Use of Proceeds Contract Clauses (406)

Grouped Into 22 Collections of Similar Clauses From Business Contracts

This page contains Use of Proceeds clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Use of Proceeds. The Parties agree that the foregoing Additional Capital Commitment totaling $1,100,000 shall be used in accordance with the following allocation: 2.1 FFE $210,000 2.2 Construction $800,000 Upon conversion of Medifarm III's Convertible Promissory Note, distributions of profits of the Company shall be made to all Members, pro rata, in accordance with their percentage of Membership Interest, as set forth in the Amended and Restated Operating Agreement (as attached and incorporated herein by referen...ce). NuLeaf Spark Cultivation | Medifarm III Capital Contribution Agreement 1 | Page 4. Representation as to Title and Authority. The Parties hereto represent and warrant to the other that each is not subject to any encumbrance that would prevent the carrying out of the transactions described herein, and that each of the Parties has all requisite authority and power to effect these transactions as contemplated and effected hereby. View More
Found in Terra Tech Corp. contract
Use of Proceeds. The Parties agree that the foregoing Additional Capital Commitment totaling $1,100,000 $860,0,000 shall be used in accordance with the following allocation: 2.1 FFE $210,000 Current construction costs $260,000 2.2 Construction $800,000 Estimated costs for additional packaging area $150,000 2.3 Equipment $250,000 2.4 Additional equipment $200,000 Upon conversion of Medifarm III's Convertible Promissory Note, distributions of profits of the Company shall be made to all Members, pro rata, in accord...ance with their percentage of Membership Interest, as set forth in the Amended and Restated Operating Agreement (as attached and incorporated herein by reference). NuLeaf Spark Cultivation Reno Production | Medifarm III Capital Contribution Agreement 1 | Page 4. Representation as to Title and Authority. The Parties hereto represent and warrant to the other that each is not subject to any encumbrance that would prevent the carrying out of the transactions described herein, and that each of the Parties has all requisite authority and power to effect these transactions as contemplated and effected hereby. View More
Found in Terra Tech Corp. contract
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Use of Proceeds. The proceeds of the loan by Lender, will be used by Borrower, together with other funds of Borrower, to fund a bridge loan (the "Bridge Loan") to Blue Rider San Juan, LLC ("Debtor") in connection with the production of the motion picture known as "Speed Kills" (the "Film"). The international sales agent for the Film is the Debtor.
Found in Almost Never Films Inc. contract
Use of Proceeds. The proceeds of the loan by Lender, will be used by Borrower, together with other funds of Borrower, to fund a bridge loan (the "Bridge Loan") to Blue Rider San Juan, LLC ("Debtor") in connection with the production of the motion picture known as "Speed Kills" "Ana" (the "Film"). The international sales agent for the Film is the Debtor.
Found in Almost Never Films Inc. contract
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