Other Borrower Moneys definition

Other Borrower Moneys means monies of Borrower other than Borrower Loan Proceeds and includes, but is not limited to, the Subordinate Debt, Net Operating Income, the Borrower’s Equity Contributions and any other funds contributed by or loaned to the Borrower for application to the Costs of the Improvements or other costs associated with the Project.
Other Borrower Moneys means monies of Borrower other than Loan Proceeds and includes, but is not limited to, the Subordinate Debt, Borrower’s Equity Contributions and any other equity contributed by Borrower to the Project.

Examples of Other Borrower Moneys in a sentence

  • If the proceeds of the Borrower Loan, together with the Other Borrower Moneys, available to be disbursed to the Borrower are not sufficient to pay the costs of such construction or rehabilitation, as appropriate, and equipping, the Borrower shall pay such additional costs from its own funds.

  • If the proceeds of the Borrower Loan, together with the Other Borrower Moneys, available to be disbursed to the Borrower are not sufficient to pay the costs of such construction and equipping, the Borrower shall pay such additional costs from its own funds.

  • If the proceeds of the Borrower Loan, together with the Other Borrower Moneys, available to be disbursed to the Borrower are not sufficient to pay the costs of such rehabilitation and equipping, the Borrower shall pay such additional costs from its own funds.

  • If the proceeds of the Borrower Loan, together with the Other Borrower Moneys, available to be disbursed to the Borrower are not sufficient to pay the costs of such rehabilitation, the Borrower shall pay such additional costs from its own funds.

  • The execution of this Loan Agreement by Borrower shall, and hereby does, constitute an irrevocable direction and authorization by Borrower to Lender to make such Disbursements of the Loan Proceeds and Other Borrower Moneys.

  • Notwithstanding the foregoing, if, at any time, Administrative Agent determines, in Administrative Agent’s reasonable discretion, that it is unlikely that Borrower will deliver to Administrative Agent all or a portion of the Other Borrower Moneys, Administrative Agent can exclude such amount from its determination of whether the Loan is In Balance.

  • Borrower hereby expressly acknowledges that Administrative Agent may approve a Funding Requisition submitted by Borrower but may disburse Other Borrower Moneys or make the requested Disbursement in any of the methods described in the preceding sentence, under the circumstances set forth above, whether or not such method is the method selected by Borrower in its Funding Requisition, and Borrower hereby consents to any such action by Administrative Agent.

  • The Loan is “out of balance” if and when Administrative Agent in its reasonable judgment determines that there are insufficient funds (including all undisbursed Loan Proceeds and any Other Borrower Moneys provided or to be provided by Borrower) to pay for all such remaining costs and sums payable under the Loan Documents and BANS Documents.

  • If the proceeds of the Borrower Loan, together with the Other Borrower Moneys, available to be disbursed to the Borrower are not sufficient to pay the costs of such construction, development and equipping of the Project, the Borrower shall pay such additional costs from its own funds.

  • Borrower further acknowledges that the Loan may become “out of balance” from a shortage of funds in any single Budget Line Item or category of the Cost Breakdown, even if there are undisbursed Loan Proceeds or Other Borrower Moneys in other Budget Line Items or categories.

Related to Other Borrower Moneys

  • Borrower Loan means the mortgage loan made by the Governmental Lender to the Borrower pursuant to this Borrower Loan Agreement, in the maximum principal amount of the Borrower Loan Amount, as evidenced by the Borrower Note.