Sources and Uses Statement definition

Sources and Uses Statement means a document illustrating the sources and uses of funding required for the Project, including those amounts which are expected by the Developer to be funded by the RDC and FDC.

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Sources and Uses Statement has the meaning given to it in clause 24.8 (Sources and Uses).

Sources and Uses Statement means that certain Sources and Uses Statement attached hereto as Exhibit C signed by Borrower and approved by Lender detailing the immediate and prospective sources of funds and uses of all proceeds of the Restructuring.

Examples of Sources and Uses Statement in a sentence

Within sixty (60) days of the Effective Date, the Developer shall submit its proposed Building Plan, Construction Schedule, Construction Budget, and Sources and Uses Statement (all of which constitute the “Plan Packet”) to the Review Panel for review and approval.
Without limiting the foregoing, Lender shall have received from Borrower a fully executed Sources and Uses Statement, and evidence reasonably satisfactory to Lender that all transactions described therein have been fully effected.
A Sources and Uses Statement which evidences that none of the proceeds of the Loan are used to pay acquisition fees, brokers’ commissions or related or similar expenses to any Loan Party, Property Owner or Affiliate of any of the foregoing.
The RA shall administer the Funds generally described in the Sources and Uses Statement attached to the Commitment Plan, in accordance with this RFA.
Upon expenditure of the Grant Funds wire transferred and before the Grantee makes the first draw down from the LOCCS-VRS, the Grantee shall provide a certification to the Grant Officer, GTR or GTM providing that the Grant Funds were expended in accordance with the Sources and Uses Statement.
Except for costs identified in the Project Sources and Uses Statement, make Capital Expenditures in fixed assets in an aggregate amount in excess of Two Million and No/100 Dollars ($2,000,000.00) during any fiscal year during the term of this Agreement.
Whenever a new asset becomes, or is to become, a Borrowing Base Asset, a new Forecast must first be prepared and provided to each Lender, in accordance with this clause 19 (Forecasts and Calculations), together with a Sources and Uses Statement, including that asset.
Whenever a new asset becomes, or is to become, a Borrowing Base Asset, a new Forecast must first be prepared and provided to each Lender for approval, in accordance with this clause 19 (Forecasts and Calculations), together with a Sources and Uses Statement, including that asset.
The Borrower shall have closed on all Subordinated Debt contemplated by the Project Sources and Uses Statement, and the proceeds of all Subordinated Debt shall have been disbursed by the holders of all Subordinated Debt pursuant to the provisions of the Disbursing Agreement.
The Sources and Uses Statement executed prior to the Loan Opening Date must be in substantial accordance with the Sources and Uses Statement attached to the Application/Commitment.

More Definitions of Sources and Uses Statement

Sources and Uses Statement means a complete description of Borrower’s sources and uses of the proceeds of the Loan, in form and substance satisfactory to Lender and expressly approved by Lender in writing, containing no line items or provisions for payment of any acquisition fees, financing fees, development fees, other fees of any type, brokers’ commissions or related or similar expenses to any Loan Party, Property Owner or any Affiliate of any of the foregoing and which is attached hereto as Exhibit I.

Sources and Uses Statement means the excel document illustrating the sources and uses of funding required for the Acquisition, delivered as a condition precedent under part 1A of schedule 2 (Conditions Precedent);

Sources and Uses Statement has the definition set forth in Section 5.1(G).

Sources and Uses Statement has the meaning specified in Section 3.1(a)(xiii) (Conditions Precedent to Initial Loans and Letters of Credit).