Financing Failure. A “Financing Failure” shall be deemed to have occurred in the event that an Indebtedness shortfall and/or the desired reduction in the weighted average cost of the Indebtedness requires a CAW Loan greater than $17,500,000.00 and/or a CAW Credit Line greater than $8,000,000.00 and, within ninety (90) days of determining such requirement exists, the Parties have not agreed upon a means to fund such shortfall or obtain such reduction in the weighted average cost of the Indebtedness.
Appears in 4 contracts
Samples: Water Purchase Agreement, Water Purchase Agreement, Water Purchase Agreement
