Example ContractsClausesDisbursement of Advance Proceeds
Disbursement of Advance Proceeds
Disbursement of Advance Proceeds contract clause examples
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Use of Proceeds. The Company will use the Net Proceeds as described in the Prospectus in the section entitled “Use of Proceeds.”

Use of Proceeds. The Seller, on behalf of itself and of each of its Affiliated Funds, hereby covenants and agrees for the benefit of the Purchaser, that none of the Seller and any Affiliated Fund or any other affiliate of the foregoing shall use, or permit the use of, any of the proceeds from the Securities Sale, or any proceeds received in connection with a Divestment of any Consideration Share, in connection with, either directly or indirectly, funding the business of any Credit Party if the business of any such Credit Party is not being conducted in compliance with applicable law, including the Controlled Substances Act.

Use of Proceeds. Except as set forth on [Schedule 4.7] attached hereto, the Company will apply the net proceeds from the sale of the Securities to be sold by it hereunder for the purposes set forth in the Prospectus Supplement and shall not use such proceeds: # for the satisfaction of any portion of the Company’s debt (other than payment of trade payables in the ordinary course of the Company’s business and prior practices), # for the redemption of any Common Stock or Common Stock Equivalents, # for the settlement of any outstanding litigation or # in violation of FCPA or OFAC regulations.

Use of Proceeds. [[Organization C:Organization]] shall not knowingly use the proceeds of any Transaction hereunder to # pay any obligation of or amounts due to any Affiliate of [[Organization B:Organization]], # purchase any assets from or any assets financed by any Affiliate of [[Organization B:Organization]]; or # purchase any securities issued by any Affiliate of [[Organization B:Organization]].

Use of Proceeds. The Company will, and will cause each Subsidiary to, use the proceeds of the Advances for the Company’s general corporate purposes, including to finance the Borrowers’ and their Subsidiaries’ working capital needs, and for Permitted Acquisitions; provided that:

Application of Proceeds. The Administrative Agent shall apply all proceeds of Collateral to be applied to the Secured Obligations in accordance with the Collateral Documents in the following order:

Use of Proceeds. The proceeds of the Loans shall be used for general domestic corporate purposes. Borrower agrees it shall not Transfer any proceeds of the Loans or make any Investment with proceeds of the Loans to a Subsidiary that is not organized under the laws of the United States.

The proceeds of the Original Tranche B Loans shall be used to pay outstanding obligations of the Borrower and its Subsidiaries under the Existing Credit Facility and fees and expenses relating to the Transactions, to provide working capital and for other general corporate purposes of the Borrower and its Subsidiaries.

Use of Proceeds. Use the proceeds of the Loans for purposes other than as specified in Section 4.23 or use any part of the proceeds of Loans for any purpose which violates, or is inconsistent with, Regulations T, U, or X.

Application of Proceeds. From and during the continuance of any Event of Default (other than any Specified Default during the Forbearance Period), any monies or property actually received by the Administrative Agent pursuant to this Agreement or any other Loan Document, the exercise of any rights or remedies under any Security Document or any other agreement with any Loan Party which secures any of the Obligations (collectively, the “Default Proceeds”), may, at the option of shall be applied by the Administrative Agent (as directed by the Majority [[Organization B:Organization]]), be applied in the following order:

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