Required Equity Funds definition

Required Equity Funds means $[ ], comprised of the installments of equity contributions to be made to the Borrower by the Tax Credit Investor, subject to adjustment and funded in accordance with the terms and conditions of the Partnership Agreement.
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Required Equity Funds shall have the meaning set forth in Section 2.11.13.
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Required Equity Funds means the amounts required to be deposited in the Equity Account of the Project Fund pursuant to Section 1.2 of the Construction Disbursement Agreement and Section 5.9 of the Loan Agreement.
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Examples of Required Equity Funds in a sentence

  • Lender hereby acknowledges and agrees that the Required Equity Funds have been contributed by Mortgage Borrower to the Property.

  • Borrower shall furnish Lender with evidence in form and content satisfactory to Lender that, as of the date of the Final Advance, Borrower has invested Cash equity in an amount equal to or greater than the Required Equity Funds or has otherwise complied with the provisions of Section 2.11.13 with respect thereto.

  • All Required Equity Funds shall be contributed (i.e., expended by Mortgage Borrower and invested by Mortgage Borrower in the Property) before any Advances shall be made.

  • Evidence satisfactory to Lender that the proceeds of the Loan plus the Required Equity Funds will be sufficient to cover all Project-Related Costs reasonably anticipated to be incurred and to satisfy the Obligations of Borrower to Lender and under this Agreement and the other Loan Documents.

  • All Required Equity Funds shall be contributed (i.e., expended by Borrower and invested by Borrower in the Property, for Project Related Costs set forth on the approved Development Budget) before the Closing Date.


More Definitions of Required Equity Funds

Required Equity Funds means the sums, if any, required of Borrower by Lender, to be available to pay the difference between Property Costs and the amount of the Loan.
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Required Equity Funds means, with respect to the Construction Loan, Eight Million Nine Hundred Fifteen Thousand Eight Hundred Ninety One ($8,915,891.00) which amount shall be infused by Borrower prior to any Advance hereunder.
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Required Equity Funds means, collectively, the value of the Property before any construction of any improvements, free and clear of any Liens other than Permitted Liens.
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Required Equity Funds means all installments of equity contributions to be made to the Borrower by the Investor Limited Partner through the Stabilization Date and funding of the Operating Reserve Account, subject to and in accordance with the terms of the Partnership Agreement.
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Required Equity Funds means an initial deposit in the amount of $ to be made by or on behalf of the Borrower to the Funding Lender, which additional deposits represent portions of the second, third and fourth installments of capital contributions pursuant to, and are subject to adjustment and delivery from time to time as provided in, the Partnership Agreement.
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Required Equity Funds means the $14,000,000.00 contributed by Mortgage Borrower in connection with the acquisition of the Property.
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Required Equity Funds means contributions by Investor Limited Partner to the capital of the Borrower, for application to Project Costs in accordance with the Approved Budget, to be contributed and so applied in installments at times and in amounts approved by the Servicer, in the aggregate amount of [ ] and No/100th Dollars ($[ ]).
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