Evidence of Financial Capability to Develop the Property Sample Clauses

Evidence of Financial Capability to Develop the Property. In accordance with the attached Schedule of Performance, AccessCal shall submit to ANAHEIM evidence that AccessCal has obtained sufficient equity capital and/or has obtained firm and binding commitments for construction financing which together are sufficient to pay for development of the Ground and construction of the Facilities in accordance with this Lease (AEvidence of Financing@). ANAHEIM shall approve or disapprove such Evidence of Financing within fifteen (15) days of receipt of a complete submission. Approval shall not be unreasonably withheld, delayed or conditioned. If ANAHEIM disapproves any such Evidence of Financing, ANAHEIM shall do so by notice to AccessCal stating the reasons for such disapproval and AccessCal may promptly obtain and submit to ANAHEIM new Evidence of Financing. ANAHEIM shall approve or disapprove such new Evidence of Financing in the same manner and within the same times established in this Section for the approval or disapproval of the Evidence of Financing as initially submitted to ANAHEIM.
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Evidence of Financial Capability to Develop the Property. AccessCal has submitted to ANAHEIM evidence that AccessCal has obtained sufficient equity capital and/or has obtained firm and binding commitments for construction of the Improvements to the Facilities. ) AcccessCal shall be responsible throughout the Term of this Lease for submitting to ANAHEIM any changes to such financing which may impact any of AccessCal’s responsibilities under the Lease.

Related to Evidence of Financial Capability to Develop the Property

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