Examples of GP Capital Contribution in a sentence
Deferred developer fee cannot be used in lieu of the GP Capital Contribution.
At final application and 8609, if an applicant has not secured funding for which they received competitive points for in this category, or if an applicant has removed a funding source that qualified for points, the applicant must replace the dollar amount of the unsecured or removed leveraged funding with a GP Capital Contribution or OHFA will rescind the award.
In the event that the Quarterly Hedge Payment Obligation for any quarter exceeds the sum of (1) the total quarterly distribution that is paid on the Collateral of all Pledgors and the PL Manufacturing Units in respect of such quarter, and (2) the Cash Reserve, each Pledgor shall have the right to fund its pro rata share of the shortfall by making a cash payment to the Collateral Agent, which the Collateral Agent shall pay to the General Partner to fund a portion of the GP Capital Contribution.
It is anticipated that the financing will include low-income housing tax credits, City of Philadelphia HOME funds, GP Capital Contribution (PHFA Rent Reserve), and GP Capital Contribution (PRA Rent Reserve).
The Pure Parties have or will have immediately prior to and at Closing sufficient funds to enable the Pure Parties to pay in full the Pure GP Capital Contribution, the Pure Triad Capital Contribution and the Pure LP4 Capital Contribution as herein provided and otherwise to perform the obligations of the Pure Parties under this Agreement.
See footnote.) For clarification, the following sources of funding are not eligible for points in this category:• LIHTC equity• Property tax abatements, tax increment financing, or payment in lieu of taxes (PILOT)• Transferred reserves• Income during construction• GP Capital Contribution 2 Federal funding may take the form of a grant, loan, loan guarantee, insurance, or other types of assistance.
The Sponsor anticipates an AHP award prior to seeking gap funds from OCII.• GP Capital Contribution: The GP estimates that it will make an equity contribution of $3,000,000 or $19,608 per unit to maximize tax credit equity.
If the Quarterly Hedge Payment Obligation for any quarter exceeds the sum of (1) the total quarterly distribution that is paid on the Pledged Units in respect of such quarter and (2) the Cash Reserve, each of PL Manufacturing and the PL Manufacturing Members shall have the right to fund its pro rata share of the shortfall in cash, which PL Manufacturing shall pay to the General Partner to fund a portion of the GP Capital Contribution.
At the Closing, QR Energy will issue the General Partner Units to the General Partner, subject to receipt by QR Energy of the GP Capital Contribution.
If the Quarterly Hedge Payment Obligation for any quarter exceeds the sum of (1) the total quarterly distribution that is paid on the Pledged Common Units in respect of such quarter and (2) the Cash Reserve, each of the PL Manufacturing Members shall have the right to fund its pro rata share of the shortfall by making a cash payment to PL Manufacturing, which PL Manufacturing shall pay to the General Partner to fund a portion of the GP Capital Contribution.