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.

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.