Common use of Owners Equity Clause in Contracts

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.

Appears in 1 contract

Samples: Credit Agreement (Across America Real Estate Corp)

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Owners Equity. Lender shall have received evidence sufficient to indicate that Borrower has invested into the Project the minimum Borrower’s Equity's Equity in the form of cash or Subordinated Debt. 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 's Deposit to be held by Lender in the Collateral Account and disbursed prior to any Advances on the Loan.

Appears in 1 contract

Samples: Credit Agreement (Across America Real Estate Development Corp)

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 evidenceevidence indicating the minimum Borrower’s Equity, 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 in accordance with the Loandisbursement procedures contained herein.

Appears in 1 contract

Samples: Credit Agreement (Across America Real Estate Corp)

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Owners Equity. Lender shall have received evidence sufficient to indicate that Borrower has invested into the Project the minimum Borrower’s Equity's Equity in the form of cash or Subordinated Debt. If Lender has not received sufficient evidenceevidence indicating the minimum Borrower's Equity, 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 's Deposit to be held by Lender in the Collateral Account and disbursed prior to any Advances on in accordance with the Loandisbursement procedures contained herein.

Appears in 1 contract

Samples: Credit Agreement (Across America Real Estate Development Corp)

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