Alternate Financing definition
Examples of Alternate Financing in a sentence
The Owner shall not take any action purporting to bind the Developer or the Design Builder or encumber the Project with respect to the development of the Project or the construction of the Building Improvements or engage in any attempts to interfere with the Developer’s efforts to obtain and close the Development Loan, the Alternate Financing or any other financing for the Project.
In the event that the Developer shall be unable to secure the financing for the Project (whether the Development Loan or Alternate Financing, as applicable) or any other material impediment to the development of the Project beyond the control of either party to this Agreement occurs, then either the Owner or the Developer shall be entitled to terminate this agreement upon fifteen (15) calendar days written notice to the other party to this Agreement.