Approved Financing definition

Approved Financing means all of the following loans, grants and equity obtained by Borrower and approved by the County for the purpose of financing the acquisition of the Property and rehabilitation of the Development: (i) the Restructured El Cerrito Loan; (ii) California Municipal Finance Authority 2017 Multifamily Housing Revenue Note (Church and Idaho Apartments) issued by the California Municipal Finance Authority (the "Government Lender") in the approximate amount of Twelve Million One Hundred Seven Thousand One Hundred Fifty-Nine Dollars ($12,107,159) (the "Government Lender Note"), the proceeds of which are loaned to Borrower by the Government Lender pursuant to a funding loan to the Government Lender by the Bank (the "Bank Loan") which will convert to a permanent loan in the approximate amount of Two Million Ninety-Six Thousand Dollars ($2,096,000) (the "Permanent Loan"); (iii) the Low Income Housing Tax Credit investor equity funds in the approximate amount of Seven Million Two Hundred Ten Thousand Seven Hundred Sixteen Dollars ($7,210,716) (the "Tax Credit Investor Equity") provided by the Investor Limited Partner; (iv) the loan from Church Lane Seller in the approximate amount of One Million Five Hundred Thirty-Six Thousand Three Hundred Sixty-Seven Dollars ($1,536,367) (the "Church Lane Seller Loan"); (v) the loan from Idaho Apartments Seller in the approximate amount of Six Hundred Eighty-Two Thousand One Hundred Sixty-Three Dollars ($682,163) (the "Idaho Apartments Seller Loan"); (vi) the loan from RCD of state certificated credits in the approximate amount of One Million Five Hundred Seventeen Thousand Four Hundred Sixty-Four Dollars ($1,517,464 (the "State Credits Loan"); (vii) the capital contribution from Borrower's general partner in the approximate amount of One Million Seventeen Thousand Two Hundred Eleven Dollars ($1,017,211) (the "GP Capital Contribution"); (viii) Affordable Housing Program Loan from the Federal Home Loan Bank of San Francisco in the approximate amount of Four Hundred Ninety Thousand Dollars ($490,000) (the "AHP Loan"); and (ix) the permanent loan of Multifamily Housing Program – Supportive Housing funds from the California Department of Housing and Community Development ("HCD") in the approximate amount of Three Million One Hundred Sixty-Two Thousand Five Hundred Sixty-Four Dollars ($3,162,564) (the "HCD MHP-SH Loan").

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Approved Financing means the loans, equity, and other financing obtained by the Developer for the purpose of financing the costs of the Development that are approved by the City and consistent with the Financing Plan.

Approved Financing means all of the following loans, grants and equity obtained by Borrower and approved by the County and the City for the purpose of financing the acquisition of the Property and construction of the Development in addition to the Combined County Loan and the Restructured City Loan: i. County of Contra Costa Multifamily Housing Revenue Bonds (Antioch Scattered Site Renovation) Series 2018A issued by the County of Contra Costa (the "Issuer") in the approximate amount of Ten Million Four Hundred Seventy-Five Thousand Four Hundred Forty-One Dollars ($10,475,441) (the "Bonds"), that are purchased by the Bank and the sale proceeds of which are loaned to Borrower (the "Bank Loan") which will convert to a permanent loan in the approximate amount of Four Million Six Hundred Eighty Thousand Dollars ($4,680,000) (the "Permanent Loan"); ii. the Low Income Housing Tax Credit investor equity funds in the approximate amount of Six Million Eight Hundred Sixty-Six Thousand Eight Hundred Seventy- Six Dollars ($6,866,876) (the "Tax Credit Investor Equity") provided by the Investor Limited Partner; iii. the loan from RCD of Development reserves in the approximate amount of Two Hundred Five Thousand Nine Hundred Dollars ($205,900) (the "Reserve Loan"); and iv. the capital contribution from Borrower's general partner in the approximate amount of Five Hundred Forty Thousand Three Hundred Forty-Four Dollars ($540,344,) (the "GP Capital Contribution").

Examples of Approved Financing in a sentence

• As of such Approved Subsequent Credit Date, there shall have been no material amendment, restatement, supplement or other modification to, or waiver of, any material provision of, or attachment to, the Underlying Financing Specification then in effect with respect to the Approved Financing to be funded on such Approved Subsequent Credit Date.

• In the event that any Borrowers propose that any Underlying Financing or Approved Financing be denominated in a currency other than Dollars, the parties hereto shall enter into good faith negotiations to amend this Agreement to provide for the Dollar equivalent of any such amounts as determined by Administrative Agent on a daily or other basis to be agreed, based on a conversion rate to be agreed between Borrowers and Lenders.

• Without limiting the generality of the foregoing, you shall not, and shall cause your Representatives (other than Approved Financing Sources) not to, oppose any action by the Company and/or the Special Committee to obtain such a protective order or other remedy.

• Each party hereto hereby acknowledges and agrees that it is the intention of the Manager to cause the Owner Entity, simultaneously with the execution of this Agreement, to borrow funds from an unrelated third party lender (which transaction shall constitute an Approved Financing under the terms of EXHIBIT B attached hereto).

• You represent and warrant to the Company and the Special Committee that neither you nor any of your Representatives that are acting on your behalf or at your direction (other than Approved Financing Sources and third party advisors not taking action on your behalf or at your direction) have entered into any such agreement, arrangement or any understanding as of the date hereof.

More Definitions of Approved Financing

Approved Financing means all of the following loans or equity funds acquired by Borrower and approved by the County for the purpose of financing the Project in addition to this Loan:

Approved Financing has the meaning set forth in Section 7.2.1.

Approved Financing means the loans, grants, and other financing to be secured by the Developer, and approved by the City for the purpose of financing the costs of the Development which shall be consistent with the Approved Financing Plan.

Approved Financing means a preferred stock financing of the Company, with the principal purpose of raising capital, and having aggregate cash proceeds of at least $17,500,000 and less than $25,000,000, including the Outstanding Balance of the Notes and all accrued but unpaid and uncapitalized interest thereon.

Approved Financing means all of the funds acquired by the Recipient and approved by the City for the purpose of financing the acquisition of the Property and development of the project, in addition to the Grant from the City and other grants which are secured by the Project as of the date of this Agreement.

Approved Financing means all of the following loans and equity acquired or to be acquired by the Borrower and approved by the Authority for the purpose of financing the

Approved Financing means any financing transaction resulting in cash proceeds to the Company, provided that either (i) such transaction does not violate any terms and conditions of the Transaction Documents, or (ii) compliance with the terms and conditions of the Transactions Documents with respect to such transaction is waived in writing.