Common use of Use of Capital Clause in Contracts

Use of Capital. Capital will be used for purposes as the -------------- Board of Directors shall determine (consistent with any budget or business plan approved pursuant to Section 3.2(b)), including for the payment of Construction Costs.

Appears in 1 contract

Sources: Shareholders Agreement (Global Crossing LTD)

Use of Capital. Capital will be used for purposes as the -------------- Board of Directors shall determine (consistent with any budget or business plan approved pursuant to Section 3.2(b)the Construction Budget (if applicable) and the then current Operating Budget), including for the payment of Construction Costs.

Appears in 1 contract

Sources: Shareholders Agreement (Asia Global Crossing LTD)