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Common use of Loan Proceeds Clause in Contracts

Loan Proceeds. Within thirty (30) days after the Closing Date, City Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Loan; and (ii) demonstrated that the Loan Proceeds shall be made available to Developer within as and when provided in this Agreement.

Appears in 7 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

Loan Proceeds. Within thirty (30) days after the Closing Date, City Bodies, using commercially reasonable efforts, shall have: (i) taken all action necessary and prudent to authorize the Loan; and (ii) demonstrated that the Loan Proceeds shall be made available to Developer within as and when provided in this Agreement.

Appears in 7 contracts

Samples: Project Agreement, Project Agreement, Project Agreement