Common use of EVIDENCE OF REDEVELOPER’S ABILITY Clause in Contracts

EVIDENCE OF REDEVELOPER’S ABILITY. Redeveloper shall, within one hundred eighty (180) days following the Date of this Agreement, state the amount and source of equity and debt financing which has been obtained or irrevocably committed to Redeveloper for use in completing the Redeveloper Improvements. Redeveloper shall provide City proof that equity and debt financing is sufficient to fulfill Redeveloper obligation to deposit the first installment of funds for City Public Improvements described in Section 401 below. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan.

EVIDENCE OF REDEVELOPER’S ABILITY. A. Evidence of Redeveloper’s Financial Ability. Redeveloper shall, within one hundred eighty sixty (18060) days following the Date date of this Agreement, state the amount and source of equity liquid assets on hand and the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper for use in completing connection with acquisition of the Project Site, construction of the New Building, construction of the Redeveloper Public Improvements. Redeveloper shall provide City proof that equity and debt financing is sufficient to fulfill Redeveloper obligation to deposit , construction of the first installment of funds for City Public Improvements described in Section 401 belowImprovements, and construction of the Dry Utility Work. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. To the extent allowed by law, the City agrees to keep the information confidential.

EVIDENCE OF REDEVELOPER’S ABILITY. A. Evidence of Redeveloper’s Financial Ability. Redeveloper shall, within one hundred eighty twenty (180120) days following the Date date of this Agreement, state the amount and source of equity liquid assets on hand and the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper for use in completing connection with acquisition of the Project Site, construction of the Antelope Tower Building and Parking Lot, construction of the Redeveloper Public Improvements. Redeveloper shall provide City proof that equity , and debt financing is sufficient to fulfill Redeveloper obligation to deposit construction of the first installment of funds for City Public Improvements described in Section 401 belowDry Utility Work. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. To the extent allowed by law, the City agrees to keep the information confidential.

EVIDENCE OF REDEVELOPER’S ABILITY. A. Evidence of Redeveloper’s Financial Ability. Redeveloper shall, within one hundred eighty twenty (180120) days following the Date date of this Agreement, state the amount and source of equity liquid assets on hand and the amount and source of debt financing which has been obtained or irrevocably committed to Redeveloper for use in completing connection with acquisition of the Project Site, construction of the New Building, construction of the Redeveloper Public Improvements. Redeveloper shall provide City proof that equity and debt financing is sufficient to fulfill Redeveloper obligation to deposit , construction of the first installment of funds for City Public Improvements described in Section 401 belowImprovements, and construction of the Dry Utility Work. Such information shall be provided in a form satisfactory to the Finance Director of the City. Evidence of loan commitments shall include all the documents evidencing the loan commitment, and acceptance by the borrower, the purposes of the loan, the authorized use of loan funds, and all other terms and conditions of the loan commitment, the acceptance, and the loan. To the extent allowed by law, the City agrees to keep the information confidential.