Approved Purposes. The Freddie Mac Servicing Contract Rights and related Collateral may only be pledged, and the proceeds of the Loans may only be used, for the purposes set forth in the Freddie Mac Acknowledgment Agreement.
Approved Purposes. The Partnership covenants and agrees that the Partnership Agreement does, and during the Term will continue to, provide that the Approved Purposes do not include per capita distributions or other forms of direct per capita distributions of any portion of the Limited Partner Distributions to Members or any other Person. For greater certainty, per capita distributions will not include payments or reimbursements to Members except for those Members bonafide participating in programs and services, such as, for example, housing, education or training programs.
Approved Purposes. The Deposit, and any portion thereof, may be used solely for the purposes and the amounts set forth on Schedule 2.11(b) and not any other purpose without the prior written approval of Buyer. Without limiting the generality of the foregoing, no portion of the Deposit may be used to pay any amounts owing (i) pursuant to any of the Excluded Liabilities, (ii) to the Majority Stockholder or any other Affiliate of Seller, (iii) to any member of Seller's Board of Directors or (iv) to any investment bankers, attorneys, accountants, consultants or other agents or advisors of Seller or any of its Affiliates, whether or not in connection with this Agreement, the Ancillary Agreements or the transactions contemplated hereby or thereby, in each case except to the extent set forth on Schedule 2.11(b). The parties agree that notwithstanding that Schedule 2.11(b) identifies a total amount greater than $1.5 million, neither Buyer nor Parent is obligated in any way or for any reason to increase the Deposit above $1.5 million.
Approved Purposes. The approved purposes are: • The purchase of the University’s portion of College Pension Plan past service for faculty employed as of July 31, 1995, who, prior to 1989, were unable to enrol in the College Pension Plan; • The purchase of the employer’s portion of the College Pension Plan past service for faculty employed as of July 31, 1995 who, prior to 1989 did not join the College Pension Plan. Retraining for continuing employees facing the loss of work due to reduction or changing curriculum requirements; Retraining for continuing employees to meet new minimum credential requirements or to facilitate their return to duties in other areas of the University; Reimbursement of continuing employees for professional development expenses on the basis of sections worked; • Contribution to a matching Grants Fund to encourage the use of Article 24, Educational Partnership; • Additional contributions to the Paid Educational Leave Fund (10.4.1.1.4); • CFA Award Program; • The cost of benefits, scale placement and step advancement for Private Music Instructors calculated at eighty-‐eight (88) hours per section. These costs will be mutually agreed; • Other purposes as mutually agreed to by the University and the Union.
Approved Purposes. Closets, cabinets, and exterior storage rooms (where available) are provided for the tenant’s exclusive use to store personal household belongings. Storage must be in a manner that is safe and sanitary. Foods must be in closed containers and not accessible by roaches or insects. Clothing and other personal items must be stored in a manner that does not create a fire hazard.
Approved Purposes. Without limiting any of the restrictions on use of HPD Products, Purchaser acknowledges and agrees that HPD Products may NOT be used on an automobile that is not utilized in road racing, off-road racing, or on a closed-circuit racetrack and may NOT be resold to customers located outside the United States or Canada or to persons whom Purchaser knows or has reason to know will be exporting the Products outside the United States or Canada.
Approved Purposes. Borrowers shall use the principal of the Loan for the Approved Purposes. Each Borrower hereby acknowledges and agrees that the Approved Purpose of “working capital” (i) shall be used to pay a Borrower’s general and administrative expenses incurred in the ordinary course of business, and (ii) shall be consistent with such Borrower’s proposed business operations as approved by Lender. The Borrowers acknowledge and agree that each Borrower has been allocated portions of the principal of the Loan for certain Approved Purposes. No Borrower shall use principal of the Loan other than the principal which has been allocated to such Borrower.
Approved Purposes. Accept the Loan Advance in accordance with the provisions hereof and if such Loan Advances is made, use or cause the Loan Advance to be used solely for the purposes permitted under this paragraph and Section 2.3.
Approved Purposes. (a) in relation to the University, means the purposes of conducting the Research Project and
Approved Purposes. Borrower will not use the proceeds of the Loan for any purpose except for Approved Purposes. Article Five Certain Covenants Until payment and performance in full of the Indebtedness and Obligations, Borrower covenants and agrees that:
