Common use of Advance of Equity Clause in Contracts

Advance of Equity. 26.6.5.1 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 employee's principal residence at the former location may be loaned to the employee by the Company.

Appears in 4 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Advance of Equity. 26.6.5.1 23.6.5.1 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 employee's principal residence at the former location may be loaned to the employee by the Company.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Advance of Equity. 26.6.5.1 23.6.5.1 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 one hundred percent (100% %) of the employee's equity (Purchase Guarantee minus encumbrances) in the employee's principal residence at the former location may be loaned to the employee by the Company.

Appears in 1 contract

Samples: Collective Agreement

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Advance of Equity. 26.6.5.1 24.6.5.1 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 employee's principal residence at the former location may be loaned to the employee by the Company.

Appears in 1 contract

Samples: Partnership Agreement And

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