Borrower Equity Deposit definition

Borrower Equity Deposit means $[ ], which shall be comprised of sources other than the proceeds of the Project Loan.
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Borrower Equity Deposit means $[________], which shall be comprised of sources other than the proceeds of the Project Loan.
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Borrower Equity Deposit means the deposit to be made by the Borrower with the Trustee to the Borrower Equity Account on or before the Delivery Date, which deposit shall be comprised of sources other than the proceeds of the Bonds.
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Examples of Borrower Equity Deposit in a sentence

  • 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.

  • The Fiscal Agent shall deposit $0.00 of 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 Notes), as provided in Section 2.12(c) hereof.

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

  • 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 Fiscal Agent and directed by Borrower or Loan Servicer to be deposited therein (excluding any proceeds of the Loans), as provided in Section 2.11(c) hereof.

  • On the Series 2022 Delivery Date, the Fiscal Agent shall deposit proceeds of the Series 2022 Funding Loan in the amount of $[____], plus $[____] of the Borrower Equity Deposit to the Project 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 Series 2022 Governmental Note), as provided in Section 2.11(c) hereof.

  • The Fiscal Agent shall deposit [$0.00] of 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.

  • The Fiscal Agent shall deposit the Borrower Equity Deposit, if any, 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.

  • Type "C" constructions are any which-do not satisfy the requirements of Type "A": or "B" construction.

  • As authorized by Sections 2.01(b) and 4.02(c) hereof, the Fiscal Agent shall deposit proceeds of the Series 2021 Funding Loan in the amount of $5,958,617.00 plus $37.19 of the Borrower Equity Deposit to the Refunding Fund, which amounts shall be transferred to Bridgewater Bank, as the original purchaser of the Prior Note, to redeem and prepay the Prior Note on the Delivery Date.

  • The Borrower shall deliver or cause to be delivered from sources other than the Loans, (i) to the Fiscal Agent, on or prior to the Series 2021 Delivery Date or the Series 2022 Delivery Date, respectively, any Borrower Equity Deposit for deposit to the credit of the Borrower Equity Account of the Project Loan Fund, the Refunding Fund, and the Costs of Issuance Deposit for deposit to the credit of the Cost of Issuance Fund, and (ii) to the Servicer any Initial Debt Service Deposit.


More Definitions of Borrower Equity Deposit

Borrower Equity Deposit means the amount set forth in the Indenture, which shall be comprised of sources other than the proceeds of the Bonds.
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Borrower Equity Deposit means $InitialEquity, which shall be comprised of sources other than the proceeds of the Project Loan.]
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Borrower Equity Deposit means $0, which shall be comprised of sources other than the proceeds of the Project Loan.
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Borrower Equity Deposit means, with respect to the Series 2021 Project Loan, $3,850,000.00.00, which shall be comprised of sources other than the proceeds of the Series 2021 Project Loan, and with respect to the Series 2022 Project Loan, $[______] which shall be comprised of sources other than the proceeds of the Series 2022 Project Loan.
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Borrower Equity Deposit means $[24,041,806], which shall be comprised of sources other than the proceeds of the Project Loan.
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Related to Borrower Equity Deposit

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • Letter of Credit Amount the stated maximum amount available to be drawn under a particular Letter of Credit, as such amount may be reduced or reinstated from time to time in accordance with the terms of such Letter of Credit.

  • Letter of Credit Limit means $5,000,000.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Letter of Credit Liabilities means, for any Bank and at any time, such Bank's ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Security Deposit Account has the meaning given in Section 5.1.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Administrative Agent maintained at the office of the Administrative Agent at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Delphi Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Letter of Credit Payment means any amount paid or required to be paid by the Issuing Lender in its capacity hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit.

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Letter of Credit Disbursement means a payment made by Issuing Bank pursuant to a Letter of Credit.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Letter of Credit Liability means, all reimbursement and other liabilities of Borrower or any of its Subsidiaries with respect to each Lender Letter of Credit, whether contingent or otherwise, including: (a) the amount available to be drawn or which may become available to be drawn; (b) all amounts which have been paid or made available by any Lender issuing a Lender Letter of Credit or any bank issuing a Bank Letter of Credit to the extent not reimbursed; and (c) all unpaid interest, fees and expenses related thereto.

  • Letter of Credit Maximum Amount means $5,000,000; provided that, on and after the Maturity Date, the Letter of Credit Maximum Amount shall be zero.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Revolving Letter of Credit means each letter of credit issued pursuant to Section 3.1(a)(i) (including DIP Revolving Letters of Credit deemed issued as Revolving Letters of Credit pursuant to Section 3.10).

  • Facility Letter of Credit means a Letter of Credit issued hereunder.

  • Canadian Letter of Credit means any letter of credit issued by the Canadian Lender pursuant to Section 2.03. A Canadian Letter of Credit may be a commercial letter of credit or a standby letter of credit. No Letter of Credit shall be or become a Canadian Letter of Credit.

  • Fronted Letter of Credit means a standby Letter of Credit issued by an Issuing Lender having an L/C Fronting Commitment in which each Lender purchases a risk participation pursuant to Section 3.4.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Unused Letter of Credit Subfacility means an amount equal to the Letter of Credit Subfacility minus the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit plus, without duplication, (b) the aggregate Unpaid Drawings obligations with respect to a Letters of Credit.

  • U.S. Letter of Credit means any Letter of Credit issued hereunder for the purpose of providing credit support for any U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary.

  • Xxxxxxx Money Deposit shall have the meaning set forth in Section 2.5(a).

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.