Borrower Equity Account definition

Borrower Equity Account means the Borrower Equity Account of the Project Fund established under Section 7.3.

Borrower Equity Account means the Borrower Equity Account of the Project Loan Fund established by the Fiscal Agent pursuant to Section 2.11 hereof.

Borrower Equity Account means the Borrower Equity Account of the Bond Mortgage Loan Fund established by the Trustee pursuant to the Indenture.

Examples of Borrower Equity Account in a sentence

• Unless the Fiscal Agent is instructed otherwise by the Funding Lender Representative, the Fiscal Agent shall automatically transfer amounts from the Borrower Equity Account of the Project Loan Fund to the Administration Fund to pay to the appropriate party its accrued fees that are included in the Fee Component that are due and payable as set forth herein or upon receipt of an invoice, without any need for a Requisition or other written direction.

• Unless the Fiscal Agent is instructed otherwise by the Funding Lender, the Fiscal Agent shall automatically transfer amounts in the Borrower Equity Account of the Project Loan Fund to the Loan Payment Fund to pay interest on the Project Loan and Funding Loan without any need for a Requisition or other written direction.

• The Fiscal Agent shall deposit the Borrower Equity Deposit into the Borrower Equity Account of the Project Loan Fund, as well as any additional amounts delivered from time to time to the Fiscal Agent and directed by the Borrower or Servicer to be deposited therein (excluding any proceeds of the Governmental Note), as provided in Section 2.11(c) hereof.

More Definitions of Borrower Equity Account

Borrower Equity Account means the Borrower Equity Account of the Project Loan Fund established by the Fiscal Agent pursuant to Section 2.10 hereof.

Borrower Equity Account means the Borrower Equity Account of the Project Fund established under Section 7.3 hereof.

Borrower Equity Account means the account by that name created and established in the Project Fund under this Funding Loan Agreement.

Borrower Equity Account. Shall have the meaning given that term in the Indenture.

Borrower Equity Account has the meaning assigned to such term in Section 6.12.

Borrower Equity Account is defined in the Depository Agreement.

Borrower Equity Account means the Borrower Equity Account of the Project Loan Fund established by the Fiscal Agent as the Initial Funding Lender pursuant to Section 2.11 hereof. The Borrower Equity Account shall be comprised of the following subaccounts: (i) the LIHTC Subaccount, (ii) the Gap Loan Subaccount, and (iii) the Net Operating Income Subaccount.