Owners Equity. The Borrower will, at all times, have a Owners Equity of not less than the Minimum Required Amount. For purposes hereof, the "Minimum Required Amount" shall mean $90,000,000 and shall increase as of July 1, 1996 and as of the first day of each fiscal quarter of the Borrower ending thereafter by an amount equal to 10% of positive Net Income from and after April 1, 1996.
Owners Equity. Lender shall have received evidence sufficient to indicate that Borrower has invested into the Project the minimum Borrower’s Equity. If Lender has not received sufficient evidence, Lender may require Borrower to invest such amounts and provide evidence of the same as a condition to any Advance or may require Borrower to make a Borrower’s Deposit to be held by Lender in the Collateral Account and disbursed prior to any Advances on the Loan.
Owners Equity. The Owners' equity as of the Closing shall not be -------------- less than the Owners' equity as of December 31, 1996, excluding for purposes of the calculation of such Owners' equity the effects of (i) all costs, fees, and charges, including fees and charges of the Company's accountants, counsel and financial advisors, whether or not accrued or paid, that are related to the Transactions and (ii) any reductions in Owners' equity resulting from any actions or changes in policies of the Company taken at the request of Premiere.
Owners Equity. The Borrower will maintain owners' equity in compliance with GAAP of at least $7,000,000.
Owners Equity. In facility management this item is generally the balance of the funds that are due to your location from a specified entity. In general, the amount of loss or gain that the facility is facing in a given year less the amount of funds transferred in from the Contract Administrator.
Owners Equity. Prior to the funding of the Loan, Owner shall deposit with Lender, or as Lender shall direct, (a) cash in an amount to pay interest under the Note to the extent required under the Note, and (b) an appraisal of the Property prepared in accordance with Section 3.02 hereof and approved by Lender demonstrating that the Property has a stablilized appraised value as approved by Lender in an amount not less than Fourteen Million Eight Hundred Thousand Dollars ($14,800,000.00).
