Common use of Bond Proceeds Clause in Contracts

Bond Proceeds. As of the Closing Date, City Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 days after Closing and the proceeds available to Developer within seven (7) days of the Bonds being issued; and, as of the Closing Date, Developer, exercising commercially reasonable discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for Developer for the purposes set forth in this Agreement.

Bond Proceeds. As of the Closing Date, City Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 thirty (30) days after Closing and the proceeds Bond Proceeds shall be made available to Developer within seven (7) days of the Bonds being issued; and, as of the Closing Date, Developer, exercising commercially reasonable at its sole and absolute discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for to Developer for the purposes set forth in this Agreement.

Bond Proceeds. As of the Closing Date, City Town Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 thirty (30) days after Closing and the proceeds available to Developer within seven (7) days of the Bonds being issuedClosing; and, as of the Closing Date, Developer, exercising commercially reasonable reasonably discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for to Developer for the purposes set forth in this Agreementherein.

Bond Proceeds. As of the Closing Date, City Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 days after Closing and the proceeds available to Developer within seven (7) days of the Bonds being issuedClosing Date; and, as of the Closing Date, Developer, exercising commercially reasonable discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for Developer for the purposes set forth in this Agreement.

Bond Proceeds. As of the Closing Date, City Town Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 thirty (30) days after Closing and the proceeds available to Developer within seven (7) days of the Bonds being issuedClosing; and, as of the Closing Date, Developer, exercising commercially reasonable reasonably discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for to Developer for construction of the purposes set forth in this AgreementProject.

Bond Proceeds. As of the Closing Date, City Town Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 thirty (30) days after Closing and the proceeds available to Developer within seven (7) days of the Bonds being issuedClosing; and, as of the Closing Date, Developer, exercising commercially reasonable reasonably discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for to Developer for the purposes set forth in this Agreement.

Bond Proceeds. As of the Closing Date, City Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Bonds; and (ii) demonstrated that such Bonds shall be issued within 30 thirty (30) days after Closing and the proceeds Bond Proceeds shall be made available to Developer within seven (7) days of the Bonds being issuedClosing Date; and, as of the Closing Date, Developer, exercising commercially reasonable reasonably discretion, shall have determined that the proceeds of the Bonds shall be no less than the Bond Proceeds and available for to Developer for the purposes set forth in this Agreement.