Project Equity definition

Project Equity means the required $8,000,000 equity investment made or to be made in or to the Borrower to partially fund the cost of the Project.

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Project Equity means, in respect of a Project Company, the aggregate of all equity or subordinated (in ranking or payment) Financial Indebtedness or other subordinated (in ranking or payment) funding of such Project Company subscribed to or lent to such Project Company or contracted to be so subscribed or lent by or guaranteed or otherwise indemnified by one or more members of the Group.

Project Equity means for a Borrowing Base Property the amount of equity to be provided by Borrower and invested in the related Construction of Improvements equal to the Total Development Budget for such Borrowing Base Property (which Total Development Budget in any event shall not be greater than $50,000,000) less the Borrowing Base Value for such Borrowing Base Property. Such equity shall be from sources other than the applicable Borrowing Base Property Sub-Facility or any other Loan and shall be applied to the costs of Construction for the applicable Improvements prior to any disbursement under a Borrowing Base Property Sub-Facility.

Examples of Project Equity in a sentence

• 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.

• As of the Closing Date, the Sponsor has made Equity Contributions equal to $129,940,628, which shall reduce the Project Equity Commitment and the Remaining Equity Commitment.

• Each Advance following the Initial Advance shall be in an amount that is equal to the lesser of (a) the amount of the Commitment Amount not outstanding, or (b) the allowable Project Equity Advance for the applicable Project.

• The term "Subsidiary Available Cash" is hereby defined as all cash or cash equivalents held by or on behalf of the Borrower Subsidiary excluding Project Equity minus: (i) an operating reserve for obligations of the Borrower Subsidiary to be paid within a rolling three month period as provided in the Budget and (ii) any mandatory cash or cash equivalent reserves required under a Permitted Construction Loan, which is not available for the operating expenses of the Borrower Subsidiary.

• As to each Borrowing Base Property and the Construction of the related Improvements, the Borrower shall contribute the Project Equity for such Construction of the Improvements, and such Project Equity shall be from sources other than the applicable Borrowing Base Property Sub-Facility, or any other Loan and shall be applied to the costs of Construction for the applicable Improvements prior to any disbursement under a Borrowing Base Property Sub-Facility.

More Definitions of Project Equity

Project Equity means the difference in the total costs of a Project minus amounts to be funded from the construction loan for the Project and any Subordinated Debt attributable to such project approved by Agent.

Project Equity means the difference in the total costs of a Proposed Construction Project minus: (i) amounts funded and to be funded from the construction loan for the Proposed Construction Project; (ii) any Subordinated Indebtedness attributable to such project approved by Agent for inclusion in this calculation; (iii) the amount of any marketing costs with respect to such project which are included in the Budget; (iv) amounts of presale deposits available for use in the construction of improvements for the project under Applicable Law; and (v) the amount of any subordinate Purchase Money Mortgages which are allocated to the project and to no other projects or Collateral.

Project Equity means the equity investment of ACI in Buyer for the Project plus the retained earnings accumulated within the Buyer to the extent that any such undistributed retained earnings are used for capital expansion, additions and improvements, excluding Maintenance Capital Expenditures funded out of the Maintenance Capital Expenditures Reserve.

Project Equity means the rights and interests obtained by DBP pursuant to the Joint Venture Agreement by providing funding pursuant to the Funding Commitment, including without limitation, equity interests (e.g. share ownership, partnership interest, and the like) in Project Entities and any rights with respect to Projects which have not been transferred to Project Entities.

Project Equity means cash invested in the Project by Project Equity Investors on market terms such that the return of and return on such financing is paid from the Permanent Financing or from the operating revenues of the Project, as described in the Pro Forma for the Project.

Project Equity means, as applicable, (i) the aggregate amount of capital a Member is required to contribute to a Project Entity in connection with the acquisition of an Approved Project as set forth in the Approved Project Budget for such Approved Project, (ii) the aggregate amount of capital a Member is required to contribute to the Company in connection with the acquisition of one hundred percent (100%) of Inland's ownership interests in the Existing Portfolio SPEs in accordance with the Contribution Agreement, and (iii) any additional capital contributed by any such Member pursuant to this Agreement which is designated or deemed Project Equity.

Project Equity means, as applicable, (i) the aggregate amount of capital a Member is required to contribute to the Company pursuant to the terms hereof, and (ii) any additional capital contributed by any such Member pursuant to this Agreement.