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.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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.

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

Examples of Owner Equity in a sentence

• 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.

• Owner Funding may consist of loans, lines of credit, funding from other programs (loans or grants), and owned assets (Owner Equity).

• Borrower shall have paid all of the Owner Equity funds into the Project before the first Disbursement and Borrower shall deliver evidence of such payment reasonably satisfactory to Lender.

• The GP Owner Equity shall be transferred to USAC free and clear of all encumbrances, except restrictions on transfer arising under applicable securities laws.

More Definitions of Owner Equity

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

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.

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 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 has the meaning set forth in the Purchase Agreement.

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.