Required Equity Amount definition

Required Equity Amount shall have the meaning assigned to such term in the Mortgage Loan Agreement.

Required Equity Amount. At any time, an amount equal to the greater of (i) the aggregate Outstanding Loan Balances of the eight largest Borrowing Base Eligible Loans (based on Outstanding Loan Balances) included as part of Collateral, or (ii) $150,000,000.

Required Equity Amount means the greater of:

Examples of Required Equity Amount in a sentence

• Borrowers shall have furnished to Lender evidence in form and content reasonably satisfactory to Lender that Borrowers have contributed the Required Equity Amount.

• An aggregate amount at least equal to the Required Equity Amount shall have been contributed to the Borrowers and shall remain contributed and have been applied or used for Permitted Uses by the Borrowers.

• While it is anticipated that Sponsor and Dubai World will each fund 50% of the Required Equity Amount, Sponsor shall be responsible to timely fund the full Required Equity Amount (but without an obligation to exceed its Equity Commitment) in the event Dubai World fails to fund all or any part of its portion of the Required Equity Amount.

• For each Finance Project, neither (i) the membership interest in the relevant Transferring Company held by the Seller on the Closing Date nor (ii) the tokumei kumiai interests in the relevant Transferring Company held by the relevant TK PSA Seller on the Closing Date, shall be less than the Relevant Required Equity Amount.

• Borrower have made a cash investment towards the acquisition of the Real Property and the Facilities of not less than Closing Date Required Equity Amount.

More Definitions of Required Equity Amount

Required Equity Amount means the amount set forth on Annex A of this Agreement opposite such term representing the minimum amount of equity of the Shipowner in the Vessel as determined by the Administrator.

Required Equity Amount shall have the meaning set forth in Section 3.2(h) hereof.

Required Equity Amount means at least 1,325,869 of the issued and outstanding Equity Interests of Holdings.

Required Equity Amount means $116,765,000.

Required Equity Amount means, with respect to any proposed funding of a Loan:

Required Equity Amount has the meaning given in Section 6.5. “Required Initial Equity Amount” has the meaning given in Section 6.5. “Required Retainage Amounts” means, for Construction Contracts that (individually, or taken together with other Construction Contracts) account for at least […***…] of Hard Costs as set forth in the Project Budget (excluding Construction Contracts that are subcontracts with a Contractor), (a) the greater of (i) ten percent (10%) of the applicable contract price with the ability to reduce to five percent (5%) of the applicable contract price from and after the date that the work contemplated by the applicable Construction Contract is greater than fifty percent (50%) Complete, and (ii) the actual retainage required under such Construction Contract; provided that, if Borrower requests the Administrative Agent’s consent to a Construction Contract with retainage that is less than the above-referenced amounts, and the Administrative Agent approves such Construction Contract, then the retainage amount in such approved Construction Contract shall be the “Retainage” amount hereunder with respect to such Construction Contract. “Reserved Amount” has the meaning given in the definition of “Substantial Completion”. “Reserved Disputed Amounts” means the portion of Disputed Amounts reasonably estimated by the Borrower in good faith (in consultation with the Construction Consultant) as its liability with respect thereto. “Retainage Amounts” means, at any given time, amounts, if any, that have accrued and are owing under the terms of a Construction Contract for work, materials or services already provided but which at such time (in accordance with the terms of the Construction Contract) are being withheld from payment to the Contractor thereunder until certain subsequent events (e.g., completion benchmarks) have been achieved. “Shortfall” means, at any time of determination, the amount by which the sum of the total Remaining Costs plus the Required Contingency exceeds Available Construction Funds. “Soft Costs” means all Project Costs other than Hard Costs. “Substantial Completion” means each of the following conditions has been satisfied:

Required Equity Amount means $130,410,044.52, which was delivered to Lender by Guarantors on behalf of Borrowers in the form of a Required Equity Letter of Credit on the Construction Qualification Date.