Approved Financing means all of the following loans, grants, equity, and operating subsidy obtained by Borrower and approved by the County and the Housing Authority for the purpose of financing the acquisition of the Property and construction of the Development in addition to the County Loan and the Housing Authority Loan:
(i) multi-family housing revenue tax exempt bonds in the approximate amount of Eleven Million Four Hundred Thirty-Four Thousand Six Hundred Ten Dollars ($11,434,610) (the "Bonds") issued by the County of Contra Costa (the "Issuer") that are purchased by the Bank and the sale proceeds of which are loaned to Borrower;
(ii) a taxable construction loan from the Bank in the amount of Dollars ($ );
(iii) construction/permanent loan from the Housing Trust of Silicon Valley in the approximate amount of One Millio n Three Hundred Thirty-One Thousand Dollars ($1,331,000) (the "HTSV Loan");
(iv) permanent loan of No Place Like Home program ("NPLH") funds from the California Department of Housing and Community Development ("HCD") in the approximate amount of One Million Eight Hundred Four Thousand Nine Hundred Twenty Dollars ($1,804,920) (the "NPLH HCD Loan");
(v) permanent loan of Multifamily Housing Program funds from HCD in the approximate amount of Four Million Four Hundred Twenty-Seven Thousand Six Hundred Fifty-Three Dollars ($4,427,653) (the "MHP HCD Loan");
(vi) seller carry-back loan from SAHA in the approximate amount of Three Hundred Twenty-Five Thousand Dollars (the "Seller Loan");
(vii) Low Income Housing Tax Credit investor equity funds in the approximate amount of Dollars ($ ) provided by the Investor Limited Partner (the "Tax Credit Investor Equity");
(viii) capital contribution from Borrower's general partner in the approximate amount of Dollars ($ ) (the "GP Capital Contribution"); and
(ix) NPLH Capitalized Operating Subsidy from HCD in the approximate amount of One Million Eight Hundred Four Thousand Nine Hundred Twenty Dollars ($1,804,920).
Approved Financing means the loans, equity, and other financing obtained by the Developer for the purpose of financing the costs of the Development that are approved by the City and consistent with the Financing Plan.
Approved Financing has the meaning set forth in Section 7.2.1.
Examples of Approved Financing in a sentence
The Prime Construction Contract shall provide for the work to be performed for fixed and specified maximum amounts or allowances, pursuant to the Approved Final Plans and the Approved Financing.
A description of the Approved Financing as of the Commencement Date is set forth in Exhibit H.
Notwithstanding the foregoing, Lessee shall not be required to provide such adjusted coverage unless approved by the Limited Partner and by all holders of Approved Financing if such consent is required.
The Parties acknowledge that Xxxxxx has satisfied the conditions of this Section 4.2, that Lessor has approved the loans described as Approved Financing in Exhibit H, and Lessor has approved as the Limited Partner and tax credit investor.
During the Term, Lessee shall have the right to encumber Lessee’s Estate with Leasehold Mortgages executed pursuant to the Approved Financing; provided, however, all Leasehold Mortgages shall remain subordinate and inferior to Lessor's right, title, and interest in the Leased Premises and, except as otherwise provided in this Lease, upon acquisition of the Leased Premises, any foreclosing Leasehold Mortgagee's rights to the Leased Premises shall be subject to the terms and provisions of this Lease.
More Definitions of Approved Financing
Approved Financing means all of the following loans or equity funds acquired by Borrower and approved by the County for the purpose of financing the Project in addition to this Loan:
Approved Financing means all of the following loans, grants and equity obtained by Borrower and approved by the County and the City for the purpose of financing the acquisition of the Property and construction of the Development in addition to the Combined County Loan and the Restructured City Loan:
i. County of Contra Costa Multifamily Housing Revenue Bonds (Antioch Scattered Site Renovation) Series 2018A issued by the County of Contra Costa (the "Issuer") in the approximate amount of Ten Million Four Hundred Seventy-Five Thousand Four Hundred Forty-One Dollars ($10,475,441) (the "Bonds"), that are purchased by the Bank and the sale proceeds of which are loaned to Borrower (the "Bank Loan") which will convert to a permanent loan in the approximate amount of Four Million Six Hundred Eighty Thousand Dollars ($4,680,000) (the "Permanent Loan");
ii. the Low Income Housing Tax Credit investor equity funds in the approximate amount of Six Million Eight Hundred Sixty-Six Thousand Eight Hundred Seventy- Six Dollars ($6,866,876) (the "Tax Credit Investor Equity") provided by the Investor Limited Partner;
iii. the loan from RCD of Development reserves in the approximate amount of Two Hundred Five Thousand Nine Hundred Dollars ($205,900) (the "Reserve Loan"); and
iv. the capital contribution from Borrower's general partner in the approximate amount of Five Hundred Forty Thousand Three Hundred Forty-Four Dollars ($540,344,) (the "GP Capital Contribution").
Approved Financing means a preferred stock financing of the Company, with the principal purpose of raising capital, and having aggregate cash proceeds of at least $17,500,000 and less than $25,000,000, including the Outstanding Balance of the Notes and all accrued but unpaid and uncapitalized interest thereon.
Approved Financing means the loans, grants, and other financing to be secured by the Developer, and approved by the City for the purpose of financing the costs of the Development which shall be consistent with the Approved Financing Plan.
Approved Financing means all of the following loans acquired by the Borrower and approved by the County for the purpose of financing the Development, in addition to the County Loan:
(i) Loan from the Agency to the Borrower in the approximate amount of Five Million Five Hundred Thousand Dollars ($5,500,000) (the "Agency Loan");
(ii) County multi-family housing revenue tax exempt bonds in the approximate amount of Nineteen Million One Hundred Sixteen Thousand Two Hundred Thirty Five Dollars ($19,116,235) (the "Bonds") which Bonds shall be purchased by Xxxxx Fargo Bank, N.A. (the "Bank") and loaned to the Borrower (the "Bond Loan");
(iii) Affordable Housing Program Loan from Bank of the West in the amount of Nine Hundred Forty Five Thousand Dollars ($945,000) (the "AHP Loan");
(iv) HUD 202 Capital Advance funds reservation in the approximate amount of Twelve Million Two Hundred Eighty Two Thousand Four Hundred Dollars ($12,282,400) as evidenced by that certain Section 202 reservation letter dated October 31, 2007;
(v) Tax Credit Assistance Program Loan from TCAC in the amount of Four Hundred Forty Six Thousand Five Hundred Fifty One Dollars ($446,551) (the "TCAP Loan");
(vi) Low Income Housing Tax Credit investor equity funds in the approximate amount of Eight Million Nine Hundred Sixty Nine Thousand Six Hundred Forty Dollars ($8,969,640) (the "Tax Credit Investor Equity"); and
(vii) Capital contribution from the Borrower's general partner in the approximate amount of One Million Thirty Seven Thousand Four Hundred Eighty Five Dollars ($1,037,485) (the "General Partner Equity").
Approved Financing means (i) any transaction involving (A) the issuance of Voting Common Stock or any other equity security of the Corporation (including, without limitation, an IPO, any follow-on offering, or any private offering, and regardless of the relative seniority, subordination, preference, or other rights or terms of such equity security) or (B) the incurrence by the Corporation of indebtedness having a maturity of no less than one (1) year, or (ii) any series or combination of such transactions (whether related or otherwise), the aggregate net proceeds to the Corporation of which transaction or transactions are in excess of fifty million dollars ($50,000,000).
Approved Financing means all of the following loans acquired by the Borrower and approved by the County and the Agency for the purpose of financing the Development, in addition to the Agency Loan and the County Loan:
i. County multi-family housing revenue tax exempt bonds in the approximate amount of Nineteen Million One Hundred Sixteen Thousand Two Hundred Thirty Five Dollars ($19,116,235) (the "Bonds") which Bonds shall be purchased by Xxxxx Fargo Bank,