Evidence of Financing. Agency shall have approved Developer’s Evidence of Financing pursuant to Section 408.1.
Evidence of Financing. 13.3.1. Within 10 days after mutual execution of this Agreement, Purchaser shall provide to Seller and Escrow Agent a copy of a loan commitment or an unconditional statement of availability of funds satisfactory to Seller, with respect to the purchase of the Unit (the “Evidence of Financing”).
13.3.2. If Purchaser does not provide satisfactory Evidence of Financing to Seller and Escrow Agent within the 10-day period, Seller shall have the right, in its sole discretion, to terminate this Agreement by notice to Purchaser, in which event all funds deposited by Purchaser with Escrow Agent (plus any interest earned on such funds) shall be paid to Seller and neither party shall have further obligation to the other.
Evidence of Financing. The sum of the Sources of Financing described in Section 2.1, above, shall be sufficient at all times to pay all Acquisition and Development Costs as set forth in the most recently approved Project Budget, and the sum of the permanent Sources of Financing described in Section 2.2, above, shall be at least equal at all times to the sum of the construction Sources of Financing plus all other Acquisition and Development Costs. Within the time provided therefor in the Schedule of Performance (Attachment No. 5 to the DDA), Developer shall submit, for approval by the Mayor, evidence of such financing, including all documents required by the Senior Lender relating to the Construction Loan and all documents evidencing the availability of permanent financing upon Completion. The Mayor shall not unreasonably withhold his or her approval. Developer shall provide written certification to the City that such financing documents are correct copies of the actual documents to be executed by Developer on or before the Closing Date. To the extent that the sum of the Sources of Financing described in Section 2.1 above, is insufficient to pay all Acquisition and Development Costs, Developer shall demonstrate the availability prior to the Closing of increased Developer's Equity at least equal to the shortfall.
Evidence of Financing. Developer shall have obtained approval of all financing described in this Method of Financing, and the Mayor shall have approved evidence relating to the Construction Loan, Developer Equity, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.
Evidence of Financing. Developer shall have obtained, and Authority shall have approved, a commitment for equity contributions, a reservation of Tax Credits, and other affordable housing subsidies and/or loans, and the Primary Loan, including the construction financing and permanent financing commitment for Phase II in form and substance acceptable to Developer, all subject to customary conditions, and Authority shall have reasonably approved such financing pursuant to Section 3.10. The Primary Loan construction financing for Phase II shall have closed prior to or be ready to close concurrently with the Closing for Phase II.
Evidence of Financing. Developer shall submit to Agency for approval the Evidence of Financing for the Property required by Section 215 of the DDA. At least fifteen (15) days prior to the Closing.
Evidence of Financing. Developer shall have obtained, and Authority shall have approved, a commitment for equity contributions, a reservation of Tax Credits, and other affordable housing subsidies and/or loans, and the Primary Loan, including the construction financing and permanent financing commitment for the applicable Project in form and substance acceptable to Developer, all subject to customary conditions, and Authority shall have reasonably approved such financing pursuant to Section 310. The Primary Loan construction financing for the applicable Project shall have closed prior to or be ready to close concurrently with the Closing for such Project.
Evidence of Financing. Redeveloper shall provide the Authority for its approval Redeveloper’s evidence of financing capacity and commitments necessary to finance the costs of the Redevelopment, including without limitation, financing to acquire the Property, financing to construct and install the improvements to the Property, and evidence that the total development costs of the Redevelopment are no less than $1,650,000.00.
Evidence of Financing. The Parent shall have provided evidence reasonably satisfactory to the Seller and the Company that the Parent has funds or financing available to consummate the transactions contemplated by this agreement.
Evidence of Financing. Not later than fifteen (15) days prior to the scheduled Closing Date, and in no event later than as provided in the Schedule of Performance, Developer shall submit to the County evidence satisfactory to the County that Developer has obtained the financing necessary for the acquisition of the Property and development of a Project in accordance with this Agreement. Such evidence of financing shall include the following: Substantially final drafts of all loan documents relating to the Construction Loan, including a final Project Budget approved by the Construction Lender (except that the final Project Budget may be provided any time prior to Closing if it is not yet available fifteen days prior to the schedule Closing Date), certified by Developer to be a true and correct copy or copies; A copy of loan commitments evidencing that Permanent Loan(s) will be available at Project completion, certified by Developer to be a true and correct copy or copies; Documentation of the tax exempt bond allocation for any 4% Low Income Housing Tax Credit component of the Project, and a substantially final draft of the limited partnership agreement or other documentation acceptable to County demonstrating the commitment of the Tax Credit Equity Investor(s) to provide the Investor Limited Partner Capital Contribution(s), to demonstrate that Developer has adequate equity funds committed to provide the amount of Developer equity necessary to finance the Project; A copy of all other financing commitments evidencing that Developer has obtained the financing necessary for the acquisition and development of the Property in accordance with this Agreement, including without limitation copies of all commitments from all Sources of Financing; and A copy of the contract between Developer and the general contractor for the construction of the Improvements, certified by Developer to be a true and correct copy.
