Common use of Excluded Expenditures Clause in Contracts

Excluded Expenditures. The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association

Appears in 3 contracts

Sources: Financing Agreement, Financing Agreement, Financing Agreement

Excluded Expenditures. The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the AssociationAssociation determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the

Appears in 2 contracts

Sources: Financing Agreement, Financing Agreement

Excluded Expenditures. The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the AssociationAssociation determines at any time that an amount of the Financing was used to make a payment for an Excluded

Appears in 1 contract

Sources: Financing Agreement