Development Cash Flow definition
Development Cash Flow means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially financed with a Multifamily Mortgage Revenue Bond (MMRB) Loan (as defined in rule Chapter 67-21, F.A.C.), cash transactions of the Development as calculated in the statement of cash flows prepared in accordance with generally accepted accounting principles (“GAAP”), as adjusted for any cash transactions that are subordinate to the SAIL loan interest payment including any distribution or payment to the Applicant or Developer, Principal(s) of the Applicant or Developer or any Affiliate of the Principal(s) of the Applicant or Developer, or to the Developer or any Affiliate of the Developer, whether paid directly or indirectly, which was not expressly disclosed in determining the annual debt service coverage in the Board approved final credit underwriting report.
Development Cash Flow means, with respect to SAIL Developments, cash flow of a SAIL Development as calculated in the statement of cash flows prepared in accordance with generally accepted accounting principles (“GAAP”) and as adjusted for items including any distribution or payment to the Principal(s) or any Affiliate of the Principal(s) or to the Developer or any Affiliate of the Developer, whether paid directly or indirectly, which was not expressly disclosed in determining debt service coverage in the Board approved final credit underwriting report.
Development Cash Flow means, with respect to SAIL Developments, actual cash flow of a SAIL Development as calculated in the statement of cash flows prepared in accordance with generally accepted accounting principles and as adjusted for items including but not limited to extraordinary fees and expenses, payments on debt subordinate to the SAIL loan and capital expenditures.
Examples of Development Cash Flow in a sentence
MLPC shall have the right to audit the Managing Members determination of MLPC Residential Development Cash Flow available for payment of the MLPC Preferred Return or [*] Minimum Return (as applicable).
Rule 67-48.010(15) F.A.C. states that the “Board shall approve requests for mortgage loan refinancing only if Development Cash Flow is improved, the Development’s economic viability is maintained, the security interest of the Corporation is not adversely affected, and the Credit Underwriter provides a positive recommendation.” First Housing reviewed a term sheet from USAmeriBank for acquisition financing in an amount up to $10,000,000, dated February 7, 2017.
More Definitions of Development Cash Flow
Development Cash Flow means, with respect to SAIL Developments as well as HOME
Development Cash Flow means, with respect to SAIL Developments as well as HOME Developments when the HOME Development is also at least partially
Development Cash Flow means, with respect to SAIL Developments, cash flow of a SAIL Development as calculated in the statement of cash flows prepared in accordance with generally accepted accounting principles (“GAAP”) and as adjusted for items including any distribution or payment to the Applicant or Developer, Principal(s) of the Applicant or Developer or any Affiliate of the Principal(s) of the
Development Cash Flow shall have the meaning attributed thereto in Florida Housing’s Request for Proposal 2009-04 or Request for Proposal 2009-03.
Development Cash Flow means cash flow as calculated in the statement of
Development Cash Flow means, with respect to SAIL Developments, cash flow of a SAIL Development as calculated
Development Cash Flow means, with respect to SAIL Developments, cash flow of a SAIL Development as calculated in the statement of cash flows prepared in