Financial Ability. As of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, and/or cash on hand) to construct the Project.
Appears in 4 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Financial Ability. As of the expiration of the Closing Date, Developer, exercising commercially reasonable at its sole and absolute discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, and/or cash on hand) to construct the Project.
Appears in 3 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Financial Ability. As of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, and/or cash on hand) to construct the Project.
Appears in 3 contracts
Samples: Project Agreement, Project Agreement, Project Agreement
Financial Ability. As of the expiration of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, and/or cash on hand) to construct the Project.
Appears in 2 contracts
Samples: Project Agreement, Project Agreement
Financial Ability. As of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Proceeds, proceeds and/or cash on hand) to construct the Project.
Appears in 1 contract
Samples: Project Agreement
Financial Ability. As of the expiration of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, and/or cash on hand) to construct the Project.
Appears in 1 contract
Samples: Project Agreement
Financial Ability. As of the expiration of the Closing Date, Developer, exercising commercially reasonable discretion, shall have approved the Loan Costs and determined that it has adequate funds (Project Loan proceeds, Developer’s Equity Contribution, Loan Bond Proceeds, Developer's Equity Contribution and/or cash on hand) to construct the Project.
Appears in 1 contract
Samples: Project Agreement
