Borrower Equity Sample Clauses

Borrower Equity. Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer.

Borrower Equity. TCPC directly or indirectly owns, free and clear of Liens, and has the unencumbered right to vote, all outstanding ownership interests in the Borrower.

Borrower Equity. Lender shall have received evidence that the Initial Equity Investment has been fully expended to pay Budget Costs.

Borrower Equity. Lender shall have received satisfactory evidence immediately prior to the closing of the Acquisition, that Borrower has deposited with the escrow agent handling the Acquisition the amount necessary to close the Acquisition (after taking into account the funding of the Loan) as more fully reflected in its settlement statement prepared by such escrow agent and approved by Lender. 

Borrower Equity. Borrower shall have furnished to Lender evidence satisfactory to Lender that Borrower has expended from its own funds (a) at least twenty percent (20%) of the aggregate purchase price of the Project and (b) one hundred percent (100%) of all other amounts payable in connection with the purchase of the Project and the closing of the Loan.

Borrower Equity. Borrower must have (i) paid toward the acquisition of the Leasehold Estate, (ii) deposited into the Advance Account and/or a Special Account, and/or (iii) otherwise invested into the Property in a manner acceptable to Lender in its sole discretion, a sum of money equal to the Borrower Equity to be used for the purposes specified in the Budget.

Borrower Equity. Borrower shall cause the Borrower Equity to be contributed to or applied in payment of the costs and expenses incurred by Borrower in connection with Borrower’s acquisition of the Property (none of which shall be removed as Borrower’s equity from the Property or utilized to pay any fees, costs, refunds or other charges for the Property or the Loan transaction), including the payment to Seller of a portion of the purchase price payable for the Property, prior to the disbursement by Lender of any initial proceeds of the Loan or disbursements of the Loan subsequent to the Effective Date.

Borrower Equity. Borrower shall, at Lender’s request, have provided evidence acceptable to Lender of prepaid expenses, non-cash contributions, or available funds to be contributed toward the purchase of the Property (if applicable) and the completion of the Project, which Equity Funds, when added to the aggregate amount of the Loan funds available for disbursement for budgeted costs, will provide sufficient funds to complete the Project in accordance with the Plans and Specifications and the Budget.

Borrower Equity. The Lender shall have received evidence satisfactory to it that the Borrower shall have equity capital in an amount at least equal to $1,000,000, and that such amount shall have been deposited in the Principal Collection Account.