Common use of Evidence of Financing Clause in Contracts

Evidence of Financing. Developer shall have provided written proof reasonably acceptable to Authority that Developer has obtained commitments for equity contributions, reservation of Tax Credits, and other approved affordable housing subsidies and/or loans, and the Primary Loan (including the construction and permanent financing) for Phase I, 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 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 I.

Evidence of Financing. Developer shall have provided written proof reasonably acceptable to obtained, and Authority that Developer has obtained commitments shall have approved, a commitment 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) financing commitment for Phase III in form and substance acceptable to Developer, 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 I 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 I.II.

Evidence of Financing. Developer shall have provided written proof reasonably acceptable to Authority that Developer has obtained commitments for equity contributions, reservation of Tax Credits, and other approved affordable housing subsidies and/or loans, and the Primary Loan (including the construction and permanent financing) for Phase III, 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 I 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 I.II.

Evidence of Financing. Developer shall have provided written proof reasonably acceptable to obtained, and Authority that Developer has obtained commitments shall have approved, a commitment 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) 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 commitments pursuant to Section 3.10. The Primary Loan construction financing for Phase 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 I.