Borrower Equity definition

Borrower Equity means: (i) with respect to the Next Financing, the New Preferred, Common Stock and/or other equity securities of Borrower to be issued by Borrower in the Next Financing, or (ii) with respect to any prepayment made pursuant to Section 2(e)(i) through the issuance of securities of Borrower, Common Stock.”

Borrower Equity means any equity contributed or required to be contributed to Borrower by Member or Sponsor.

Borrower Equity means: (i) if the Equity Financing is a Qualified Private Financing, the New Preferred and/or other securities of the Borrower to be issued by the Borrower in the Qualified Private Financing; (ii) if the Equity Financing is an Initial Public Offering or Qualified Follow-on Public Offering, the securities of the Borrower to be issued by the Borrower in such offering.

Examples of Borrower Equity in a sentence

• Any moneys remaining in the Closing Costs Fund (including investment proceeds) after the earlier of (i) the payment of all costs of issuance as certified in writing to the Fiscal Agent by the Borrower or (ii) a period of five months after the Closing Date, shall be paid to the Borrower Equity Account of the Project Fund and the Closing Costs Fund shall be closed.

• The Governmental Lender agrees that if the Governmental Lender has not objected in writing to any disbursement from the Note Proceeds Account or Borrower Equity Account within five Business Days of receipt of a request for acknowledgment of such disbursement, the Governmental Lender shall be deemed to have acknowledged such disbursement.

• The Fiscal Agent shall deposit the Borrower Equity Deposit into the Borrower Equity Account of the Project Loan Fund, as well as any additional amounts delivered from time to time to the Fiscal Agent and directed by the Borrower or Servicer to be deposited therein (excluding any proceeds of the Governmental Note), as provided in Section 2.11(c) hereof.

• The Fiscal Agent shall disburse moneys in the Note Proceeds Account, the Capitalized Interest Account and its subaccount, and the Borrower Equity Account of the Project Fund for the acquisition, construction and equipping of the Project, to pay other Qualified Project Costs and to pay other costs related to the Project as provided herein.

• The Fiscal Agent shall also deposit in the Borrower Equity Account any additional amounts delivered from time to time to the Fiscal Agent and directed by the Borrower or Servicer to be deposited therein, excluding any proceeds of the Loans.

More Definitions of Borrower Equity

Borrower Equity means any non-borrowed funds contributed by Borrower, or any shareholder of Borrower on behalf of Borrower, toward Project Costs.

Borrower Equity. Interests shall have the meaning specified in Section 6.1.2 [Subsidiaries and Owners; Investment Companies]. Borrowing Date shall mean, with respect to any Loan, the date for the making thereof or the renewal or conversion thereof at or to the same or a different Interest Rate Option, which shall be a Business Day.

Borrower Equity has the meaning and use as provided for in Schedule 5.

Borrower Equity is the amount that Borrower is required to pay toward the Total Costs. Whenever Borrower is required to pay any items from Borrower Equity, Lender, at its option, may restrict or prohibit advances of the Loan for such items to the extent that Borrower Equity is sufficient to pay such amounts. After the exhaustion of Borrower Equity allocated to a given line item, Lender will advance Loan proceeds for that line item pursuant to the Budget.

Borrower Equity shall have the meaning assigned thereto in the preamble to this Agreement.

Borrower Equity means the equity required to be contributed by each Equity Support Member pursuant to the Equity Capital Contribution Agreement and which equity will be applied pursuant to Section 5.1 of the Financing Agreement.

Borrower Equity means an amount not less than Two Million Fifteen Thousand and No/100 Dollars ($2,015,000.00)of unborrowed funds which Borrower shall cause to be contributed to or applied in payment of the costs and expenses incurred by Borrower in connection with the Loan and the Property (of which amount at least One Million One Hundred Ninety Thousand and No/100 Dollars ($1,190,000.00) shall be contributed to or applied in payment of the costs and expenses incurred by Borrower in connection with the Immediate Capital Improvement Work).