Equity Advance definition

Equity Advance means a loan made by the related Originator to a Relocating Employee to fund the down payment on the Destination Home prior to the closing of the sale on the Origination Home.

Equity Advance means an advance by an agent of the Company to a North American employee, with no obligation to repay, of sale proceeds not to exceed 90% of the net equity in the former residence of the employee, provided:

Equity Advance which are evidenced by a certain Promissory Note dated May 25, 1999 made payable by the Project Company to LAJA in (the "Project Company Note"), which Note is secured by that certain Security Agreement dated May 25, 1999 executed by the Project Company in favor of LAJA, pursuant to which the Project Company granted LAJA a security interest in all of its assets; such Note is also sometimes referred to as the "Interim Promissory Note"; and

Examples of Equity Advance in a sentence

• Each Advance following the Initial Advance shall be in an amount that is equal to the lesser of (a) the amount of the Commitment Amount not outstanding, or (b) the allowable Project Equity Advance for the applicable Project.

• Except as provided in the Letter Agreement with respect to the Equity Advance, no Member will be entitled to receive interest on such Member's Capital Contribution or Capital Account.

• SIYAC has prioritized the following diverse issues to advocate for during the 2021 legislative session: Education Committee:● Education Equity: Establish equity-focused professional development for licensed K-12 educators in the State of Iowa, and incorporate representative, historically accurate, and diverse perspectives into the K-12 Curriculum StandardsHealth Committee:● Gender Equity: Advance gender equity in the state to improve the health and safety of all Iowa youth.

• If at any xxxx Xxxxxx fails to maintain the Minimum Equity Advance and has not provided Greystone within one (I) Business Day thereafter with evidence satisfactory to Greystone that Seller has cured such failure and now meets the Minimum Equity Advance, Greystone, at its option, may decrease the Advance Rate for Accounts of all Eligible Clients by an amount determined by Greystone in its sole discretion.

• As used herein, the term "Equity Advance" is determined at any time by subtracting (i) the aggregate amount advanced by Greystone hereunder at any time, from (ii) the aggregate amount advanced by Seller to its Clients at such time.

More Definitions of Equity Advance

Equity Advance. A commitment from LACO to loan or contribute capital to the Company, in an amount of 25% of the Project Loan not to exceed $15,000,000.00 as provided and defined in the Letter Agreement.

Equity Advance. Any disbursement of Base Equity or Overrun Equity from the Base Equity Account or the Overrun Equity Account pursuant to the terms of the Common Agreement. “Equity Commitments” The Base Equity Commitment and the Overrun Equity Commitment.

Equity Advance means a bridge loan extended by Venture Corp. to the Company, the proceeds of which will thereupon be contributed by the Company to a Venture Sub to fund (in part) the acquisition of a Target Property.

Equity Advance which are evidenced by a certain Promissory Note dated May 25, 1999 made payable by the Project Company to LAJA in (the "Project Company Note"), which Note is secured by that certain Security Agreement dated May 25, 1999 executed by the Project Company in favor of LAJA, pursuant to which the Project Company granted LAJA a security interest in all of its assets; such Note is also sometimes referred to as the "Interim Promissory Note"; and (vi) LAJA extended a $970,000 loan to KAR the repayment of which is evidenced by certain Promissory Note dated May 25, 1999 made payable by KAR to LAJA in the original principal amount of $970,000 (the "KAR Note"), which Note is secured by that certain Pledge Agreement dated May 25, 1999 executed by KAR in favor of LAJA (the "KAR Pledge Agreement") pursuant to which KAR granted LAJA a security interest in all of KAR's membership interest and related rights in and to the Project Company;

Equity Advance means the amount advanced hereunder by Lender to Borrower (in one or more Advances) to enable it to purchase an equity interest in, or make an equity contribution to, CR License or a Subpartnership.

Equity Advance means an advance by an agent of the Company to a North American employee, with no obligation to repay, of sale

Equity Advance means the amount of funds paid to an Employee pursuant to an Equity Loan or an Equity Funding and shall include any amount that is advanced for the purpose of paying off existing liens on the Home.