Equity Deposit definition

Equity Deposit means any amount required from time to time after the date hereof to be deposited in cash with Lender to pay the costs of the Project which are (i) not paid out of the proceeds of the Loan, (ii) necessary to pay for Change Orders, (iii) [intentionally omitted] or (iv) any equity payments required to be made by Borrower under Section 3.11 in order to prevent the Loan from being Out of Balance.
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Equity Deposit shall have the meaning provided in Section 2.2(d).
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Equity Deposit has the meaning ascribed to such term in the Master Loan Agreement.
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Examples of Equity Deposit in a sentence

  • 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 Initial Equity Deposit shall be held by Lender in an interest bearing account and shall be used to fund the construction disbursements described herein prior to Lender disbursing any Loan proceeds set forth herein.

  • Within sixty (60) business days following the issuance of the Certificate of Occupancy by the City, described in Section 3.1.2.3, Borrower shall deliver to Lender the difference between the (i) Total Project Equity (defined below) and (ii) the Initial Equity Deposit.

  • The aggregate credit balances on the Equity Deposit Accounts shall at no time be less than the difference between (i) the aggregate of unpaid instalments under the Shipbuilding Contracts and (ii) the aggregate of the undrawn Commitments and the Borrowers may on each Drawdown Date apply sums from the Equity Deposit Accounts equally in payment of the balance (after taking into account the relevant Advance) of the instalment then payable to the Builder.

  • To the extent an Equity Deposit has been made by Borrower into the Loan Reserve, Disbursements to Borrower shall be made first from such Equity Deposits.

  • Such Supplemental Equity Deposit shall be disbursed to the Borrower as construction progresses in accordance with this Agreement before proceeds of any Loans are disbursed with respect to that particular Borrowing Base Property.

  • 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 Fiscal Agent and directed by Borrower or Loan Servicer to be deposited therein (excluding any proceeds of the Loans), as provided in Section 2.11(c) hereof.

  • 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 Notes), as provided in Section 2.11(c) hereof.

  • No credit enhancement items (i.e. letters of credit, certificates of deposit, depository accounts, prospective rent, or other items of liquid collateral) securing any of the Obligations of the Borrower shall be the source of such Supplemental Equity Deposit.

  • The Fiscal Agent shall deposit $0.00 of 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 Notes), as provided in Section 2.12(c) hereof.


More Definitions of Equity Deposit

Equity Deposit means a pledge agreement in form and substance reasonably satisfactory to the Owner Participant of U.S. Government Obligations, which provide for payments in amounts equal to the Equity Portion of Basic Rent and, in the event the Purchase Option is exercised, the installments of Purchase Option Price (with such payments being payable on or prior to the applicable due dates therefore under the Lease).
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Equity Deposit means the deposit in the amount of RMB167,000,000 paid by the Purchasers into the Equity Escrow Account pursuant to the EFA;
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Equity Deposit shall have the meaning assigned and ascribed to such term as set forth in Section 6.4(i) of this Agreement. Voya Loan No.: 30340 “Equity Reserve” shall have the meaning assigned and ascribed to such term as set forth in Section 6.4(i) of this Agreement.
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