Developer Financing definition

Developer Financing means the financing to be obtained by the Developer in the amounts necessary to develop the Project in accordance with this Agreement taking into account all other sources, which Developer Financing shall be from a Lender and on commercially reasonable terms and otherwise acceptable to the CRA. Developer Financing shall mean and refer to the Construction Loan for the Project.
Developer Financing means the private financing obtained by the Developer to pay the Improvement Costs.
Developer Financing means third party, private financing obtained by the Developer to pay the Project Costs.

Examples of Developer Financing in a sentence

  • Developer has, pursuant to the terms of Exhibit 23 (Developer Financing Arrangements) extended the DFA Loan to the Authority in an amount equal to the DFA Satisfaction Amount.

  • Coverage will not be provided if you are ineligible under the policy or under any Federal statute or regulation.

  • By the end of 2009, a total of 1,578 rehabilitation institutions for hearing-impaired children had been established and had provided rehabilitation training in hearing and language for hearing-impaired children.

  • The obligation of Developer to advance the DFA Loan in accordance with Section 1.02 of this Exhibit 23 (Developer Financing Arrangements) shall be subject to the condition precedent that Developer has received the Certificate of Substantial Completion from the Authority, which condition may only be waived by both Developer and the Authority in writing.

  • All of the other RIF and park impact fees generated from the Wheeler Landing Allocation Area will be used to reimburse the Developer for the payment of the Improvement Costs until the Developer Financing has been paid in full.

  • The City will construct items (iv) and (v) of the Public Improvements, provided, however, upon completion of such items (iv) and (v), the Developer will reimburse the City for the actual cost of items (iv) and (v) above from the Developer Financing, but in no event will that reimbursement exceed $855,000.00.

  • The Authority hereby promises to pay to Developer, from the sources of payment specified in Section 1.07 of this Exhibit 23 (Developer Financing Arrangements), the principal of the DFA Loan in monthly installments payable on each Payment Date in the amounts set forth and otherwise in accordance with the Loan Amortization Schedule, subject to any set-off of DFA Offset Amounts permitted under Section 1.09.

  • This Agreement is contingent upon the Developer obtaining Developer Financing at terms and conditions deemed acceptable to the Developer and the City, such acceptance shall not be unreasonably withheld, delayed or conditioned.

  • Full Developer Financing for 100% of a project must be in place prior to award of proposals.

  • A transfer, if any, of the right to receive principal and interest required to be paid under this Exhibit 23 (Developer Financing Arrangements), may be effected only with the consent of the Authority and by recordation of such transfer on the records of the Authority, and the Authority shall thereafter maintain the records contemplated by the preceding sentence with respect to the transferee.


More Definitions of Developer Financing

Developer Financing means the financing to be obtained by the Developer pursuant to Section 7.2.
Developer Financing means a Construction Loan (i) from a reputable lender regularly engaged in commercial real estate lending, (ii) which contains such terms as are typical in Broward County for loans similar in size and purpose to the Construction Loan and(iii) which contains business terms such as interest rate, terms of repayment, loan to value, guaranty and collateral and equity requirements which are typical in State of Florida for loans similar in size and purpose to the Construction Loan and are otherwise reasonably acceptable to Developer.
Developer Financing means the financing described in Section 10.1 for construction of the Improvements. The Developer Financing must be approved in writing by the Authority as herein provided.