Submission of Evidence of Financing. For each Project, prior to and as a Condition Precedent to the Closing, Developer shall submit to Authority, and Authority (and its financial consultant(s) and legal counsel(s)) shall review and approve evidence that Developer has obtained sufficient equity capital and firm and binding commitments for financing necessary to undertake the construction, completion and operation of the Projects in accordance with this Agreement.
Submission of Evidence of Financing. Owner shall prepare and submit to City for its approval, conditional approval or rejection the written commitment for the Hotel Construction Loan Within ninety (90) days following issuance of building permits but in no event later than May 26, 2013
Submission of Evidence of Financing. As a condition precedent to the Closing and within the time set forth therefore in the Schedule of Performance, Developer shall submit to Agency evidence satisfactory to the Executive Director that Xxxxxxxxx has obtained the financing necessary for the development of the Property in accordance with this Agreement. Such evidence of financing shall include the following:
Submission of Evidence of Financing. As a condition precedent to City’s obligation to convey each Phase or portion thereof to Developer, Developer shall submit to the City Manager evidence that Developer has obtained and committed, or will obtain and commit concurrent with the closing of the acquisition of that Phase or portion, sufficient cash equity and financing to finance the completion of the Improvements on that Phase or portion, such that the City Manager is reasonably satisfied that the Improvements can be constructed. Such evidence shall include a copy of the final construction loan documents and a complete project budget showing all costs (and the portion thereof to be paid with Developer equity as opposed to loan funds) and the actual closing of any necessary loan. Any such agreement shall provide for notice of default to City, and the right to cure required by Section 6.13.5. This Section 3.4 is in addition to, and not in lieu of, any other similar conditions described in this Agreement.
Submission of Evidence of Financing. Developer shall submit to Agency evidence of financing for the Project as set forth in Section 206 of the Agreement.
Submission of Evidence of Financing. Developer shall submit to City evidence of financing for the Project as set forth in Section 207, et seq. of the Agreement.
Submission of Evidence of Financing. Items to be Submitted. At or prior to the Construction Closing, within the respective times established in the Schedule of Performance, Owner shall submit to the Agency Executive Director for review and reasonable approval the following items:
Submission of Evidence of Financing. Items to be Submitted. At or prior to the Construction Closing, within the respective times established in the Schedule of Performance, Owner shall submit to the Mayor for review and reasonable approval the following items:
Submission of Evidence of Financing. Except as otherwise provided herein, the Borrower has submitted to County evidence that firm and binding commitments from all other funding sources have been obtained for financing necessary to undertake acquisition and rehabilitation in accordance with this Agreement.
