Common use of Evidence of Financing Clause in Contracts

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 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 I 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 I shall have closed prior to or be ready to close concurrently with the Closing for Phase II.I.

Evidence of Financing. Developer shall have obtained, and provided written proof reasonably acceptable to Authority shall have approved, a commitment that Developer has obtained commitments for equity contributions, a reservation of Tax Credits, and other approved affordable housing subsidies and/or loans, and the Primary Loan, Loan (including the construction financing and permanent financing commitment financing) for Phase II in form and substance acceptable to DeveloperII, all subject to customary conditions, and Authority shall have reasonably approved such financing commitments pursuant to Section 3.10. The Primary Loan construction financing for Phase II shall have closed and funded prior to or be ready to close and fund concurrently with the Closing for the Authority Subordinate Loan for Phase II.

Evidence of Financing. Developer shall have obtained, and provided written proof reasonably acceptable to Authority shall have approved, a commitment that Developer has obtained commitments for equity contributions, a reservation of Tax Credits, and other approved affordable housing subsidies and/or loans, and the Primary Loan, Loan (including the construction financing and permanent financing commitment financing) for Phase II in form and substance acceptable to DeveloperI, all subject to customary conditions, and Authority shall have reasonably approved such financing commitments pursuant to Section 3.10. The Primary Loan construction financing for Phase II I shall have closed and funded prior to or be ready to close and fund concurrently with the Closing for the Authority Subordinate Loan for Phase II.I.