Owner Contribution definition

Owner Contribution means the contribution by the Owner (i) in the amount of $3,100,000, which shall be deposited in a segregated account with the State Treasurer of South Carolina, as bond trustee of the Bank and drawn down by the Bank as directed by written instrument submitted by the Bank to the State Treasurer from the Account for approved costs of the Parkway North Project, (ii) in an amount necessary to fully fund the Debt Service Reserve Fund as provided in Section 3.3(C) hereof, (iii) in the amount necessary to complete the Parkway North Project as described in the IGA to the extent those costs exceed the other sources of funding for the Parkway North Project as set forth in this Loan Agreement or the IGA,

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Owner Contribution means the cash deposited by the Developer with the City pursuant to the Deposit Agreement to finance the Enhancement Projects in whole or in part. The Owner Contribution shall not be considered to be Pledged Revenues or in any way part of the Trust Estate.

Owner Contribution means an equity contribution made by the Owner for the Parkway North Project in the amount of $3,100,000.00, which shall be deposited in a segregated account or subfund with the State Treasurer of South Carolina prior to the date of the first disbursement of SIB Grant proceeds.

Examples of Owner Contribution in a sentence

• The Owner has deposited the above referenced Owner Contribution (if applicable) and Maine State Housing Authority (“MaineHousing”) is depositing the above referenced Program Fund amount(s), together referenced as the Escrowed Funds, with the Escrow Agent for work described in Exhibit C to a Construction Contract of near or even date between the Owner and the Contractor as may be modified by change orders executed by the Owner, the Contractor, and the Escrow Agent (the “Work”).

• Amount Initial Owner Contribution Amount Supplemental Owner Contribution TBD Other (describe) Amount The GRP Grant.

• The Bank shall have and will maintain a first priority security interest in the Grant, the Local Government Match, the Owner Contribution and the Loan proceeds until such proceeds are expended on the Projects.

• The amount of any indemnification obligation by the ▇▇▇▇▇▇ Norcraft Owners to Norcraft and its Subsidiaries shall be reduced by the amount of any cash on hand in ▇▇▇▇▇▇ Norcraft as of the ▇▇▇▇▇▇ Norcraft Owner Contribution and any Tax prepayments or Tax refunds accrued by ▇▇▇▇▇▇ Norcraft (and which such refunds are subsequently actually realized as a result of the applicable determination date), in each case as of the date of this Agreement.

• The aggregate amount of any indemnification obligation by the ▇▇▇ ▇▇▇▇▇▇ Owner to Norcraft and its Subsidiaries shall be reduced by the amount of any cash on hand in ▇▇▇ ▇▇▇▇▇▇ as of the ▇▇▇ ▇▇▇▇▇▇ Owner Contribution and any Tax prepayments or Tax refunds accrued by ▇▇▇ ▇▇▇▇▇▇ (and which such refunds are subsequently actually realized as a result of the applicable determination date), in each case as of the date of this Agreement.

• Should the City exercise its rights under this paragraph, Land Owner shall have no obligations to pay to City the Owner Contribution or to execute any of the easements or deeds set forth herein or to otherwise comply with any other terms of this Land Owner Agreement.

• Payment for installation of Efficiency Measures covered by the MPower Grant shall be made by MPower after payment of the full Owner Contribution upon its approval and in accordance with MPower’s construction draw procedures, as determined in MPower’s sole discretion and requiring detailed invoices, proper lien releases and data reporting.

• Upon execution of this Land Owner Agreement, Land Owner shall execute and deliver to City a mortgage for the Property in an amount equal to the Owner Contribution, if Owner Contribution is not paid in full upon execution of this agreement, or shall provide other financial or other security satisfactory to Lender for collateralizing Land Owner’s obligations to pay the Owner Contribution.

• If the City determines that the total of the Initial Owner Expended Funds, the Assessment Revenues, including Assessment Revenues securing PID Bonds, and the Owner Contribution will be more than Project Costs, the Owner may submit a Closing Disbursement Request as described in Subsection (g) for the amount by which Project Costs will be exceeded by Assessment Revenues and the Owner Contribution.

• Upon the issuance of PID Bonds, the Deposited Cash shall become part of the trust estate created by the corresponding indenture of trust securing such PID Bonds (the Trust Indenture") in a separate account (the "Owner Contribution Account") in the project fund of the Trust Indenture.

More Definitions of Owner Contribution

Owner Contribution means the amount paid by each Owner, as a condition of eligibility to enroll into the Rental Association, and to become a Participating Owner. Owner Contributions are to be held on deposit with the Rental Manager until such time that the funds are drawn upon to pay Participating Owner expenses or returned to Participating Owner upon with withdrawal from, or desolution of, the Rental Association.

Owner Contribution. 10% of the Estimate.