What Is a Proscribed Action

Proscribed Action means (A) any Investment Related Action (including the execution of any agreement or other instrument or the consummation of any transaction or other arrangement) that (1) would involve, authorize or result in (i) any new, or any increase of any existing, funding commitment of the Company, (ii) any …

What are proscribed acts?

Proscribed Act means, in respect of any Person, any of the following: (a) the making, offering or authorization (including acquiescence) for the making or offering of any gift, payment, revenue, promise, profit participation or other advantage, whether directly or indirectly (through any other Person), to or for the …

What is the difference between prescribed and proscribed?

Prescribe means to instruct or dictate a rule for others to follow. A doctor prescribes medicine for treatment. Proscribe, although it sounds similar, is the opposite and means to forbid something. Take two usage articles and call us in the morning.