Examples of Investor Equity in a sentence
A Defaulting Party’s “Pro Rata Portion” for purposes of this Section 1.5(a) is a fraction, the numerator of which is the Investor Equity Commitment of such Defaulting Party and the denominator of which is the aggregate Investor Equity Commitments of all Defaulting Parties.
Subject to the rights of Senior Lenders, and to the extent of additional subordinate loan proceeds, equity or surplus development sources following the Final Cost Certification, no later than ten (10) days after the date Borrower receives its final Tax Credit Investor Equity contribution, Borrower may use one- hundred percent (100%) of the Net Excess Proceeds, to pay down the HTSV Loan.
The Investor Equity will be used solely for the purpose of paying the expenses of developing the screenplay and performing early stage pre-production services, unless otherwise later agreed to in writing between the parties hereto.
Upon any Event of Default hereunder, the Investor Equity (plus the Preferred Return) will, at Investor’s option, be accelerated and be deemed due and payable as of the date of the Event of Default.
A Defaulting Party’s “Pro Rata Portion” for purposes of this Section 1.6(a) is a fraction, the numerator of which is the Investor Equity Commitment of such Defaulting Party and the denominator of which is the aggregate Investor Equity Commitments of all Defaulting Parties.