Development Sources definition

Development Sources means the aggregate of: (a) the proceeds of the Mortgage Loans; (b) the Capital Contributions of the General Partner, as set forth in Section 5.01(a) of this Agreement; (c) not more than $537,972 ($586,492-$48,520 Development Fee paid from equity) of the Capital Contributions of the Investment Partnership to the Partnership; and (d) any rental income of the Partnership for the period prior to Final Closing.

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Development Sources means the aggregate of: (a) the proceeds of the Mortgage Loan; (b) the Capital Contributions of the General Partner, as set forth in Section 5.01(a) of this Agreement; (c) not more than $1,065,649 less the amount of the non-Deferred Development Fee of the Capital Contributions of the Investment Partnership to the Partnership; and (d) any rental income of the Partnership for the period prior to Final Closing. "Distributable Proceeds from Capital Transactions" means the excess of all cash receipts and other consideration arising from the sale or other disposition of all or any portion of the Apartment Complex or any proceeds realized from condemnation, casualty, or title defect, but excluding proceeds, if any, from rental interruption insurance or a temporary condemnation in the nature of a lease, over the sum of the following, to the extent paid out of such cash receipts or other consideration: (i) the amount of cash disbursed or to be disbursed in connection with or as an expense of such sale or other disposition, (ii) the amount necessary for the payment of all debts and obligations of the Partnership arising from or otherwise related to such sale or other disposition or to which the Apartment Complex is subject and which are otherwise then due (other than debts and obligations owed to the Partners and their Affiliates, which shall be satisfied in the order set forth in Section 11.04), and (iii) any amounts set aside by the General Partner for reserves which the General Partner deems reasonably necessary for contingent, unmatured or unforeseen liabilities of the Partnership.

Development Sources means the aggregate of: (a) the proceeds of the Mortgage Loan; (b) the Capital Contributions of the General Partner, as set forth in Section 5.01(a) of this Agreement; (c) not more than $199,951, less the amount of the non-DeferredDevelopment Fee of the Capital Contributions of the Investment Partnership to the Partnership; and (d) any rental income of the Partnership for the period prior to Final Closing. "Distributable Proceeds from Capital Transactions" means the excess of all cash receipts and other consideration arising from the sale or other disposition of all or any portion of the Apartment Complex or any proceeds realized from condemnation,casualty, or title defect, but excluding proceeds, if any, from rental interruption insurance or a temporary condemnation in the nature of a lease, over the sum of the following, to the extent paid out of such cash receipts or other consideration: (i) the amount of cash disbursed or to be disbursed in connection with or as an expense of such sale or other disposition, (ii) the amount necessary for the payment of all debts and obligations of the Partnership arising from or otherwise related to such sale or other disposition or to which the Apartment Complex is subject and which are otherwise then due (other than debts and obligations owed to the Partners and their Affiliates, which shall be satisfied in the order set forth in Section 11.04), and (iii) any amounts set aside by the General Partner for reserves which the General Partner deems reasonably necessary for contingent, unmatured or unforeseen liabilities of the Partnership. "Distributable Proceeds from Refinancings" means the excess of the gross proceeds of any borrowing by the Partnership over the sum of the following,to the extent paid out of such gross proceeds:

Examples of Development Sources in a sentence

• Tourism businesses including guide outfitters; Community Futures; Chamber of Commerce; City of PG Economic Development Department; Nature & Outdoor Recreation Alliance; University of Northern BC (Outdoor Recreation Tourism Management); Outdoor Activity Clubs (PG Cycle Club, Caledonia Ramblers, etc.); Sector Groups (BC Mountain Bike Tourism Association) Resources: • Staff time: Manager, Destination Development Sources of Funding: • MRDT Responsibilities: • Tourism Prince ▇▇▇▇▇▇ Timeframe: • Ongoing.

• For New Construction Developments: an Initial Deposit of $1,000 per unit from Development Sources; plus, an Annual Deposit of $500 per unit per year, from Operations.

• Potential Partnerships: • Lheidli T’enneh First Nation in Prince ▇▇▇▇▇▇; Aboriginal Business and Community Development Centre; Aboriginal Tourism BC; City of Prince ▇▇▇▇▇▇, Regional District of Fraser Fort ▇▇▇▇▇▇, Exploration Place, Two Rivers Art Gallery, Native Friendship Centre, University of Northern BC; Retail businesses selling Aboriginal arts and crafts Resources: • Staff time: Manager, Destination Development Sources of Funding: • MRDT Responsibilities: • Tourism Prince ▇▇▇▇▇▇ Timeframe: • Ongoing.

• For Acquisition-Rehab Developments: an Initial Deposit from Development Sources corresponding with the determinations of the required Physical Condition Assessment (“PCA”); plus an Annual Deposit to the Replacement Reserve corresponding with the determinations of the PCA.

More Definitions of Development Sources

Development Sources means the Capital Contributions to the Company; the net, funded proceeds of the Mortgage Loans; the Company’s share of any casualty insurance or condemnation award proceeds to the extent received during the Property Development Period, necessary for rebuilding of the Property, and available therefor; and any other funds anticipated to be available to the Company during the Property Development Period as described in the Projections.

Development Sources means the aggregate of the net, funded proceeds of the Clean Energy Loan. “Disposition” has the meaning set forth in Section 13.2 a.

Development Sources means the aggregate of the net, funded proceeds of the Clean Energy Loan.