Common use of Use of Net Proceeds Clause in Contracts

Use of Net Proceeds. The net proceeds Purchaser receives, shall only be used to finance or reimburse Purchaser for direct costs associated with any activities performed on the Historic Structures pursuant to an approved Work Plan under Paragraph 18. Net proceeds may not be used (i) for indirect costs associated with activities on the Historic Structures or (ii) for costs associated with fulfilling any other obligation under this Settlement, including any activities under Paragraph

Appears in 2 contracts

Sources: Administrative Settlement Agreement, Administrative Settlement Agreement