Upfront Equity definition

Upfront Equity means the sum of $1,184,339.00, which amount represents funds to be advanced by persons other than Lender, for the purposes of acquisition of the Land and construction of the Improvements, the funding of which is a condition to the Advance.
Sample 1
Upfront Equity has the meaning ascribed to such term in Schedule 5. Schedule 2 Form of Draw Request [BORROWER’S LETTERHEAD] DRAW REQUEST NO. _________ TO: COMMUNITY & SOUTHERN BANK (“Lender”) LOAN NO. ______________________________ PROJECT ______________________________ LOCATION ______________________________ BORROWER CAMPUS CREST AT VALDOSTA, LLC 0000 Xxxxxxx Xxxx Suite 414 Charlotte, North Carolina 28211 FOR PERIOD ENDING __________________________ In accordance with the Construction Loan Agreement in the amount of $____________ dated ____________ 2010, between Borrower and Lender, Borrower requests that [$____________ be advanced from Loan proceeds] [$____________ be advanced from Borrower’s Upfront Equity]. The proceeds should be credited to the account of ____________ Account No. 0000000, at ____________.
Sample 1
Upfront Equity is the amount that Borrower is required to expend on the Land and Improvements before Lender is required to advance any of the Loan proceeds. Whenever Borrower is required to pay any items from Upfront Equity, Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Upfront Equity is sufficient to pay such amounts. In the event that any portion of Borrower’s Upfront Equity is on deposit with Lender, Lender shall make all advances first from such equity before advancing any Loan proceeds to Borrower. After the exhaustion of Upfront Equity, Lender will advance Loan proceeds pursuant to the Budget. Notwithstanding the foregoing, Lender and Borrower acknowledge that Lender will advance $1,000.00 of Loan proceeds at the time of Loan closing.
Sample 1

Examples of Upfront Equity in a sentence

  • License Issue Fee $65,000 upfront payment Upfront Equity Waived License Maintenance Fees $25,000 per year per Licensed Product due on the anniversary of the Effective Date – credited against royalties in the current fiscal year.

  • Subject to Curis’ issuance to Aurigene of the Upfront Equity Issuance in accordance with Section 6.1, Aurigene’s performance of the R&D Programs with respect to PTP1 and PTP2 and delivery to Curis of the Development Candidate Data Package for each of PTP1 and PTP2 shall be at Aurigene’s sole cost and expense.

  • Evidence satisfactory to Administrative Agent that the Up-front Equity has been fully paid and funded.

  • The total amount in this Section 8.1 aggregates to six million Dollars ($6,000,000) comprised of the Upfront Payment, the Upfront Equity Issuance and the Territory Research and Development Expense Funding described below.

  • The aggregate consideration that may be paid in the Merger in exchange for all of the Company Common Stock shall have an aggregate value equal to the sum of (a) the Upfront Cash Consideration, (b) the Upfront Equity Consideration, and (c) the Earnout Payments, each as may be adjusted hereunder.

  • License Issue Fee *** Upfront Equity Waived License Maintenance Fees *** per year per Licensed Product due on the anniversary of the Effective Date – credited against royalties in the current fiscal year.

  • After the exhaustion of Upfront Equity or Deferred Equity allocated to a given line item, the Lender will advance Loan proceeds for that line item pursuant to the Budget.

  • Seller understands that the shares of preferred stock issued by Buyer as part of the Upfront Equity Consideration are characterized as “restricted securities” under the federal securities Laws inasmuch as they are being acquired from Buyer in a transaction not involving a public offering and that under such Laws and applicable regulations such securities may be resold without registration under the Securities Act, only in certain limited circumstances.

  • The sum of (i) the Upfront Cash Consideration (as adjusted pursuant to clause (i) above), plus (ii) the Upfront Equity Consideration shall constitute the “Upfront Consideration.” The Upfront Cash Consideration to be paid by the Parent at Closing shall be reduced by an amount equal to the Stockholder Representative Escrow Amount.

  • Whenever the Borrower is required to pay any items from Upfront Equity or Deferred Equity, the Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Upfront Equity or Deferred Equity is sufficient to pay such amounts.

Related to Upfront Equity

  • Net Equity ’ means, subject to such rules and regulations as the Commission pro- mulgates under the Act, with respect to the aggregate of all of a customer’s accounts that such customer has in the same capacity—

  • Parent Equity Plan means the Energy Transfer Equity, L.P. Long-Term Incentive Plan.

  • New Equity means the common equity interests in Reorganized Neiman to be authorized, issued, or reserved on the Effective Date pursuant to the Plan.

  • Parent Equity Plans means all employee and director equity incentive plans of Parent and agreements for equity awards in respect of Parent Common Stock granted under the inducement grant exception.

  • Net Equity Value means, at any time, the total assets of the applicable business less the total liabilities of such business less the amounts attributable to the minority interest in such business, in each case as determined on a consolidated basis, in accordance with GAAP, subject to the last sentence of the definition of Capitalization Value.

  • Next Equity Financing means the next sale (or series of related sales) by the Company of its Preferred Stock following the Date of Issuance from which the Company receives gross proceeds of not less than $1,000,000 (excluding the aggregate amount of securities converted into Preferred Stock in connection with such sale (or series of related sales)).

  • Net Equity Proceeds means an amount equal to any Cash proceeds from the issuance of any Equity Interests of Holdings or any of its Subsidiaries (other than pursuant to any employee stock or stock option compensation plan), net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Book Equity means the aggregate of the amounts paid-up or credited as paid-up on the Charter Guarantor's issued share capital and the amount of the consolidated capital and revenue reserves of the Group (including any share premium account, capital redemption reserve fund and any credit balance on the consolidated profit and loss account of the Group) all as shown by the latest audited consolidated balance sheet and profit and loss account of the Group delivered under this Deed but after:

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Adjusted Equity means the Equity funded in Indian Rupees and adjusted on the first day of the current month (the “Reference Date”), in the manner set forth below, to reflect the change in its value on account of depreciation and variations in WPI, and for any Reference Date occurring:

  • Stock Acquisition Date means the first date of public announcement (which, for purposes of this definition, shall include, without limitation, a report filed pursuant to Section 13(d) under the Exchange Act) by the Company or an Acquiring Person that an Acquiring Person has become such.

  • Interest Equivalent means a yield on a 360-day basis of a discount basis security which is equal to the yield on an equivalent interest-bearing security.

  • Xxxx Xxxxxx Select Equity Trust is replaced by "Xxxxxx Xxxxxxx Xxxx Xxxxxx Select Equity Trust".

  • Specified Equity Contribution means any cash contribution to the common equity of Holdings and/or any purchase or investment in an Equity Interest of Holdings other than Disqualified Equity Interests.

  • Working Capital Warrants shall have the meaning given in the Recitals hereto.

  • Cash Payment has the meaning set forth in Section 2.03(b)(iii) below.

  • Equity Consideration has the meaning set forth in Section 2.3(b)(ii).

  • Clawback Amount means the “Clawback Amount” and the “Interim Clawback Amount,” both as defined in Article One of the BREP VII Partnership Agreement, and any other clawback amount payable to the limited partners of BREP VII or to BREP VII pursuant to any BREP VII Agreement, as applicable.

  • 704(c) Value of any Contributed Property means the fair market value of such property or other consideration at the time of contribution, as determined by the General Partner using such reasonable method of valuation as it may adopt. Subject to Exhibit B hereof, the General Partner shall, in its sole and absolute discretion, use such method as it deems reasonable and appropriate to allocate the aggregate of the 704(c) Values of Contributed Properties in a single or integrated transaction among the separate properties on a basis proportional to their respective fair market values.

  • Closing Stock Price means the Stock Price as of the last day of any Performance Measurement Period.

  • Company Equity Plan means, collectively, (a) the Amended and Restated Cerevel Therapeutics, Inc. 2018 Equity Incentive Plan, (b) the Cerevel Therapeutics, Inc. 2020 Equity Incentive Plan and (c) each other plan that provides for the award to any current or former director, manager, officer, employee, individual independent contractor or other service provider of any Group Company of rights of any kind to receive Equity Securities of any Group Company or benefits measured in whole or in part by reference to Equity Securities of any Group Company.

  • Economic Value – means the value of the Company and of its shares, to be determined by a specialized company by using a recognized methodology or based on another criterion to be defined by the CVM.

  • Closing Cash Consideration has the meaning set forth in Section 2.6(b).

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).