Use of the Proceeds. The Borrower shall apply the proceeds of the Loan from the District solely as follows:
Use of the Proceeds. The Company will not use any proceeds of the Notes, whether directly or indirectly, and whether immediately, incidentally or ultimately, (a) to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, or (b) for any purpose that would breach or violate any applicable Anti-Money Laundering Laws or Anti-Corruption Laws.
Use of the Proceeds. The City and the Authority hereby agree that the lease to the Authority of the City’s right and interest in the Property pursuant to Section 2 serves the public purposes of the City.
Use of the Proceeds. The Loans will be used promptly and exclusively as stated in the preamble of this Agreement.
Use of the Proceeds. In accordance with the Act, the purchase price of the Sales Tax Revenues payable to the City pursuant to this Sale Agreement corresponding directly or indirectly to the proceeds of the Series 2017 Bonds (net of Financing Costs) shall be deposited, on the Closing Date, into the City Proceeds Account within the Proceeds Fund, each as defined in the Indenture, in accordance with the provisions of the Indenture, and will be paid to or upon the direction of the City, as determined by the Chief Financial Officer, free from the provisions of this Sale Agreement (except that the City shall remain subject to the provisions of Section 6.04 hereof with respect to such proceeds), except that any portion of the purchase price of the Series 2017 Bonds to be used to refund outstanding obligations of the City shall be deposited with the respective trustee for such obligations on the Closing Date for the purposes of effectuating such refunding.
Use of the Proceeds. The Borrower will use the proceeds of any Loan ------------------- solely for the purpose set out in Section 2.07 or for such other purposes that the Bank may approve in writing. In addition, the Borrower is not engaged principally in, nor does it have as one of its important activities, the business of extending credit for the purpose of "purchasing" or "carrying" any "margin stock" (each within the meaning of Regulation U of the Board of Governors of the Federal Reserve System), and no part of the proceeds of the Loan will be used to purchase or carry any margin stock or extend credit to others for a purpose which violates Regulation U or Regulation X (of said Board of Governors) or any other provision of law or governmental regulation.
Use of the Proceeds. The proceeds from the Notes shall be used for commercial purposes, only, and shall not be used for personal, family, or household purposes.
Use of the Proceeds. The District and the Corporation hereby agree that the lease to the Corporation of the District’s right and interest in the Property pursuant to Section 2 serves the public purposes of the District.
Use of the Proceeds. The debtor agrees to use the money pursuant to the security agreement, note, and grant assistance documents and other requirements by the secured party.
Use of the Proceeds. Borrower shall use the Disbursements solely in accordance with Section 5.1(m).
