Equity Requirements. Developer shall have and maintain Committed Investments totaling not less than 10 percent of the Total Project Capital Cost, less the cumulative Milestone Payments, each expressed in year of expenditure terms, throughout the period between the Effective Date and the Substantial Completion Date, except to the extent:
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 “
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. 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. 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. The equity re- quirements of § 1980.441 of this subpart do not apply to BIB loans.
Equity Requirements. The equity re- quirements of § 1980.441 of this subpart do not apply to BID loans.
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. (a) With respect to the Project, prior to the Closing Date, Borrower shall provide to Lender, for its approval, the Project Budget such that Lender can confirm and approve the aggregate Underlying Mortgage Loan amount of One Hundred Thirty-Two Million and No/100 Dollars ($132,000,000.00).
Equity Requirements. As a condition precedent to Lender's obligations under Section 3.1, Borrower shall contribute Three Million Nine Hundred Twenty-Five Thousand One Hundred Seventy Six and No/100 Dollars ($3,925,176.00) of its funds to the Property as set forth in the Budget.
