Proper Use of Funds Sample Clauses

Proper Use of Funds. A. The funds for this grant agreement may be used for:
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Proper Use of Funds. Grantee will not use any portion of the Grant to participate or intervene in any political campaign on behalf of or in opposition to any candidate for public office, to induce or encourage violations of law or public policy, to cause any improper private inurement or private benefit to occur, or to take any other action inconsistent with the Internal Revenue Code or other applicable law.
Sample 1
Proper Use of Funds. The Funding may be used exclusively to pay for Eligible Costs incurred in connection with the purchase of the Premises. If Funding Recipient is seeking a disbursement of the Funding to reimburse itself for Eligible Costs incurred and paid by it in connection with the purchase of the Premises, then Funding Recipient shall use the Funding as follows: (a) first, to repay in full and retire any and all loans, extensions of credit and other financial accommodations incurred or secured by Funding Recipient which are secured by a Lien on the Premises (provided that such loans, extensions of credit and/or other financial accommodations were incurred after the date of the City appropriation of the Funding), and (b) second, to the extent that after paying and retiring such loans, extensions of credit and financial accommodations there remains any balance of the Funding, to reimburse itself for Eligible Costs actually paid by it for the purchase of the Premises.‌‌
Sample 1
Proper Use of Funds. 12 Section 6.04. Obligation to Comply with Requirements. 13 Section 6.05. Maintenance of Existence. 13 Section 6.06. Conduct of Business. 13 Section 6.07. Maintenance of Properties. 13 Section 6.08. Transactions with Affiliates. 13 Section 6.09. Maintenance of and Compliance with Insurance Requirements. 13 Page Section 6.10. Notice of Default. 13 Section 6.11. Other Information. 13 Section 6.12. Assignment. 13 Section 6.13. Liens. 14 Section 6.14. Evidence of Title. 14 Section 6.15. Conflict of Interests. 14 Section 6.16. No Personal Liability. 14 Section 6.17. Anti-Boycott Provisions. 14 Section 6.18. Equal Opportunity and Affirmative Action. 14 Section 6.19. Sale of Assets, Mergers, Etc. 15 ARTICLE 7 BOOKS AND RECORDS, INSPECTIONS AND AUDIT 15 Section 7.01. Maintenance of Books and Records. 15 Section 7.02. Inspection and Audits of Books and Records. 15 Section 7.03. Inspections of the Premises. 15 Section 7.04. Survival. 15
Sample 1

Related to Proper Use of Funds

  • Use of Funds Grantee shall expend funds under this Contract only for approved services and for reasonable and allowable expenses directly related to those services.

  • Allocation and Use of Funds All allocations and use of funds under this Grant shall be in accordance with the applicable federal Notice of Funding Opportunity (NOFO) for the Federal Grant Title specified on this Grant.

  • Source of Funds Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder:

  • Application of Funds After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuer and amounts payable under Article III), ratably among them in proportion to the respective amounts described in this clause Second payable to them; Third, to payment of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations, ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third payable to them;

  • Use of Funds for Lobbying Prohibited The Provider shall comply with the provisions of sections 11.062 and 216.347, F.S., which prohibit the expenditure of contract funds for the purpose of lobbying the Legislature, judicial branch, or a State agency.

  • Use of Funding 4.1 Unless otherwise provided in this Schedule B, the HSP shall use all Funding allocated for a particular Envelope only for the use or uses set out in the Applicable Policy.

  • Limitation of Funds In no case shall the Government’s financial liability exceed the amount obligated under this Agreement.

  • Appropriation of Funds Lessee intends to continue each Schedule to which it is a party for the Schedule Term and to pay the Rent and other amounts due hereunder. Lessee reasonably believes that legally available funds in an amount sufficient to pay all Rent during the Schedule Term can be obtained. Lessee further intends to act in good faith to do those things reasonably and lawfully within its power to obtain and maintain funds from which the Rent may be paid. Notwithstanding the foregoing, in the event sufficient funds are not appropriated to continue the Schedule Term for any fiscal period (as set forth on the Schedule) of Lessee beyond the fiscal period first in effect at the commencement of the Schedule Term, Lessee may terminate the Schedule with regard to those of the Assets on the Schedule so affected. Lessee shall endeavor to provide Lessor with written notice sixty (60) days prior to the end of its current Fiscal Period confirming which Assets on the Schedule will be so affected by the termination. All obligations of Lessee to make Rent Payments due with respect to those Assets after the end of the Fiscal Period for which such termination applies will cease, all interests of Lessee in those Assets will terminate, Lessee shall surrender those Assets in accordance with Section 15 (“Option to Extend; Surrender of Assets”) of this MOLA, and the applicable Schedule shall be deemed amended. Lessee represents and warrants it has adequate funds to meet its obligations during the first fiscal period of the Schedule Term. Lessor and Lessee intend that the obligation of Lessee to make Rent Payments under this MOLA shall constitute a current expense of Lessee and shall not in any way be construed to be a debt of Lessee in contravention of any applicable constitutional or statutory limitation or requirement concerning the creation of indebtedness by Lessee, nor shall anything contained herein constitute a pledge of the general revenues, funds or monies of Lessee or the State of Texas, as applicable, beyond the fiscal period for which sufficient funds have been appropriated to make Rent Payments hereunder.

  • Payment of Funds No federal appropriated funds have been paid or will be paid by or on behalf of the parties to any person for influencing or attempting to influence an officer or employee of any federal agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any federal contract, the making of any federal grant, the making of any federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any federal contract, grant, loan, or cooperative agreement.

  • Investment of Funds NCPS will not commingle Escrow Funds received by it in escrow with funds of others and shall not invest such Escrow Funds. The Escrow Funds will be held in a non-interest bearing account.

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