: Business: where consistent with clause 4.1(b) develop and grow the Business in a manner consistent with the Business Plan; and Maximise: maximise the value of the Company. No other business: The Company will not carry on any business other than the Business without the approval of the Board (including the Investor Director).
Sample 1

Related to Use of Funds by Company

  • Use of Funds Grantee shall expend funds under this Contract only for approved services and for reasonable and allowable expenses directly related to those services.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Use of Funding 4.1 Unless otherwise provided in this Schedule B, the HSP shall use all Funding allocated for a particular Envelope only for the use or uses set out in the Applicable Policy.

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Use of Funds for Lobbying Prohibited The Provider shall comply with the provisions of sections 11.062 and 216.347, F.S., which prohibit the expenditure of contract funds for the purpose of lobbying the Legislature, judicial branch, or a State agency.

  • Limitation on Payment of Funds Despite section A4.1:

  • Allocation and Use of Funds All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.

  • OBLIGATION OF FUNDS This BPA does not obligate any funds. WCCA is obligated only to the extent of authorized purchases through Orders actually made under the BPA.

  • Use of Roads by Purchaser Except as provided herein, Purchaser is authorized to use existing National Forest system roads and Specified Roads listed in A7, when Forest Service determines that such use will not cause damage to the roads or National Forest re- sources. If Purchaser’s use of an existing temporary or Na- tional Forest system road, not listed in A7, cannot be sat- isfactorily accommodated without reconstruction, Pur- chaser shall be authorized to use such road upon agree- ment as to the minimum reconstruction work that Pur- chaser shall perform before hauling. When appropriate, such road shall be included in A7 as an alternate facility under B5.26.

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

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