Developer’s Equity definition

Developer’s Equity equals Developer’s Cost minus the Approved First Trust Deed Loan Proceeds.
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Examples of Developer’s Equity in a sentence

  • Developer shall have provided to City credible and reliable evidence of the Developer’s Equity Contribution on or before the Closing Date.

  • Developer’s Equity Contribution shall mean Developer’s and Developer’s equity investor’s minimum equity contribution to be invested in the Project, which shall be no less than Three Million Three Hundred Thousand and 00/100 Dollars ($3,300,000.00).

  • As of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, and/or cash on hand) to construct the Project.

  • As of the Closing Date, Developer, exercising commercially reasonable discretion, shall have determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, and/or cash on hand) to construct the Project.

  • Notwithstanding such termination, Developer shall not be released from the obligation to pay and perform all outstanding obligations under this Agreement, including payment of any unpaid Developer’s Equity and damages arising out of delays and cost overruns incurred to complete the Project lien free.

  • Developer shall have provided to City credible and reliable evidence of the Developer’s Equity Contribution on or before the Bond Proceeds Date.

  • As of the expiration of the Closing Date, Developer, exercising commercially reasonable discretion, shall have determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Bond Proceeds, and/or cash on hand) to construct the Project.

  • As of the Bond Proceeds Notice, Developer, exercising commercially reasonable discretion, shall have determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Bond Proceeds, and/or cash on hand) to construct the Project.

  • Developer shall have provided to Town credible and reliable evidence of the Developer’s Equity Contribution on or before the Closing.

  • In the event the cost of construction of the Hotel is less than the budgeted amount, then the Developer and the Owner shall share in any savings in the same proportion that the sum of Developer’s Equity and the 3rd Party Debt bears to the sum of the Subsidy and the NMTC Financing.

Related to Developer’s Equity

  • Shareholders’ Equity means, as of any date of determination, consolidated shareholders’ equity of the Borrower and its Subsidiaries as of that date determined in accordance with GAAP.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.

  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Consolidated Operating Income means, for any period, consolidated operating income of the Company and its consolidated Subsidiaries determined in accordance with GAAP.