Development Proceeds definition
Development Proceeds means the sum of: (a) funds contributed or to be contributed to Borrower by Borrower's limited partner as capital contributions, equity or for any other purpose under Borrower's limited partnership agreement; and (b) the proceeds of all other financing for the Project (including under this Agreement).
Development Proceeds means the sum of: (a) funds contributed or to be contributed to Borrower by Borrower's limited partner as capital contributions, equity or for any other purpose under Borrower's limited partnership agreement; and (b) the proceeds of all other financing for the Project.
Development Proceeds means all funds received by Tenant from Tenant’s lenders and from applicable funding sources, together with any developer fees and the equity and capital contributions in, and loans to Tenant made by, the investors, members, shareholders, limited partners and general partners of Tenant or ▇▇▇▇▇▇’s affiliates with respect to the Project.
Examples of Development Proceeds in a sentence
The funds anticipated to be available to fund the planned development of the Property are as set forth on Exhibit C (the "Development Proceeds").
OCII has agreed to advance the amount set forth above to fund Development Expenses with the understanding that Borrower will repay the Excess Development Proceeds unless otherwise approved by MOHCD Director and OCII Executive Director as part of the Final Financial Plan approval prior to the Loan Closing Date.
All such commissions or compensation paid to the Salespersons or independent brokers shall be Project Costs and paid out of Company Development Proceeds.
More Definitions of Development Proceeds
Development Proceeds. ’ means cash contributed by a governmental entity to the project company raised through the sale or lease to a non-governmental for- profit entity of rights to develop, control, occupy, enter, or otherwise use for commercial purposes any real property (or the space above the physical surface of real property) adjacent or proximate to any part of a Pilot Project.