Equity Requirements Sample Clauses

Equity Requirements. The equity re- quirements of § 1980.441 of this subpart do not apply to BID loans.

Equity Requirements. (a) In order to further align the Executive’s incentives with those of the Stockholders, the Executive shall be required to own prior to the later of: (i) December 31, 2011 or (ii) the close of business on the 33rd Open Trading Day (as defined below) following the date of the execution of this Agreement, common stock of SMTC Corporation with a current market value or cost basis of at least $50,000 (the “Requisite Stock Ownership”). The Executive shall be required to maintain the Requisite Stock Ownership for the duration of his employment hereunder. For the purposes hereof, the term “Open Trading Day” shall mean a day on which NASDAQ market is open for business and which the Executive is not restricted (i.e. “blacked out”) from buying securities of the Corporation or SMTC Corporation by policies instated by the Board or the possession of information which the Board has determined constitutes material non public information.

Equity Requirements. EO 13985 requires federal agencies to develop a comprehensive approach to advancing equity for all, including Black and Brown people and others who have been historically underserved, marginalized, and adversely affected by persistent poverty and inequality. Affirmatively advancing equity, civil rights, racial justice, and equal opportunity is the responsibility of the government and requires a systemic approach to embed fairness in decision-making processes and recognize and redress inequities in policies and programs that serve as barriers to equal opportunity. Recipients of federal financial assistance from HUD are required to comply with any requirements to advance equity as HUD may prescribe in a Notice of Funding Opportunity. Persons who are LGBTQ+ often are a historically underserved community. Recipients may consider the significant barriers and discrimination that persons who identify as LGBTQ+ face and consider ways to support underserved communities, such as LGBTQ+, with respect to their proposed NOFO activities.

Equity Requirements. The equity re- quirements of § 1980.441 of this subpart do not apply to BIB loans.

Equity Requirements. If Bank determines that costs of acquisition of a SLF exceed the amount specified on the Loan Summary, which includes certain specified amounts of "up front" equity and deferred equity to be paid by Borrower, or if Bank at any time determines in its reasonable discretion that the Loan proceeds plus the amount of all equity investments made are not sufficient to meet the Bank's underwriting policies, and to pay all other sums due, then Bank shall, upon written Notice to Borrower, have the option of requiring Borrower to deposit with Bank additional funds from some other source (or submit evidence to Bank of equity investments previously made) in amounts sufficient to cover the anticipated or resulting deficit before Bank will disburse any additional Loan proceeds.

Equity Requirements. If Bank at any time determines in its reasonable discretion that the Loan proceeds plus the amount of all equity investments made or scheduled to be made are not sufficient to fully complete the Improvements in accordance with the Plans and to pay all other sums due under the Loan Documents, then Bank shall have the option of requiring Borrower to deposit with Bank additional funds from some other source (or submit evidence to Bank of equity investments previously made) in amounts sufficient to cover the resulting deficit before Bank will disburse any additional Loan proceeds. Deposited funds shall be advanced as construction progresses in accordance with this Loan Agreement before any additional Loan disbursements are made.

Equity Requirements. Borrower agrees to provide an aggregate equity contribution of no less than an amount equal to the greatest of (i) FIVE MILLION FIVE HUNDRED SIXTY-EIGHT THOUSAND AND NO/100 DOLLARS ($5,568,000.00), (ii) thirty percent (30%) of the Project Costs, or (iii) the Project Costs less the Loan Amount.

Equity Requirements. ‌ Developer shall have and maintain Committed Investments totaling not less than ten percent (10%) of the Total Project Capital Cost, less the cumulative Milestone Payments (each expressed in year of expenditure terms), throughout the period between the date of Financial Close and the Substantial Completion Date, except to the extent: 13.6.1 IFA otherwise approves in writing in its sole discretion; 13.6.2 Developer must reduce the amount of Committed Investments below ten percent (10%) as part of a workout of a breach or default under the Initial Funding Agreements or Initial Security Documents; or 13.6.3 The amount of Committed Investments is reduced below ten percent (10%) because Developer incurs additional Project Debt pursuant to a Rescue Refinancing.‌

Equity Requirements. Borrower shall at all times until the Indebtedness is paid in full maintain sufficient equity in the Mortgaged Property (excluding any mezzanine debt and other forms of subordinate financing) to ensure the Loan is not HVCRE

Equity Requirements. Borrower shall have delivered to Lender evidence satisfactory to Lender in its reasonable discretion that all amounts in excess of the amount of Loan proceeds deposited into the Construction Reserve Account which are necessary to complete construction of the Improvements have been expended by Borrower for such purposes, or have been deposited by Borrower into the Construction Reserve Account.