Use of Net Proceeds. In accordance with the Community of Xxxxxx net proceeds policy, the mission center officers will be responsible for developing a proposal for the use of net proceeds in consultation with the field apostle and the mission center council. The resolution to sell Camp Manitou indicates that the net proceeds “shall be utilized for pursuing mission through the development of campground properties and mission center camping and gathering activities.” The mission center officers will develop and guide a dialogue and discernment process in the coming months to explore ideas and options for the use of net proceeds. Conversation will occur at summer reunions and August budget presentations. Additional feedback through surveys may also be gathered. To provide for an open and Spirit-led discernment process, no deadline or expectation is in place at this time for bringing a proposal to a mission center conference.
Use of Net Proceeds. The Company will use the net proceeds received by it from the sale of the Shares in the manner specified in each of the Disclosure Package and the Prospectus under “Use of Proceeds.”
Use of Net Proceeds. The net proceeds of the Development Notes shall be used solely for the purposes set forth in Section 2.08.
Use of Net Proceeds. The Borrower Parties will use the net proceeds of the Development Notes for the purposes set forth in Section 2.08 hereof.
Use of Net Proceeds. The Company proposes to raise funds by way of the Issue for the following purposes as set out in the Letter of Offer:
Use of Net Proceeds. Sellers agree that the Purchase Price, the Cash Amount, any interest accruing on Sellers’ portion of the Adjustment Escrow Amount or General Escrow Amount, any portion of the Adjustment Escrow Amount paid to Sellers, and any remaining portion of the Escrow Amount paid to Sellers following the expiration of the Escrow Period (collectively, the “Net Proceeds”), shall only and exclusively be used, distributed, directed, invested or allocated in accordance with those terms set forth in Exhibit C.
Use of Net Proceeds. 2.1 The Company proposes to raise finance by way of the Fresh Issue for the following purposes, all as more particularly to be set out in the Prospectus:
Use of Net Proceeds. 2.1 The Company proposes to utilise the Net Proceeds from the Fresh Issue for the following purposes as more particularly set out in the Red Xxxxxxx Prospectus and the Prospectus for inter alia:
Use of Net Proceeds. In accordance with the Community of Xxxxxx net proceeds policy, the mission center officers will be responsible for developing a proposal for the use of net proceeds in consultation with the field apostle and the mission center council. The resolution to sell Camp Manitou indicates that the net proceeds “shall be utilized for pursuing mission through the development of campground properties and mission center camping and gathering activities.” The mission center officers will develop and guide a dialogue and discernment process in the coming months to explore ideas and options for the use of net proceeds. Conversation will occur at summer reunions and August budget presentations. Additional feedback through surveys may also be gathered. To provide for an open and Spirit-led discernment process, no deadline or expectation is in place at this time for bringing a proposal to a mission center conference. Are you able to share the identity of the buyer? A: Yes, the buyer is C.K.S.K. LLC. What does the buyer intend to do with the property?
Use of Net Proceeds. All Net Proceeds from the Transaction shall be used by Seller to purchase Seller notes and pay down of Seller’s corporate debts unless otherwise agreed upon by the parties prior to expiration of the Inspection Period.
