Borrower’s Equity. Evidence that Borrower and Owner have invested in the Collateral Property or otherwise expended for Project Costs in accordance with the Project Budget Borrower’s Minimum Equity Investment as required under Section 9.1.
Borrower’s Equity. Prior to the Closing Date, the Borrower shall have provided evidence to the Agent’s sole satisfaction of its having contributed total equity in the Project of $60,120,000.
Borrower’s Equity. As of any date of determination, Borrower’s funds expended on Project costs in accordance with this Agreement as of such date, including Borrower’s Funds and capital contributions made by the Tax Credit Investor, but excluding proceeds of the Borrower Loan, as determined by Bank in its sole discretion.
Borrower’s Equity. Permit the stockholder's equity of the Borrower and its Subsidiaries on a consolidated basis determined in accordance with GAAP as of the last day of any fiscal quarter to be less than $700,000,000, but excluding the effect of other comprehensive income included in or excluded from stockholder's equity on account of Statement No. 130 of the Financial Accounting Standards Board and similar accounting rules.
Borrower’s Equity. Except for the Initial Advance, Borrower shall have applied Borrower’s Equity to pay certain Project Costs included in the Project Budget approved by Administrative Agent, and Borrower shall have furnished Administrative Agent with a schedule showing the payment of such funds for Project Costs and evidence of such payment.
Borrower’s Equity. Borrower shall ensure that all of Borrower’s Equity is contributed to Borrower by its members and shall, upon the request of Agent, provide Agent with an accounting of all equity contributions actually received by Borrower;
Borrower’s Equity. The term “Borrower’s Equity” shall mean the amount of Borrower’s cash equity investment in the Land and the Improvements as reasonably calculated from time to time by Lender. Borrower’s Equity shall be at least equal to the total cost shown on the Approved Budget less the proceeds of the Loan, but will in no event be less than $7,191,000.00. The amount of Borrower’s Equity required may be increased in the event additional funding is required pursuant to the terms of Section 2.02 of this Agreement.
Borrower’s Equity. Borrower shall have applied Borrower’s Equity to pay for Project Costs included in the Project Budget, and Borrower shall have furnished Lender with a schedule showing the payment of such funds for Project Costs and evidence of such payment.
Borrower’s Equity. As a condition precedent to Lender’s funding of the Loan on the Closing Date, Borrower shall furnish to Lender evidence establishing to Lender’s satisfaction that the Owner, Borrower and/or Guarantors have directly or indirectly made equity contributions to the Project in the amount of at least $844,982.00, which amount may include up to $435,084.00 of the Development Fee (whether or not such fee is paid, waived or deferred) (“Borrower’s Minimum Equity Investment”). Any contributor of equity shall be subordinate to Lender, provided, however, that any such contributor of equity shall have the right to receive payments with respect to such equity so long as no Default or Event of Default exists.
Borrower’s Equity. On or prior to the Closing Date, Borrower shall ------------------ have invested cash equity in the Project in an aggregate amount not less than Two Million Eighty-Three Thousand and No/100 Dollars ($2,083,000.00) ("BORROWER'S EQUITY"). Borrower's Equity may be used to purchase the Project. 3.3.
