Common use of Sources of Capital Clause in Contracts

Sources of Capital. Borrower shall, at all times maintain or have committed, identifiable available sources of capital to fund the total cost to complete the development of the Project on a timely basis in amounts and pursuant to agreements reasonably acceptable to Lender. Amounts available to be disbursed for such purposes pursuant to this Agreement or the Mortgage Loan Documents may be considered as a source of capital for the purposes of this §8.8.

Appears in 7 contracts

Samples: Mezzanine Loan Agreement (Preferred Apartment Communities Inc), Mezzanine Loan Agreement (Preferred Apartment Communities Inc), Mezzanine Loan Agreement (Preferred Apartment Communities Inc)

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