Additional Borrower Equity definition

Additional Borrower Equity has the meaning given in Section 5.17.2 of the Credit Agreement.
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Additional Borrower Equity means any cash equity deposit made by Borrower at its sole discretion, after the Closing Date, with Administrative Agent which cash equity is to be applied to the payment of Project Costs.
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Additional Borrower Equity is defined in Section 3.2(e). “Adverse Tax Event” means the occurrence of any of the following:
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Examples of Additional Borrower Equity in a sentence

  • Additional Nextel Contribution, Additional Motorola Contribution, Additional Investors Contribution and Additional Borrower Equity Contribution...................................................................................66 5.1.15.

  • Equity (land) 13.8% $36,750,000 Escrow Deposits 12.8% $33,850,500 Additional Borrower Equity (Cash) 7.5% $19,886,872 Construction Facility 65.9% $175,000,000 Land Costs 13.8% $36,750,000 Building Costs 59.6% $158,140,405 Sitework & Utilities 4.1% $11,010,522 Project Management (In--house) 0.4% $1,005,000 Interest Reserve and Fees 4.3% $11,500,000 Contingency 3.9% $10,356,626 Planning, Design, & Engineering 6.5% $17,256,964 FF&E 4.4% $11,650,046 Fees, Permits, and Taxes 0.7% $1,786,202 Financial Exp.

  • All such Additional Borrower Equity proceeds shall be deposited in the Construction Account established pursuant to Section 7.1 hereof and applied, after satisfaction of the conditions set forth in Section 3.2, to pay Project Costs.

  • All other revisions and amendments to the Approved Construction Budget require the prior written approval of Lender, which approval may be conditioned on Borrower providing Additional Borrower Equity to bring the Loan In-Balance.

  • All such Additional Borrower Equity proceeds shall be deposited in the relevant Construction Sub-Accounts established pursuant to Section 7.1 hereof and applied, after satisfaction of the requirements set forth in Section 3.10(a), to pay Project Costs.


More Definitions of Additional Borrower Equity

Additional Borrower Equity means any and all funds required to be deposited in the Company's Funds Account or the Guaranty Deposit Account pursuant to section 5.9.2 of the Disbursement Agreement.
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Related to Additional Borrower Equity

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Original Borrower shall have the meaning set forth in the recitals hereto.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • Canadian Borrower as defined in the preamble hereto.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Designated Borrower Notice has the meaning specified in Section 2.14.

  • Qualified Borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Borrower/s means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by ABFL pursuant to the relevant Application Form submitted by such applicants to ABFL for availing of the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • U.S. Borrower means any Borrower that is a U.S. Person.