Construction Equity definition

Construction Equity means equity issued to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on Construction Debt or (c) distributions (including incremental Incentive Distributions) on other Construction Equity. Construction Equity does not include equity issued in the Initial Public Offering.
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Construction Equity means equity issued to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on Construction Debt or (c) distributions on other Construction Equity.
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Construction Equity means equity issued to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on Construction Debt or (c) distributions paid in respect of Construction Equity, and incremental Incentive Distributions in respect thereof. Construction Equity does not include equity issued in the Initial Offering.
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Examples of Construction Equity in a sentence

  • Developer shall have provided evidence to the Authority's reasonable satisfaction that the Construction Equity Ratio between the Financial Closing Date and the D&C Work Completion Date shall be greater than or equal to ten percent (10%).

  • On the earlier of (i) the date of Financial Closing, (ii) the date otherwise required by the Senior Parties, or (iii) the date otherwise approved by the ERC, each Partner shall provide to the Partnership or the Senior Parties an Equity Guarantee in an amount equal to its Equity Ownership Percentage multiplied by the aggregate amount of Construction Equity Contributions required to be contributed by all of the Partners pursuant to the Equity Contribution Agreement.

  • On each Construction Equity Contributions Date, each Partner shall contribute to the Partnership Construction Equity Contributions in an amount equal to its Equity Ownership Percentage multiplied by the aggregate amount of Construction Equity Contributions required to be contributed by all of the Partners on such Construction Equity Contributions Date pursuant to the Equity Contribution Agreement.

  • The aggregate amount of all disbursements of the NYTC Construction Equity which from time to time represent payment of FC Member’s Share of Total Costs of the Project shall constitute the FC Funded Amount.

  • The obligation to fund the NYTC Construction Equity shall not limit the obligation of NYTC Member or FC Member to make Capital Contributions otherwise required under the Operating Agreement.

  • The NYTC Construction Equity shall be contributed by NTYC Member in installments (with the same frequency provided for disbursements of the Construction Loan in the Loan Agreements) only to pay costs included in Total Costs of the Project and approved by the Construction Lender.

  • Evidence that ▇▇▇▇▇▇▇▇ has satisfied all conditions precedent to the disbursement of the remaining Senior Loan proceeds* and Construction Equity, and Senior Lender has approved the final Draw Request.*Senior Loan.

  • P&DC Demolition & Remediation Construction Equity Fund Contribution.

  • Administrative Agent shall have received the Noble Base Equity Letter of Credit or Borrower (or any of its Affiliates on its behalf) shall have deposited cash to the Construction Account in the amount equal to the positive difference, if any, between (a) the Noble Base Equity Amount and (b) the Noble Construction Equity Amount.

  • The due and punctual payment, performance and observance of the obligations of the Parent under the LLC Agreement, including, without limitation, the obligations to contribute the Construction Equity Contribution Amount and the Contingent Equity Contribution Amount.


More Definitions of Construction Equity

Construction Equity means equity issued to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on Construction Debt or (c) distributions (including incremental Incentive Distributions) on such equity. Construction Equity does not include equity issued in the Initial Public Offering.
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Construction Equity means equity issued to fund (i) all or a portion of a Capital Improvement, (ii) interest payments (including periodic net payments under related interest rate swap agreements) and related fees on Construction Debt or (iii) distributions (including incremental Incentive Distributions (as defined in the 2017 Agreement)) on other Construction Equity. Construction Equity does not include equity issued in the Initial Public Offering. “Construction Period” means the period beginning on the date that a Group Member enters into a binding obligation to commence a Capital Improvement and ending on the earlier to occur of the date that such Capital Improvement Commences Commercial Service and the date that the Group Member abandons or disposes of such Capital Improvement. “Contribution Agreement” means that certain Business Contribution Agreement, dated as of October 1, 2024, by and among the Corporation, the Partnership, and Tall Oak Parent (as may be amended or supplemented from time to time). “Corporate Board” means the Board of Directors of the Corporation. “Corporation” has the meaning set forth in the recitals to this Agreement, together with its successors and assigns. “Corporation Change of Control” shall be deemed to have occurred if or upon:
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Construction Equity means, with respect to a Construction Property, the amount of equity required by the Agent to be invested by the Borrower or any Subsidiary Borrower, as the case may be, for acquisition and development of such Construction Property, from sources other than the Construction Advances, before any Construction Advances will be disbursed with respect to such Construction Property; provided, however, that the Agent may in its discretion in approving a Cost Breakdown permit a portion of the Construction Equity to be invested after Construction Advances have been made, such as, by way of example and not by way of limitation, when a pad site within a Construction Property is subject to an executed and binding sales contract acceptable to the Agent at the time such Property becomes a Construction Property and said agreement and all deposits, letters of credit and other assurances related thereto are assigned to the Agent as security.
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Construction Equity means equity issued to fund (a) all or a portion of a Capital Improvement, (b) interest payments (including periodic net
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Related to Construction Equity

  • CONSTRUCTION EQUIPMENT means all appliances and equipment of whatsoever nature for the use in or for the execution, completion operation or maintenance of the work unless intended to form part of permanent work.

  • Production equipment (1 7 9) means tooling, templates, jigs, mandrels, moulds, dies, fixtures, alignment mechanisms, test equipment, other machinery and components therefor, limited to those specially designed or modified for "development" or for one or more phases of "production".

  • Field emission equipment means equipment which uses an x-ray tube in which electron emission from the cathode is due solely to the action of an electric field.

  • Construction Plant means appliances, machinery with necessary supply to up keep and maintenance of the works or temporary works but dose not include materials or other things intended to form part of the permanent work.

  • Construction management at-risk means a project delivery method in which the District awards separate contracts, one for architectural and engineering services to design an infrastructure facility and the second to a construction manager at-risk for both construction of the infrastructure facility according to the design and construction management services.