Use of Net Proceeds. The Company will use the net proceeds received by it from the sale of the Shares in the manner specified in each of the Disclosure Package and the Prospectus under “Use of Proceeds.”
Use of Net Proceeds. In accordance with the Community of Xxxxxx net proceeds policy, the mission center officers will be responsible for developing a proposal for the use of net proceeds in consultation with the field apostle and the mission center council. The resolution to sell Camp Manitou indicates that the net proceeds “shall be utilized for pursuing mission through the development of campground properties and mission center camping and gathering activities.” The mission center officers will develop and guide a dialogue and discernment process in the coming months to explore ideas and options for the use of net proceeds. Conversation will occur at summer reunions and August budget presentations. Additional feedback through surveys may also be gathered. To provide for an open and Spirit-led discernment process, no deadline or expectation is in place at this time for bringing a proposal to a mission center conference.
Use of Net Proceeds. The net proceeds of the Development Notes shall be used solely for the purposes set forth in Section 2.08.
Use of Net Proceeds. The Borrower Parties will use the net proceeds of the Development Notes for the purposes set forth in Section 2.08 hereof.
Use of Net Proceeds. Sellers agree that the Purchase Price, the Cash Amount, any interest accruing on Sellers’ portion of the Adjustment Escrow Amount or General Escrow Amount, any portion of the Adjustment Escrow Amount paid to Sellers, and any remaining portion of the Escrow Amount paid to Sellers following the expiration of the Escrow Period (collectively, the “Net Proceeds”), shall only and exclusively be used, distributed, directed, invested or allocated in accordance with those terms set forth in Exhibit C.
Use of Net Proceeds. Subject to the prior rights of the holder of any Superior Encumbrance, the Net Proceeds of casualty insurance relating to the Project, the Net Proceeds of any taking by eminent domain or sale in lieu thereof, of the Project or the Net Proceeds of any other sale of the Project, or any part thereof, shall, upon receipt, be applied as provided in Article VII of the Lease. The Debtor and the Secured Party shall each be entitled to enforce the provisions of the Lease relating to the use of such Net Proceeds.
Use of Net Proceeds. 2.1 The Company proposes to raise finance by way of the Issue for the following purposes as set out in the Prospectus: • Repayment and/ or prepayment, in full or part, of certain borrowings availed by the Company • Funding working capital requirements of the Company; and • General corporate purposes (Collectively, referred to herein as the “Objects of the Issue”).
Use of Net Proceeds. The net proceeds of the Note shall be used solely for the purposes set forth in Section 2.08.
Use of Net Proceeds. The Borrower will use the net proceeds of the Note for the purposes set forth in Section 2.08 hereof.
Use of Net Proceeds. 2.1 The Company proposes to raise finance by way of the Fresh Issue for the following purposes, all as more particularly to be set out in the Prospectus:
