Purpose of the Facilities Sample Clauses

Purpose of the Facilities. The Company shall apply all amounts borrowed by it under the Facilities in or towards financing or refinancing:
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Purpose of the Facilities. The proceeds of the Facilities shall be applied by the Customer for the Purpose. In the event the Customer requires or proposes or intends to use the proceeds of the Facilities for any other purpose, written consent from the Bank must first be obtained by the Customer. The Bank is not bound to ensure that the Customer utilises the Facilities for the Purpose.
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Purpose of the Facilities. (a) The Borrowers will use the Revolving Facility for general corporate purposes.
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Purpose of the Facilities. (a) Tranche A and Tranche B may be used by any Borrower for general corporate purposes, including to finance investments, acquisitions and Distributions;
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Purpose of the Facilities. 2.1 The Facilities shall be utilised to assist with the relevant Obligor's additional working capital requirements, capital expenditure requirements and general corporate purposes.
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Purpose of the Facilities. The proceeds of the Facilities and of all Advances shall be applied by the Borrower for the Purpose. In the event the Borrower requires or proposes or intends to use the proceeds of the Facilities of any Advance for any other purpose, written consent from the Bank must first be obtained by the Borrower.
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Purpose of the Facilities. 3.1. The Borrower shall apply all amounts borrowed by it under the Facilities towards repaying in full all amounts outstanding under the Original Facility Agreement and towards funding the ongoing general corporate costs, working costs and working capital requirements of the Group.
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Purpose of the Facilities. The Customer shall use the facilities provided hereunder for the purpose specified therefore, namely: To finance construction of 45 houses units in the Commonwealth of Northern Mariana Islands.
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Purpose of the Facilities. (a) The Facilities shall be utilised by the Borrower(s) for the respective purposes set out in the Letters of Offer. If the Borrower(s) shall require the utilisation of the Facilities or any part thereof for any other purpose the Borrower(s) shall obtain the prior written consent of the Lender which consent may be withheld, refused or given unconditionally or subject to such terms and conditions as the Lender shall deem fit.
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Related to Purpose of the Facilities

  • Purpose of the Loan The purpose of the Loan is to provide financing for the Borrower’s activities and investments.

  • PURPOSE OF THE TRUST The purpose of the Trust shall be to (a) manage, conduct, operate and carry on the business of an investment company; (b) subscribe for, invest in, reinvest in, purchase or otherwise acquire, hold, pledge, sell, assign, transfer, exchange, distribute or otherwise deal in or dispose of any and all sorts of property, tangible or intangible, including but not limited to Securities of any type whatsoever, whether equity or nonequity, of any issuer, evidences of indebtedness of any person and any other rights, interest, instruments or property of any sort to exercise any and all rights, powers and privileges of ownership or interest in respect of any and all such investment of every kind and description, including without limitation, the right to consent and otherwise act with respect thereto, with power to designate one or more Persons to exercise any of said rights, powers and privileges in respect of any of said investments. The Trustees shall not be limited by any law limiting the investments which may be made by fiduciaries.

  • Purpose of the Agreement ‌ The purpose of this Agreement is to authorize PDL NPDL to charter space to PFLG in the Trade (as hereinafter defined).

  • Purpose of the Company The purpose of the Company shall be to engage or participate in any lawful business activities in which a limited liability company formed in the State of Delaware may engage or participate.

  • Purpose of the Partnership The purpose of the Partnership is to acquire, construct, own and operate the Apartment Housing in order to provide, in part, Tax Credits to the Partners in accordance with the provisions of the Code and the Treasury Regulations applicable to LIHTC and to sell the Apartment Housing. The Partnership shall not engage in any business or activity which is not incident to the attainment of such purpose.

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • Purpose of Loans The proceeds of the Loans shall be used to finance the working capital and general corporate needs of the Borrower and its Subsidiaries, including but not limited to acquisitions.

  • PURPOSE OF THIS AGREEMENT 2.1 To comply with the provisions of Section 57(1)(b),(4B) and (5) of the Systems Act as well as the Contract of Employment entered into between the Parties;

  • Purpose of the Plan The Plan is intended to advance the best interests of the Company, its Affiliates and its stockholders by providing those persons who have substantial responsibility for the management and growth of the Company and its Affiliates with additional performance incentives and an opportunity to obtain or increase their proprietary interest in the Company, thereby encouraging them to continue in their employment or affiliation with the Company or its Affiliates.

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