Eligible Purpose definition

Eligible Purpose means a purpose that is authorized by the Customer for the use of the Cards and Accounts.

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Eligible Purpose means student scholarships, recruitment of additional faculty, equipment, and simulation centers. Construction of new facilities are not considered eligible.

Eligible Purpose means the development of affordable housing and/or facilities intended to provide supportive services to affordable housing residents and low-income households in the nearby community.

Examples of Eligible Purpose in a sentence

• A Card can only be used by the Cardholder in whose name it has been issued and should only be used for an Eligible Purpose.

• Cardholders can use the Card or Card number for any Eligible Purpose including: (a) making Purchases, whether they buy in person, over the phone, using the Internet or by mail order; and (b) making cash withdrawals, which constitute Cash Advances, at one of Royal Bank’s branches, at another financial institution or at an ATM.

• A Physical Card can only be used by the Cardholder in whose name it has been issued and should only be used for an Eligible Purpose, including (i) making Purchases, whether the Cardholder buys in person, over the phone, on the Internet or by mail order; and (ii) making cash withdrawals from the Cardholder Account, which constitute Cash Advances, at one of Royal Bank’s branches, at another financial institution or at an ATM.

• A Virtual Card Number can only be generated by a VPA User and should only be used for making Purchases that are for an Eligible Purpose, whether the VPA User buys over the phone, on the Internet or by mail order.

• The Borrower shall use the proceeds of the Covered EMFS Financing only for the Eligible Purpose.

More Definitions of Eligible Purpose

Eligible Purpose means, in respect of an Applicant, a purpose which provides an economic benefit to the Business of that Applicant or its Group, including, but not limited to:

Eligible Purpose means the allowable uses of Bond Proceeds and Bond Loan proceeds, which includes: (i) financing or Refinancing for community or economic development purposes described in 12 U.S.C. § 4707(b) including, but not limited to, community or economic development purposes in Low- Income Areas or Underserved Rural Areas, as deemed eligible by the CDFI Fund in its sole discretion; (ii) Bond Issuance Fees in an amount not to exceed one percent (1%) of Bond Loan proceeds; and (iii) capitalization of loan loss reserves in an amount that is up to five percent (5%) of the par amount of the Bond Loan, or such other amount that is determined by the CDFI Fund

Eligible Purpose means one of the purposes specified in regulation 3(2);

Eligible Purpose means the allowable uses of Bond proceeds and Bond Loan proceeds, which includes: (i) financing or Refinancing for community or economic development purposes described in 12 U.S.C. § 4707(b) including, but not limited to, community or economic development purposes in low-income areas or underserved rural areas, as deemed eligible by the CDFI Fund in its sole discretion; (ii) bond issuance fees in an amount not to exceed one percent (1%) of Bond Loan proceeds; and (iii) capitalization of loan loss reserves in an amount that is up to five percent (5%) of the par amount of the Bond Loan, or such other amount that is

Eligible Purpose means the funding of the Borrower’s obligations to provide initial cash margin and variation cash margin pursuant to exchange-traded and over-the-counter (OTC) Hedging Arrangements, being, in each case, contracts entered into by the Borrower to hedge its exposure under contracts entered into with third parties to purchase or sell electricity or gas that support ultimate supply in the UK domestic market.

Eligible Purpose means the allowable uses of proceeds of the Bonds and Bond Loans, which includes: (i) the financing or Refinancing of community or economic development purposes described in 12 U.S.C. § 4707(b) including, but not limited to, community or economic development purposes in Low-Income Areas or Underserved Rural Areas, as deemed eligible by

Eligible Purpose means each of the following purposes: