Equity Advances. If the Seller has acquired an Equity Advance with respect to a Relocating Employee and an Origination Home under the Purchase Agreement, the Master Servicer will either as the applicable Originator of such Equity Advance or as Master Servicer, and so long as the original Equity Advance remains outstanding, cause all other Equity Advances, Final Equity Payments and Mortgage Payment Advances made to such Relocating Employee with respect to such Origination Home, to the extent that they constitute Eligible Receivables, to be sold to the Seller under the Purchase Agreement.
Equity Advances. If the Seller has acquired an Equity Advance with respect to a Relocating Employee and an Origination Home under the Purchase Agreement, each Subservicer will ensure, either as the applicable Originator of such Equity Advance or as Subservicer, that so long as the original Equity Advance remains outstanding, all other Equity Advances, Final Equity Payments and Mortgage Payment Advances made to such Relocating Employee with respect to such Origination Home, to the extent that they constitute Eligible Receivables, will be sold to the Seller under the Purchase Agreement.
Equity Advances. Upon the Members’ execution of the Syndication Proposal, and the execution of the Management Agreement described above in Section 4.5, Venture Corp. shall make the Equity Advance capital contribution to the Company in the amount specified in the Syndication Proposal. Following receipt of the Equity Advance the Company will contribute the amount of the Equity Advance to the Venture Sub which will proceed to acquire the Target Property. The Company shall maintain separate accounting for each Equity Advance made by Venture Corp.
Equity Advances. (a) On the terms and subject to the conditions set forth in this Agreement, the Equity Investor shall make advances ("Equity Advances") to Owner from time to time prior to the Additional Properties Outside Date; provided, however, that (i) the aggregate amount of Equity Advances made by the Equity Investor shall not exceed the Equity Commitment; and (ii) the aggregate amount of all Equity Advances in respect of the Leased Properties shall not be less than 3% of the Aggregate Lease Balance.
Equity Advances. Venture Corp. shall loan to the Company the amount of equity funds the Company is required to contribute to a Venture Sub to acquire the Target Property (as determined under Section 4.3, above), when and in the amount specified in the respective Target Property Proposal (an “Equity Advance”). Each Equity Advance shall be evidenced by a promissory note having the substance and in the applicable form attached hereto as Exhibit C. Following receipt, the Company will contribute the amount of each Equity Advance to the respective Venture Sub. An amount equal to the Operating Proceeds generated by such Venture Sub (with respect to the period between the date of such Equity Advance and the date when such Equity Advance is repaid in full to Venture Corp.) shall constitute the base interest payable to Venture Corp. for the Equity Advance, which shall be payable by the Company as such amounts are distributed by the Venture Sub to the Company. In addition, if an Equity Advance is not repaid in full, excepting only the Retained Percentage Equity Amount, prior to the Applicable Additional Return Date, then from and after such Applicable Additional Return Date, Venture Corp. shall be entitled to the Additional Return on the unpaid portion of the Equity Advance (excepting only the Retained Percentage Equity Amount) outstanding from time to time until such Equity Advance has been repaid in full.
