Common use of Financial Ability Clause in Contracts

Financial Ability. As of the Closing Date, Developer shall have demonstrated to City, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, and/or cash on hand) to construct Phase 1 and Phase 2 of the Project

Financial Ability. As of the Closing Date, Developer shall have demonstrated to City, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.

Financial Ability. As of the Closing Date, Developer shall have demonstrated to City, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, Bond Proceeds and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.”

Financial Ability. As of the Closing Date, Developer shall have demonstrated to Citythe Town, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Bond Proceeds, Developer’s 's Equity Contribution, Loan Proceeds, and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.

Financial Ability. As of the Closing Date, Developer shall have demonstrated to CityTown, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.

Financial Ability. As of the Closing Date, Developer shall have demonstrated to City, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.

Financial Ability. As of the Closing Date, Developer shall have demonstrated to City, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, proceeds and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.

Financial Ability. As of the Closing Date, Developer shall have demonstrated to City, exercising commercially reasonable discretion, that Developer has and/or will have adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, and/or cash on hand) to construct Phase 1 and Phase 2 of the Project.