Required Equity Amount Clause Samples
Required Equity Amount. Borrowers shall have furnished to Lender evidence in form and content reasonably satisfactory to Lender that Borrowers have contributed the Required Equity Amount.
Required Equity Amount. Final Plans and Specifications; Material Change Orders ........................................... 26 6.7
Required Equity Amount. Without limiting the obligations of Borrower to pay all amounts required to be paid by Borrower to the Secured Parties or otherwise with respect to the Property and the Project in accordance with the terms of this Agreement and the other Loan Documents, Borrower shall be required to fund or shall have funded in cash (a) an amount at least equal to […***…] for the acquisition of the Property and payment of Hard Costs and Soft Costs incurred prior to the Closing Date which Borrower and Administrative Agent hereby acknowledge has been funded on or prior to the Closing Date and the Required Disbursement Account Deposit to be made on the Initial Funding Date (together, the “Required Initial Equity Amount”); (b) an amount equal to the Closing Date Shortfall, (c) an amount equal to the Shortfall that exists as a result of Borrower’s modification of the Project Budget in accordance with Section 6.1 of this Agreement (a “Budget Amendment Shortfall”); and