Owner Equity definition

Owner Equity means funds provided by Owner for payment of Rehabilitation Costs and shall not include the Senior Loan, the Agency Loan, the Housing Commission Loan or any other borrowed funds, and shall include the Investor Partner Capital Contribution (i.e., Owner Equity provided from the sale of the Low Income Housing Tax Credits) as well as any other funds of Owner.

Owner Equity means the total Project Costs, less the amount of the Loan.

Owner Equity means the Total Project Costs plus the Cash Collateral, less the amount of the Loan. Of the Owner Equity, $15,640,520.00 shall be “first in” cash of Borrower, including amounts already incurred by Borrower for acquisition of the Premises and Project Costs already incurred by Borrower as described in Section 5.25.

Examples of Owner Equity in a sentence

• FORM MOR-3(9/99) ASSETS Other Current Assets Other Assets LIABILITIES AND OWNER EQUITY Other Postpetition Liabilities Adjustments to Owner Equity Postpetition Contributions (Distributions) (Draws) Restricted Cash: cash that is restricted for a specific use and not available to fund operations.

• No Loan Party has any Indebtedness other than, with respect to Borrower, Permitted Indebtedness, and with respect to Equity Owner, Equity Owner Permitted Indebtedness.

• No Loan Party has any Indebtedness other than, with respect to Borrower, Permitted Indebtedness, with respect to Equity Owner, Equity Owner’s Permitted Indebtedness and, with respect to Borrower TRS, Borrower TRS’s Permitted Indebtedness.

• If in doing so the total of remaining Project Costs will exceed the Loan proceeds remaining to be disbursed, Borrower shall upon notice from Lender deposit with Lender additional Owner Equity in an amount sufficient to fund the Reserves in the amount of the resulting deficiency as determined by Lender.

• Evaluation of specific underwriting criteria, including at minimum the following:• Assessment of how much traditional debt the project should be able to support/attract• Developer and consultant fees limited to 4% of the total development cost of the project• Reasonableness assessment of any related-party costs and expenses• Minimum Owner Equity Investment: 20% of Total Development Costs (net of developer and consulting fees).

More Definitions of Owner Equity

Owner Equity means the total Construction Costs less the amount of the Loan.

Owner Equity means the following amounts in the aggregate for Ginatta: (i) $1,550,000, following the First Payment upon the Closing, or (ii) $1,100,000, following the Second Payment upon the exercise of the Option.

Owner Equity has the meaning set forth in the Purchase Agreement.

Owner Equity means the total Construction Costs plus the amount of any cost overruns or change orders increasing Construction Costs and not accounted for by a re- allocation approved by Lender among line items of the Construction Budget, less the amount of the Loan.

Owner Equity. Cash monies in an amount of [$2,220,302] to be supplied to the Disbursing Agent by the Borrower. The balance of the equity will be used to pay off the Bank Loan, pay developer fee, or fund reserves which will not be governed by this Agreement.

Owner Equity means for any calendar year the arithmetic average of the equity investment in SMGC (expressed in dollars) on the first and last day of such year. For purposes of the foregoing, such equity investment shall be determined insofar as possible as if (i) SMGC were a corporation domiciled in Missouri, and ii) the interests of the partners in SMGC were stockholder interests in such corporation.

Owner Equity. The ratio of Tangible Assets less Total Liabilities ------------ of the Company divided by tangible assets.