Borrower Equity. The Parent owns, free and clear of Liens, and has the unencumbered right to vote, all outstanding ownership interests in the Borrower.
Borrower Equity. Equity Contributions required to be in compliance with the Maximum Project Funding Ratio and the Debt Sizing Criteria shall have been paid to the Borrower or any Subsidiary thereof (or to the applicable payee if made through the payment of Project Costs on behalf of a Project), or otherwise credited to the Projects in the case of previously funded Equity Contributions, in an amount not less than the Allocated Minimum Equity Contribution, and as certified by the Independent Engineer.
Borrower Equity. Lender shall have received satisfactory evidence immediately prior to the closing of the Acquisition, that Borrower has deposited with the escrow agent handling the Acquisition the amount necessary to close the Acquisition (after taking into account the funding of the Loan) as more fully reflected in its settlement statement prepared by such escrow agent and approved by Lender.
Borrower Equity. Lender shall have received evidence that the Initial Equity Investment has been fully expended to pay Budget Costs.
Borrower Equity. Borrower shall have furnished to Lender evidence satisfactory to Lender that Borrower has expended from its own funds (a) at least twenty percent (20%) of the aggregate purchase price of the Project and (b) one hundred percent (100%) of all other amounts payable in connection with the purchase of the Project and the closing of the Loan.
Borrower Equity. Borrower shall have contributed all of the Borrower Equity to the payment of the Immediate Capital Improvement Work and Borrower shall have delivered evidence of the same to Lender;
Borrower Equity. Borrower shall have delivered evidence to Lender, which evidence shall be satisfactory to Lender in its sole discretion that (a) Guarantor or its Affiliate has made a capital contribution directly or indirectly to Mortgage Borrower to be used with respect to the Property in an amount no less than $3,000,000 and (b) GEBAM has made a capital contribution directly or indirectly to Mortgage Borrower to be used with respect to the Property in an amount no less than $15,000,000.
Borrower Equity. Contributions required pursuant to Sections 5.17.1 (including Section 5.17.1(b), if applicable) and 5.17.2 hereof shall have been funded and applied in accordance with Section 5.1.
Borrower Equity. Borrower shall have furnished to Lender evidence satisfactory to Lender that Borrower has (a) expended from its own funds at least $3,200,000 on account of the purchase price of the Project, and (b) expended from its own funds (or, to the extent not so expended, placed in a restricted account with Lender for expenditure in connection with the Project, subject to Lender's prior written approval) at least $872,750 on account of soft costs and closing costs of the Project.
Borrower Equity. The Borrower Equity (as defined in the Plant Loan and Security Agreement) shall have been received by Borrower and disbursed to pay Project Costs as required by the Plant Loan and Security Agreement. Borrower shall also provide copies of the documentation evidencing the Borrower Equity to Lender
