Common use of Non-MIF (Other) Project Funds Clause in Contracts

Non-MIF (Other) Project Funds. The Borrower has secured a commitment for the private financing necessary to complete the Project, in a form and under conditions satisfactory to the Bank, Borrower and Lender. (a) The Borrower shall commit not less than $6,789,500 of equity and not less than $6,789,500 of other private financing for the completion of the Project. (b) Other Project Funds described in the Grant Application must be used at the same amount, for the same purposes and under the same terms, rates and conditions as specified unless written consent is received from the State prior to expenditure.

Non-MIF (Other) Project Funds. The Borrower has secured a commitment for the private financing necessary to complete the Project, in a form and under conditions satisfactory to the Bank, Borrower and Lender. (a) The Borrower shall commit not less than $6,789,500 7,400,000 of equity and not less than $6,789,500 17,000,000 of other private financing for the completion of the Project. (b) Other Project Funds described in the Grant Application must be used at the same amount, for the same purposes and under the same terms, rates and conditions as specified unless written consent is received from the State prior to expenditure.

Non-MIF (Other) Project Funds. The Borrower has secured a commitment for the private financing necessary to complete the Project, in a form and under conditions satisfactory to the Bank, Borrower and Lender. (a) The Borrower shall commit not less than $6,789,500 of equity and not less than $6,789,500 6.789.500 of other private financing for the completion of the Project. (b) Other Project Funds described in the Grant Application must be used at the same amount, for the same purposes and under the same terms, rates and conditions as specified unless written consent is received from the State prior to expenditure.

Non-MIF (Other) Project Funds. The Borrower has secured a commitment for the private financing necessary to complete the Project, in a form and under conditions satisfactory to the Bank, Borrower and Lender. (a) The Borrower shall commit not less than $6,789,500 25,000,000 of equity and not less than $6,789,500 of other private financing for the completion of the Projectequity. (b) Other Project Funds funds described in the Grant Application must be used at the same amount, for the same purposes and under the same terms, rates and conditions as specified unless written consent is received from the State prior to expenditure.