Committed for use definition

Committed for use means an identification of general or specific purposes for which specific portions of the net proceeds from the offering are intended in good faith to be used in the manner and within the time specified in the registration statement. Nothing contained herein shall preclude the issuer from making a good faith reallocation of anticipated expenditures of the net proceeds within the categories specified in the registration statement, or an allocation to new categories not reasonably anticipated at the date the registration statement was declared effective.
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Examples of Committed for use in a sentence

  • Pursuant to the Act, the CDFI Fund shall recapture into the Capital Magnet Fund any amount of the CMF Award that has not been Committed for use by the Recipient as of the date set forth in Schedule 1 of this Assistance Agreement.

  • CMF assistance in the form of a Loan Guarantee is considered Committed for use when the Recipient enters into a legally binding agreement to provide payment to a counterparty under the terms of the Loan Guarantee.

  • If the Recipient uses its CMF Award to fund a Loan Loss Reserve or Loan Guarantee, such funds shall be deemed disbursed, for the purposes of Section 3.2(i) and this Section 4.4, at the time the funds are Committed for use for an identifiable Project and credited to a separate account.

  • The Recipient must report in its Annual Report – Performance Report (as described in Schedule 1-B) the address of at least one qualifying Affordable Housing project at the time the CMF Award funds are Committed for use, in order to demonstrate compliance with Concerted Strategy.

  • CMF assistance in the form of a Loan Loss Reserve is considered Committed for use when the Recipient enters into a legally binding agreement to set aside proceeds of the CMF Award to cover losses on loans, accounts, and/or notes receivable for an identified eligible project.

  • The Recipient shall demonstrate that 100% of the CMF Award is Committed for use by the date set forth in Schedule 1.

  • The Recipient shall demonstrate that the CMF Award is Committed for use by the date set forth in Schedule 1.

  • Withdrawal of a Commitment after the Committed for use date specified in Section 3.2(h) is a Material Event and subject to the reporting requirements outlined in Section 7.8.

  • If the Recipient uses its CMF Award to fund a Loan Loss Reserve or Loan Guarantee, such funds shall be deemed to have been disbursed, for the purposes of Section 3.2(j) and this Section 4.2, at the time that the funds were Committed for use.

  • Notwithstanding the reporting requirements in this Assistance Agreement, including, but not limited to, Section 7.9 and Schedule 1-B, if the Recipient fails to have all of its CMF Award Committed by the date set forth in Schedule 1 of this Assistance Agreement, the Recipient shall notify the CDFI Fund in writing of this failure as a Material Event by no later than thirty (30) days after the Committed for use date set forth in Schedule 1 of this Assistance Agreement.