Qualifying Expenditures Clause Samples

Qualifying Expenditures. Recipient agrees that the Funds will be used to help defray Recipient’s operating expenses during the Term.
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Qualifying Expenditures. Expenditures incurred by the Grantee or Property Owner prior to execution of this Agreement are not eligible expenditures for State reimbursement. If the Project involves matching funds the State may allow prior expenditures in furtherance of the Scope of Work to be counted as part of such matching funds.
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Qualifying Expenditures. Qualifying expenditures" means capital investment expenditures that are paid for with nongovernmental funds and are made after a business becomes designated as a job creation fund business.
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Qualifying Expenditures. All allocations of Proceeds of the Lease will be made to expenditures for costs of the Equipment that either (a) are paid directly to third-party vendors for the costs of the Equipment on or after the Issue Date or (b) satisfy the terms of Section 2.4.3 hereof for a Reimbursement Allocation.
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Qualifying Expenditures. Municipality agrees to submit reimbursement requests for funds for expenditures allowed under the state’s Grant Agreement with the County, for federal and state purposes in preparations for and the necessary events connected with the primary election to be held August 11, 2020 and the general election to be held November 3, 2020, at which federal offices are on the ballot. The form of the municipality reimbursement request and any supporting documentation is at the sole discretion of the Grantee.
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Qualifying Expenditures. The expenses to be renounced by the Issuer to each Purchaser: (a) will constitute Qualifying Expenditures on the effective date of the renunciation; (b) will not include expenses that are (1) "Canadian exploration and development overhead expenses" (as defined in the regulations to the Tax Act for purposes of paragraph 66(12.6)(b) of the Tax Act) of the Issuer, (2) amounts which constitute specified expenses for seismic data described in paragraph 66(12.6)(b.1) of the Tax Act, (3) any expenses for prepaid services or rent that do not qualify as outlays and expenses for the period as described in the definition of "expense" in subsection 66(15) of the Tax Act, or (4) any assistance received by the Issuer of the type described in paragraph 66(12.6)(a) of the Tax Act; (c) will not include any amount that has previously been renounced by the Issuer to such Purchaser or to any other Person; (d) would be deductible by the Issuer in computing its income for the purposes of Part I of the Tax Act but for the renunciation to such Purchaser; and (e) will not be subject to any reduction under subsection 66(12.73) of the Tax Act.
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Qualifying Expenditures. The expenses to be renounced by the Corporation to the Purchasers: (i) will constitute CEE, and Flow-Through Mining Expenditures, on the effective date of the renunciation which is to be no later than December 31, 2013; (ii) will not include expenses that are “Canadian exploration and development overhead expenses” (as defined in the regulations to the ITA for purposes of paragraph 66(12.6)(b) of the ITA) of the Corporation, amounts which constitute specified expenses for seismic data described in paragraph 66(12.6)(b.1) of the ITA, or any expenses for prepaid services or rent that do not qualify as outlays and expenses for the period as described in the definition of “expense” in subsection 66(15) of the ITA; (iii) will not include any amount that has previously been renounced by the Corporation to the Purchasers or to any other Person; (iv) would be deductible by the Corporation in computing its income for the purposes of Part I of the ITA but for the renunciation to the Purchasers; and (v) will not be subject to any reductions under subsection 66(12.73) of the ITA.
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Qualifying Expenditures. (a) The expenses to be renounced by the Company to the purchasers of Flow-Through Shares will constitute Qualifying Expenditures on the effective date of the renunciation and on the date incurred. The expenses to be renounced by the Company to the purchasers of Flow-Through Shares (i) will not include any amount that has previously been renounced by the Company to any of the purchasers of Flow-Through Shares or to any other Person; and (ii) would be deductible by the Company in computing its income for the purposes of Part I of the Tax Act but for the renunciation to the purchasers of Flow-Through Shares. (b) The Company has no reason to believe that it will be unable to incur, on or after the Closing Date and on or before the Termination Date or that it will be unable to renounce to the purchasers of Flow-Through Shares, effective on or before the Termination Date, Qualifying Expenditures in an amount equal to the Commitment Amount and the Company has no reason to expect any reduction of such amounts by virtue of subsection 66(12.73) of the Tax Act. (c) The Company is and will continue to be a “principal-business corporation” as defined in subsection 66(15) of the Tax Act until such time as all of the Qualifying Expenditures required to be renounced under this Agreement and the Flow-Through Subscription Agreements have been incurred and validly renounced pursuant to the Tax Act.
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Qualifying Expenditures. The Corporation has no reason to believe that it will be unable to incur or be deemed to incur, on or after the Closing Date and on or before the Termination Date or that it will be unable to renounce to the Purchasers effective on or before December 31, 2013, Qualifying Expenditures in an aggregate amount equal to the Commitment Amount and the Corporation has no reason to expect any reduction of such amount by virtue of subsection 66(12.73) of the Tax Act.
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Related to Qualifying Expenditures

  • Eligible Expenditures 1. Subject to Article 8.7 of the Regulation, eligible expenditures of this Programme are: (a) management costs of the Programme Operator in accordance with the detailed budget in the financial plan; (b) payments to projects within this Programme in accordance with the Regulation, this programme agreement and the project contract. 2. Eligible expenditures of projects are those actually incurred by the Project Promoter or project partners, meet the criteria set in Article

  • ▇▇▇▇▇▇’S EXPENDITURES If any action or proceeding is commenced that would materially affect ▇▇▇▇▇▇’s interest in the Collateral or if Borrower fails to comply with any provision of this Agreement or any Related Documents, including but not limited to Borrower’s failure to discharge or pay when due any amounts Borrower is required to discharge or pay under this Agreement or any Related Documents, Lender on Borrower’s behalf may (but shall not be obligated to) take any action that Lender deems appropriate, including but not limited to discharging or paying all taxes, liens, security interests, encumbrances and other claims, at any time levied or placed on any Collateral and paying all costs for insuring, maintaining and preserving any Collateral. All such expenditures incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Lender to the date of repayment by ▇▇▇▇▇▇▇▇. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

  • Expenditures The Assuming Institution will pay such bills and invoices on behalf of the Receiver and the Corporation as the Receiver or the Corporation may direct for the period beginning on the date of the Bank Closing Date and ending on Settlement Date. The Assuming Institution shall submit its requests for reimbursement of such expenditures pursuant to Article VIII of this Agreement.

  • Moving Expenses Reimbursements and procedures will be in accordance with the Department of Administrative Services, Chief Human Resource Office Policy 40.055.10, and its successors. Changes in this policy will be automatically incorporated into this contract Article.

  • Excluded Expenditures The Recipient undertakes that the proceeds of the Financing shall not be used to finance Excluded Expenditures. If the Association determines at any time that an amount of the Financing was used to make a payment for an Excluded Expenditure, the Recipient shall, promptly upon notice from the Association, refund an amount equal to the amount of such payment to the Association. Amounts refunded to the Association upon such request shall be cancelled.