Common use of Advance of Equity Clause in Contracts

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by Inergi. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiXxxxx Power. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for or until the house is turned over to Inergi Xxxxx Power or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by Inergi. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiESA. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for or until the house is turned over to Inergi ESA or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeSMOVING EXPENSES

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiAMEC NSS. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi AMEC NSS or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiXxxxx Power. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi Xxxxx Power or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiBruce Power. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for or until the house is turned over to Inergi Bruce Power or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiVertex. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi Vertex or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiNHSS. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi NHSS or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiESA. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for or until the house is turned over to Inergi ESA or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiNWMO. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi NWMO or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiESA. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for or until the house is turned over to Inergi ESA or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeSMOVING EXPENSES 52.1 Intent

Advance of Equity. In order to provide the employee with funds for a deposit or down payment on a residence at the new location, an advance of up to 100% of the employee’s equity (Purchase Guarantee minus encumbrances) in the residence at the former location may be loaned to the employee by InergiOPG. Advance of equity is interest free for employees who avail themselves of the Purchase Guarantee for 90 days for until the house is turned over to Inergi OPG or until the closing date of the sale of the house to a third party, whichever comes first. For employees who reject the Purchase Guarantee, the advance of equity is interest free for 90 days. Repayment is as set out in the Relocation Assistance Benefits brochure. 52 moving expenSeS.