Approved Financing means all of the following loans, grants and equity obtained by Borrower and approved by the County for the purpose of financing the acquisition of the Property and rehabilitation of the Development:
(i) the Combined City Loan;
(ii) County of Contra Costa Multifamily Housing Revenue Note Series 2016B issued by the County of Contra Costa (the "Government Lender") in the approximate amount of Fifteen Million Nine Hundred Eighty-Eight Thousand Dollars ($15,988,000) (the "Government Lender Note"), the proceeds of which are loaned to Borrower by the Government Lender pursuant to a funding loan to the Government Lender by the Bank (the "Bank Loan") which will convert to a permanent loan in the approximate amount of Two Million One Hundred Twenty-Two Thousand Dollars ($2,122,000) (the "Permanent Loan");
(iii) loan of Multifamily Housing Program ("MHP") funds from the California Department of Housing and Community Development ("HCD") in the approximate amount of One Million Three Hundred Seventy-Four Thousand Two Hundred Sixty-Nine Dollars ($1,374,269) (the "MHP Loan");
(iv) loan from the Seller in the approximate amount of One Million Two Hundred Seventy-Six Thousand Two Hundred Fourteen Dollars ($1,276,214) (the "Seller Loan");
(v) a permanent loan from Eden in the approximate amount of Two Million Three Hundred Twenty-Nine Thousand Dollars ($2,329,000) (the "Eden Loan");
(vi) a loan from Eden of Neighbor Works Urban Uplift Grant Funds in the approximate amount of One Hundred Twenty-Five Thousand Dollars ($125,000) (the "Neighbor Works Loan");
(vii) a subordinate loan from the Bank in the approximate amount of Nine Hundred Ten Thousand Dollars ($910,000) (the "Bank Subordinate Loan");
(viii) the Low Income Housing Tax Credit investor equity funds in the approximate amount of Fourteen Million Five Hundred One Thousand Forty-Nine Dollars ($14,501,049) (the "Tax Credit Investor Equity") provided by the Investor Limited Partner; and
(ix) the capital contribution from Borrower's general partner in the approximate amount of Zero Dollars ($0) (the "GP Capital Contribution").
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
In the event that any Borrowers propose that any Underlying Financing or Approved Financing be denominated in a currency other than Dollars, the parties hereto shall enter into good faith negotiations to amend this Agreement to provide for the Dollar equivalent of any such amounts as determined by Administrative Agent on a daily or other basis to be agreed, based on a conversion rate to be agreed between Borrowers and Lenders.
As of such Approved Subsequent Credit Date, there shall have been no material amendment, restatement, supplement or other modification to, or waiver of, any material provision of, or attachment to, the Underlying Financing Specification then in effect with respect to the Approved Financing to be funded on such Approved Subsequent Credit Date.
Without limiting the generality of the foregoing, you shall not, and shall cause your Representatives (other than Approved Financing Sources) not to, oppose any action by the Company and/or the Special Committee to obtain such a protective order or other remedy.
You shall not, and you shall cause your Representatives (other than Approved Financing Sources and third party advisors not taking action on your behalf or at your direction) not to, take any action to discourage any person from making any proposal with respect to a Transaction.
Subject to Paragraph 6.2 hereof and other than with respect to Approved Financing Sources, you agree that you will not, and you will cause your Representatives (other than Approved Financing Sources) not to, engage in any discussions with the Company or any of its suppliers, vendors, service providers, joint venture partners, consultants or lenders regarding any Transaction without the prior consent of the Special Committee.
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, 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 County Loan and the City Loan:
i. multi-family housing revenue tax exempt bonds in the approximate amount of Twenty-One Million Dollars ($21,000,000) (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 (the "Bank Construction Loan") which will convert to a permanent loan from CCRC in the approximate amount of Six Million Four Hundred Six Thousand Eight Hundred Dollars ($6,406,800) (the "CCRC Loan");
ii. permanent loan of Affordable Housing Sustainable Communities ("AHSC") funds from the California Department of Housing and Community Development ("HCD") in the approximate amount of Five Million Two Hundred Seventy-One Thousand Six Hundred Ninety-Six Dollars ($5,271,696) (the "AHSC HCD Loan");
iii. IIG and Transit Pass Loan from EDI, composed of Infill Infrastructure Grant Program funds received from HCD in the approximate amount of One Million Three Hundred Ninety-Nine Thousand Five Hundred Forty-Seven Dollars ($1,399,547), and a Twenty-Two Thousand Six Hundred- Eighty Dollar ($22,680.00) portion of the AHSC Transit Related Improvements Grant Program funds from HCD to the City and granted by the City to EDI, for a total loan amount of One Million Four Hundred Twenty-Two Thousand Two Hundred Seventy-Seven Dollars ($1,422,277) (the "EDI Loan");
iv. the Low Income Housing Tax Credit investor equity funds in the approximate amount of Twelve Million Seven Hundred Sixty-Nine Thousand Four Hundred Seventy-Seven Dollars ($12,769,477) (the "Tax Credit Investor Equity") provided by the Investor Limited Partner; and
v. the capital contribution from Borrower's general partner in the approximate amount of One Hundred Dollars ($100) (the "GP Capital Contribution").
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,