Examples of Financing Period in a sentence
Upon (A) written notice to the Foundation and (B) depositing $25,000.00 as an additional Deposit (the “First Extension Deposit”) directly to the Foundation or with the Title Company, in either case, on or before the date which is five business days prior to the expiration of the initial Project Financing Period, Developer shall have the right to extend the Project Financing Period for a period of up to an additional 180 days (the “First Extension”).
On or before the expiration of the Project Financing Period, Developer shall have (i) delivered the Project Funding Certificate to the Foundation and (ii) obtained the Financing Commitments upon terms and conditions acceptable to Developer, subject, however, to the Foundation’s approval rights, as set forth herein.
If Developer has exercised the First Extension, then upon (A) written notice to the Foundation and (B) depositing $25,000.00 as an additional Deposit (the “Second Extension Deposit”) directly to the Foundation or with the Title Company, in either case, on or before the date which is five business days prior to the expiration of the First Extension, Developer shall have the right to further extend the Project Financing Period for an additional period of up to an additional 90 days (the “Second Extension”).
On or before the expiration of the Project Financing Period, the Foundation and Developer shall agree, in writing, to the final form of Ground Lease, which Ground Lease shall contain the key terms and conditions set forth in Exhibit D.
On or before the expiration of the Project Financing Period, Developer shall have entered into a management agreement for the Project (the “Management Agreement”) with Ecumen or an affiliate of Ecumen and upon terms and conditions consistent with the Financing Proposal and otherwise approved by the Foundation, which approval shall not be unreasonably denied, conditioned or delayed.