Example ContractsClausesBreach of Use of Proceeds
Breach of Use of Proceeds
Breach of Use of Proceeds contract clause examples

Breach of Use of Proceeds. Failure by Maker to comply with the provisions of Section 5 of this Note.

Breach of Use of Proceeds. Failure by Maker to comply with the provisions of Section 5 of this Note.

Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely for commercial purposes as follows: for general corporate purposes, including working capital needs of the Borrower and its Subsidiaries (including repayment of such Subsidiaries’ debts), capital expenditures, acquisitions, and for stock repurchases and dividend payments by the Borrower, in each case, to the extent permitted by this Agreement.

Use of Proceeds. The Maker hereby represents, warrants and covenants to the Payee, that the entire principal amount will be used by the Maker solely for purposes of making payments to extend the period the Maker has to complete an initial business combination as described in the proxy statement filed with the Securities and Exchange Commission on July 1, 2022.

Use of Proceeds. The proceeds of the Loans shall be used by the Borrower for general corporate purposes not in contravention of any Requirement of Law or of any Transaction Document.

Use of Proceeds. The Borrower covenants and agrees that the proceeds of the Loans will be used exclusively # for the working capital and general corporate purposes of the Borrower, and # to pay or reimburse permitted fees and expenses in connection with this Agreement. The Borrower will not, nor will it permit any Subsidiary to, use any of the proceeds of the Borrowings to purchase or carry any “margin stock” (as defined in Regulation U) in each case in violation of [Section 5.12] above. The Borrower will not request any Loan, and will not use, and the Borrower will ensure that its Subsidiaries and its or their respective directors, officers, employees and agents shall not use, the proceeds of any Loan in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws. The Borrower will not, directly or indirectly, use the proceeds of the Loans, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other Person, # to fund any activities or business of or with any Person, or in any country or territory, that, at the time of such funding, is, or whose government is, the subject of Sanctions, or # in any other manner that would result in a violation of Sanctions by any Person (including any Person participating in the Loans, whether as underwriter, advisor, investor, or otherwise).

Use of Proceeds. (a) The proceeds of the Loans shall be used by the Company for general corporate purposes.

Use of Proceeds. The Borrower shall utilize the proceeds of the Advances made hereunder solely for # the repayment of Advances made and the payment of any fees due hereunder, # the purchase of Transferred Receivables from the Originators pursuant to the Sale Agreement, # the payment of distributions to the Parent, # the repayment of Subordinated Loans, and # the payment of administrative fees or Servicing Fees or expenses to the Servicer or routine administrative or operating expenses, in each case only as expressly permitted by and in accordance with the terms of this Agreement and the other Related Documents. The Borrower shall utilize the proceeds of the Releases hereunder solely for # the purchase of Transferred Receivables from the Originators pursuant to the Sale Agreement and # the repayment of Subordinated Loans.

Use of Proceeds. Borrower shall use the proceeds of the Credit Extensions solely as working capital and to fund its general business requirements in accordance with the provisions of this Agreement, and not for personal, family, household or agricultural purposes.

Use of Proceeds. Each Borrower agrees that the proceeds of the Loans shall be used solely to repay existing Indebtedness (including, without limitation, Indebtedness of Eidos under the Eidos Loan Agreement), pay related fees and expenses in connection with this Agreement and for working capital and general business purposes, including, without limitation, Investments in Platform Companies, repurchases of common stock of New Parent or repurchases or redemptions of Permitted Convertible Debt. The proceeds of the Loans will not be used in violation of Anti-Corruption Laws or applicable Sanctions.

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