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 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

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:

Examples of Equity Advance in a sentence

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• The Equity Advance will not equal more than 90% of the equity in your Owner Occupant Property.

• Should you qualify for a Initiative Equity Advance, the advance will be paid directly by MPC to the applicable vendor or lender.

• When you receive an Equity Advance, you will sign an agreement that you agree that the amount paid at the closing of your property will be reduced by the amount paid for the Equity Advance.

• The decision will be based on your percentage of ownership in the property along with other financial factors that you will provide to a CIC representative during the Equity Advance application process.

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 $25,000,000.00 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 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.

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 a capital contribution made 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 means an advance by an agent of the Company to a North American employee, with no obligation to repay, of sale