Project Equity definition

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.
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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.
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Project Equity means the $6,886,000 equity investment or subordinated loan made or to be made in or to Borrower to partially fund the cost of the Project.
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Examples of Project Equity in a sentence

  • Within sixty (60) business days following the issuance of the Certificate of Occupancy by the City, described in Section 3.1.2.3, Borrower shall deliver to Lender the difference between the (i) Total Project Equity (defined below) and (ii) the Initial Equity Deposit.

  • The evaluation criteria that will be used to select the projects are: Regional Significance, Usage and Impacts of the Project, Equity, Project Readiness, Project Funding, and Emissions Reduction (see pages 7-8 for detail on the criteria).

  • As of the Closing Date, the Sponsor has made Equity Contributions equal to $129,940,628, which shall reduce the Project Equity Commitment and the Remaining Equity Commitment.

  • 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.

  • Each Advance following the Initial Advance shall be in an amount that is equal to the lesser of (a) the amount of the Commitment Amount not outstanding, or (b) the allowable Project Equity Advance for the applicable Project.


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.
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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.
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Project Equity means, as applicable, (i) the aggregate amount of capital a Member is required to contribute to the Company pursuant to the terms hereof, and (ii) any additional capital contributed by any such Member pursuant to this Agreement.
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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;
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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.
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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.
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Project Equity. As such term is defined in Section 8.1(a). -------------- --------------
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