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 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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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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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%).

  • Al Qasr GCC Real Estate and Construction Equity Trading Fund (the “Fund”) is an open-ended Shariah compliant investment fund based on an agreement between Saudi Fransi Capital (the “Fund Manager”) and the investors (the “Unitholders”).

  • Al Qasr Real Estate & Construction Equity Trading Fund is an open-end equity fund that aims to achieve medium and long-term capital growth by investing in listed companies compliant with the provisions of Islamic Shariah and which achieve a large part of their returns directly or indirectly through the real estate and construction sectors in the GCC countries (Saudi Arabia, United Arab Emirates, Kuwait, Qatar, Oman and Bahrain).

  • Not applicable, as Al Qasr GCC Real Estate and Construction Equity Trading Fund is an existing fund.

  • TZK Predevelopment and Construction Equity – Equity Invested Prior to Construction Completion:TZK is limited to earning 20% IRR on the actual amount of equity invested but not to exceed $60 million.

  • I/we have read the Terms and Conditions of Al Qasr GCC Real Estate and Construction Equity Trading Fund, and understand what was stated in them and agree to them, and acknowledge to review the properties of units that were subscribed to in the Fund, and a copy of this agreement was received and signed.

  • Prosper will be responsible for managing and staffing the Oversight Committee and the Construction Equity Subcommittee and bearing its own costs of the same, which costs will not be passed on to Continuum through the DDA or otherwise.

  • 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.

  • Al Qasr GCC Real Estate and Construction Equity Trading Fund and Saudi Fransi Capital (the fund manager) are subject to the Capital Market Law and its implementing regulations and other relevant laws and regulations applicable in the Kingdom of Saudi Arabia.

  • Continuum acknowledges that, notwithstanding the foregoing sentence, the CBA Term Sheet contemplates an active role for Continuum in terms of serving on, voting in, and engaging with the Oversight Committee and Construction Equity Subcommittee.


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
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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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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.

  • Construction Debt means debt incurred 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 other Construction Debt or (c) distributions (including incremental Incentive Distributions) on Construction Equity.

  • Interconnection equipment means a group of components or an integrated system owned and operated by the interconnection customer that connects an electric generator with a local electric power system, as that term is defined in Section 3.1.6.2 of IEEE Standard 1547, or with the electric distribution system. Interconnection equipment is all interface equipment including switchgear, protective devices, inverters or other interface devices. Interconnection equipment may be installed as part of an integrated equipment package that includes a generator or other electric source.

  • New construction means, for the purposes of determining insurance rates, structures for which the "start of construction" commenced on or after the effective date of an initial FIRM or after December 31, 1974, whichever is later, and includes any subsequent improvements to such structures. For floodplain management purposes, "new construction" means structures for which the "start of construction" commenced on or after the effective date of the floodplain management regulations adopted by a community and includes any subsequent improvements to such structures.

  • construction site means a workplace where construction work is being performed;

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Construction Work means any work in connection with⎯