Project Sources definition

Project Sources means the Mortgaged Property (as defined in the Senior Security Instrument), any proceeds of the Senior loan, and any reserve or deposit made with Senior Lender or any other party as required by HUD in connection with the Senior loan.
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Project Sources means, at any particular time prior to Completion, the aggregate of:
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Project Sources means the Mortgaged Property (as defined in the Senior Security Instrument), any proceeds of the Senior -Indebtedness, and any reserve or deposit made with Senior Lender, or any other party as required by HUD in connection with the Senior Indebtedness.
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Examples of Project Sources in a sentence

  • The Borrower shall ensure that at all times Project Sources are greater than the Estimated Completion Amount and will fund all Project Costs from the proceeds of Equity of the Sponsor before any further Loan is requested if and to the extent that at any time and from time to time the Project Sources are less than the Estimated Completion Amount.

  • The Borrower's requested voluntary prepayment of the Credit Facility shall only be given effect if, and to the extent, the Lenders and the Independent Technical Consultant are satisfied, acting reasonably, that the Borrower has sufficient Project Sources at such time to achieve Completion by the Project Longstop Date inclusive of sufficient provisions for cost overruns as determined by the Lenders and the Independent Technical Consultant acting reasonably.


More Definitions of Project Sources

Project Sources as of any date of determination, an amount equal to the sum of (a) the total unrestricted Cash and Cash Equivalents of the Borrower and its Restricted Subsidiaries minus the Minimum Cash Requirement as of such date of determination, plus (b) the amount of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries set forth in the In-Balance Projections for the In-Balance Test with respect to such Project, plus (c) unutilized Commitments under the Revolving Credit Facility, any Incremental Revolving Facility or any Incremental Delayed Draw Term Facility, in each case, as of such date of determination, plus (d) unutilized committed lease financing or other form of committed financing of the Borrower and its Restricted Subsidiaries as of such date of determination for such Project (and for all other Unfinished Projects), plus (e) the Net Disposition Proceeds to be received by the Borrower and its Restricted Subsidiaries from Dispositions which are subject to contractual commitments as of such date of determination, so long as (i) such contractual commitments are not subject to any conditions other than the passage of time and the obtaining of any applicable Gaming Board approvals, (ii) such Net Disposition Proceeds are reasonably expected to be received during the Project Period, (iii) the Borrower has designated or re-designated such Net Disposition Proceeds for use for such Project or any other Unfinished Project, plus (f) other sources of funds that other parties are contractually committed (such as contractually committed proceeds of insurance payments and legal settlements and awards) to make cash payments to the Borrower and its Restricted Subsidiaries within the Project Period, so long as the Borrower has designated or re-designated such cash payments for use for such Project or any other Unfinished Project; provided however, that the combined amount added pursuant to clause (e) and clause (f) shall not exceed $25,000,000 in the aggregate.
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Project Sources means the Mortgaged Property (as defined in the Senior Security Instrument), 106 any proceeds of the Senior loan, and any reserve or deposit made with Senior Lender or any 107 other party as required by HUD in connection with the senior loan. 108 109 “Senior Indebtedness” means all present and future indebtedness, obligations, and liabilities of 110 Borrower to Senior Lender under or in connection with the Senior loan or the Senior Loan 111 Documents. 112
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Related to Project Sources

  • Project Scope means the scope of the Proposed Project that has been mutually agreed to by the Authority and the District and as is attached hereto as Exhibit “B”.

  • Project Water means water made available for delivery to the contractors by project conservation facilities and the transportation facilities included in the System.

  • Project Services means architectural, engineering services, land surveying, construction management at-risk services, ancillary technical services or other construction-related services determined by the board to be required by the project.

  • Project Data means all proprietary data of the Project generated out of the Project operations and transactions, documents and related information including but not restricted to user data which the Bidder obtains, possesses or processes in the context of providing the Services to the users pursuant to this RFP including the SLA;

  • Manufacturing operation means a process in which materials are changed, converted, or transformed into a different state or form from which they previously existed and includes refining materials, assembling parts, and preparing raw materials and parts by mixing, measuring, blending, or otherwise committing such materials or parts to the manufacturing process. "Manufacturing operation" does not include packaging.