Initial Required Equity definition

Initial Required Equity means an amount equal to or greater than $61,754,677.00.
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Initial Required Equity means all costs and expenses incurred as of the date hereof (less debt financing proceeds, if any) in connection with the acquisition of the Seed Assets and approved by TRT LLC, including, without limitation, attorneys fees and disbursements and due diligence costs and expenses as well as costs incurred by DCT LLC and TRT LLC in connection with the formation of the Partnership and the preparation of this Agreement, but excluding costs incurred by DCT LLC or TRT LLC in connection with the formation of their respective entities and the preparation of organizational documents therefor, which shall be separately paid by DCT LLC and TRT LLC, respectively.
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Initial Required Equity means all costs and expenses incurred as of the date hereof (less debt financing proceeds, if any) in connection with the acquisition of the Properties and approved by TRT LLC, including, without limitation, attorneys fees and disbursements and due diligence costs and expenses as well as costs incurred by DCT LLC and TRT LLC in connection with the formation of the Partnership and the preparation of this Agreement, but excluding costs incurred by DCT LLC or TRT LLC in connection with the formation of their respective entities and the preparation of organizational documents therefor, which shall be separately paid by DCT LLC and TRT LLC, respectively.
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Examples of Initial Required Equity in a sentence

  • Agent acknowledges that the aggregate amount of the Borrower LCs shall be deemed to be Initial Required Equity Funds that have been contributed unless any of the Borrower LCs or any portion thereof (i) are permitted to be released to any Borrower Entity or reduced or (ii) are no longer in full force or effect (unless, in each case, such Borrower LCs shall have been fully-drawn upon).

  • Except as otherwise provided, nothing in this Agreement shall provide any benefit to any third party, or entitle any third party to any claim, cause, action of remedy, or right of any kind, it being the intent of the Parties that this Agreement shall not be construed as a third party beneficiary contract… except in the case of an untimely passing of the Seller after the “xxxxxxx money” has already been deposited, but before the closing date when the $8,000,000 remaining balance is due.

  • Borrower acknowledges that, as of the Closing Date, the evidence provided by Borrower remains subject to verification and that the foregoing sentence shall not be deemed an acknowledgement by Lender that such Initial Required Equity has in fact been contributed to the Project.

  • Lender shall not be obligated to make any Disbursements to Borrower under this Agreement until any shortage in the Initial Required Equity required to be contributed as of the Closing Date is actually contributed.

  • No later than October 22, 2021, Borrower shall have either (i) contributed the Required Equity into the Project or (ii) deposited with Lender the positive difference, if any, between (A) Required Equity less (B) the sum of (1) the Initial Required Equity, (2) the School Construction Supervision Fee which is still scheduled to be contributed under the School Unit Purchase Agreement, and (3) all Additional Equity contributed to date.

  • Borrower shall not be entitled to the Term Loan proceeds until (in addition to satisfying all other conditions applicable to such disbursement) Borrower has delivered evidence, satisfactory to Lender in its reasonable discretion, that Borrower has contributed the Initial Required Equity into the Project.

  • No later than October 22, 2021, Borrower shall have either (i) contributed (or caused Mortgage Borrower to contribute) the Required ​ ​ ​ Equity into the Project or (ii) deposited with Administrative Agent (for the benefit of Lender) (or caused Mortgage Borrower to deposit with Mortgage Lender) the positive difference, if any, between (A) Required Equity less (B) the sum of (1) the Initial Required Equity, (2) the School Construction Supervision Fee, and (3) all Additional Equity contributed to date.

Related to Initial Required Equity

  • Environmental Approvals means any permit, license, approval, ruling, variance, exemption or other authorization required under applicable Environmental Laws.

  • Collateral Requirement means the requirement that:

  • long term specified asset means any bond, redeemable after three years and issued on or after the 1st day of April 2006:

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • Required Consent has the meaning set forth in Section 4.4.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Environmental Requirements means any legal requirement relating to health, safety or the environment and applicable to the Borrower, any Subsidiary or the Properties, including but not limited to any such requirement under CERCLA or similar state legislation and all federal, state and local laws, ordinances, regulations, orders, writs, decrees and common law.

  • Initial approval means authorization to admit students and enter into contractual agreements for clinical facilities. It is granted only after an application has been submitted, reviewed and a survey visit made by the Board. No students shall be admitted to the program until the institution has received written notification that initial approval has been granted. Failure to comply will delay initial approval.

  • Consent Required Loan means a Loan that is capable of being assigned or novated with the consent of the Reference Entity or the guarantor, if any, of such Loan (or the consent of the relevant borrower if the Reference Entity is guaranteeing such Loan) or any agent;

  • MREL Requirements means the laws, regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities applicable to the Issuer and/or the Group, from time to time, (including any applicable transitional or grandfathering provisions), including, without limitation to the generality of the foregoing, any delegated or implementing acts (such as regulatory technical standards) adopted by the European Commission and any regulations, requirements, guidelines, rules, standards and policies relating to minimum requirements for own funds and eligible liabilities adopted by the Federal Republic of Germany or the Republic of Italy, a relevant resolution authority or the European Banking Authority from time to time (whether or not such requirements, guidelines or policies are applied generally or specifically to the Issuer and/or the Group), as any of the preceding laws, regulations, requirements, guidelines, rules, standards, policies or interpretations may be amended, supplemented, superseded or replaced from time to time.

  • Material Acquisition means any (a) acquisition of property or series of related acquisitions of property that constitutes assets comprising all or substantially all of an operating unit, division or line of business or (b) acquisition of or other investment in the Capital Stock of any Subsidiary or any person which becomes a Subsidiary or is merged or consolidated with the Borrower or any of its Subsidiaries, in each case, which involves the payment of consideration by the Borrower and its Subsidiaries in excess of $100,000,000 (or the equivalent in other currencies).

  • Material Indebtedness Agreement means any agreement under which any Material Indebtedness was created or is governed or which provides for the incurrence of Indebtedness in an amount which would constitute Material Indebtedness (whether or not an amount of Indebtedness constituting Material Indebtedness is outstanding thereunder).

  • business acquisition report means a completed Form 51-102F4 Business Acquisition Report;