Project Equity definition

Project Equity means the required $6,370,000 equity investment made or to be made in or to the Borrower to partially fund the cost of the Project.

Project Equity means, in respect of a Project Company, the aggregate of all equity or subordinated (in ranking or payment) Financial Indebtedness or other subordinated (in ranking or payment) funding of such Project Company subscribed to or lent to such Project Company or contracted to be so subscribed or lent by or guaranteed or otherwise indemnified by one or more members of the Group.

Project Equity means for a Borrowing Base Property the amount of equity to be provided by Borrower and invested in the related Construction of Improvements equal to the Total Development Budget for such Borrowing Base Property (which Total Development Budget in any event shall not be greater than $50,000,000) less the Borrowing Base Value for such Borrowing Base Property. Such equity shall be from sources other than the applicable Borrowing Base Property Sub-Facility or any other Loan and shall be applied to the costs of Construction for the applicable Improvements prior to any disbursement under a Borrowing Base Property Sub-Facility.

Examples of Project Equity in a sentence

• There shall be a presumption that a Transfer Event has insufficient Net Project Equity if no Net Project Equity from the Transfer Event is distributed to parties related to the sponsor, developer, general partner(s) or limited partner(s) of the owner other than a distribution or a payment to the limited partner(s) of the selling entity in the amount equal to, or less than, all federal, state, and local taxes incurred by the limited partner(s) as a result of the Transfer Event.

• The Executive Director may waive or modify the requirements of this Section 10320(b)(2)(A) and (B) if the owner can demonstrate that the Transfer Event will not produce, prior to any distributions of Net Project Equity to parties related to the sponsor, developer, limited partner(s) or general partner(s), sufficient Net Project Equity to fund all or any portion of the work contemplated by the Qualified Capital Needs Assessment.

• The Executive Director shall waive or modify the requirements of this Section 10320(b)(4) if the owner can demonstrate that the Transfer Event will not produce, prior to any distributions of Net Project Equity to parties related to the sponsor, developer, limited partner(s) or general partner(s), sufficient Net Project Equity to fund all or any portion of the work contemplated by the Qualified Capital Needs Assessment.

• Limited - Singapore, IDFC Project Equity Company Limited, IDFC Investment Advisors Limited, IDFC Trustee Company Limited, IDFC Asset Management Company Limited, IDFC AMC Trustee Company Limited, IDFC Pension Fund Management Company Limited, IDFC General Partners Limited - Guernsey, IDFC Fund of Funds Limited - Guernsey, Emerging Markets Private Equity Fund LP - Guernsey, IDFC Capital (USA) Inc.

• Except for resyndication applications without a distribution of Net Project Equity, if a project seeks to receive a new reservation of 9% or 4% tax credits, any uncorrected Form(s) 8823 for life and safety violations (life-threatening and non-life threatening) and for Uniform Physical Condition Standards violations that are in existence at the time of the CTCAC application must be corrected by the project owner that received the Form(s) 8823.

More Definitions of Project Equity

Project Equity means the difference in the total costs of a Project minus amounts to be funded from the construction loan for the Project and any Subordinated Debt attributable to such project approved by Agent.

Project Equity means cash invested in the Project by Project Equity Investors on market terms such that the return of and return on such financing is paid from the Permanent Financing or from the operating revenues of the Project, as described in the Pro Forma for the Project.

Project Equity means, as applicable, (i) the aggregate amount of capital a Member is required to contribute to a Project Entity in connection with the acquisition of an Approved Project as set forth in the Approved Project Budget for such Approved Project, (ii) the aggregate amount of capital a Member is required to contribute to the Company in connection with the acquisition of one hundred percent (100%) of Inland's ownership interests in the Existing Portfolio SPEs in accordance with the Contribution Agreement, and (iii) any additional capital contributed by any such Member pursuant to this Agreement which is designated or deemed Project Equity.

Project Equity means (i) the funds contributed in respect of any issued ordinary and/or preferential shares in the Borrower to which the Shareholders have subscribed; and/or (ii) any loans provided by the Shareholders; and/or (iii) any Sponsor Subordinated Loan (other than the Subordinated Development Cost Loan which for the avoidance of doubt may not in any circumstance be treated as Project Equity) evidenced in the Sponsor Subordinated Loan Account, provided that the treatment of (ii) and (iii) as Project Equity shall be subject to the prior written approval of the Majority Lenders;

Project Equity. As such term is defined in Section 8.1(a). -------------- --------------

Project Equity means the equity investment of ACI in Buyer for the Project plus the retained earnings accumulated within the Buyer to the extent that any such undistributed retained earnings are used for capital expansion, additions and improvements, excluding Maintenance Capital Expenditures funded out of the Maintenance Capital Expenditures Reserve.

Project Equity means the difference in the total costs of a Proposed Construction Project minus: (i) amounts funded and to be funded from the construction loan for the Proposed Construction Project; (ii) any Subordinated Indebtedness attributable to such project approved by Agent for inclusion in this calculation; (iii) the amount of any marketing costs with respect to such project which are included in the Budget; (iv) amounts of presale deposits available for use in the construction of improvements for the project under Applicable Law; and (v) the amount of any subordinate Purchase Money Mortgages which are allocated to the project and to no other projects or Collateral.