Common use of DFA Satisfaction Amount Clause in Contracts

DFA Satisfaction Amount. 14.1.4.1 The DFA Satisfaction Amount shall become due to Developer on the date that: (a) the Substantial Completion Date has occurred; and (b) Developer has, pursuant to the terms of Exhibit 23 (Developer Financing Arrangements) extended the DFA Loan to the Authority in an amount equal to the DFA Satisfaction Amount.

Appears in 4 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!