Other Borrower Moneys means monies of Borrower other than Borrower Loan Proceeds and includes, but is not limited to, the Subordinate Debt, Net Operating Income, the Borrower’s Equity Contributions and any other funds contributed by or loaned to the Borrower for application to the Costs of the Improvements or other costs associated with the Project.
Other Borrower Moneys means monies of Borrower other than Loan Proceeds and includes, but is not limited to, the Subordinate Debt, Borrower’s Equity Contributions and any other equity contributed by Borrower to the Project.
Examples of Other Borrower Moneys in a sentence
If the proceeds of the Borrower Loan, together with the Other Borrower Moneys, available to be disbursed to the Borrower are not sufficient to pay the costs of such construction or rehabilitation, as appropriate, and equipping, the Borrower shall pay such additional costs from its own funds.