Ability to Obtain Financing. As of the date hereof, none of GCI Parent, GCI and GCI Wireless have any reason to believe that the financing to fund the Purchase Price will not be available on commercially reasonable terms and conditions (or that GCI will not be able to satisfy any conditions to such financing) such that the condition set forth in Section 8.2(m) will be satisfied on the Target Closing Date or at such later time when the other conditions set forth in Section 8.2 have been satisfied or waived.
Ability to Obtain Financing. The Company is seeking to raise up to $400,000 of new equity capital through the sale and issuance of Series Seed-3 Preferred Stock to investors. The Company currently believes that amount will provide sufficient working capital for the Company to develop its Business in the manner envisioned by the Company's management. However, there is no assurance that (A) the targeted amount will be sufficient to develop the Business in the manner envisioned by the Company's management, or (B) the Company will be able to raise the full targeted amount. If either the targeted amount ends up being insufficient to develop the Business in the manner envisioned by the Company's management or the Company is unable to raise the full targeted amount, the quality, appeal, reach, and profitability of the Business may suffer, resulting in reduced returns to investors, or no returns to investors at all.
Ability to Obtain Financing. The net proceeds from the sale of the Units will not be sufficient to finance the Project. The construction and completion of the Project are contingent on the Manager being able to obtain financing for such construction and completion. Such financing is difficult to obtain and there can be no assurance that the Manager will be able to obtain such financing or that any available financing can be obtained on terms acceptable to the Manager. The failure to obtain such financing will likely result in diminished or no returns from an investment in the Fund. Debt Service. Projects that are financed through leverage will be profitable only if they generate enough revenues sufficient to cover debt service and expenses. Failure to make payments on the debt incurred could result in the loss of a portion or all of the Company’s real property and assets. No assurance can be provided that the Project will generate sufficient revenues to cover its existing or future debts and expenses. There also can be no assurance that the Project will be able to operate profitably or that the Company or the Fund will ultimately be able to dispose of the Project (or any component thereof) at a sales price adequate to repay the amount of the then existing debt. The financing for Project is and will be sensitive to adverse changes in the economy as a whole, including a rise in interest rates. Risks of Leverage. The parties providing financing to the Company have or are expected to have mortgages, deeds to secure debt and security interest in the real estate and other assets of the Project. If principal and interest payments are not made when due, the mortgages, deeds of to secure debt and security interest on the Project may be foreclosed upon. Such foreclosures could result in the loss by the Members of a portion or all of their respective investments and may have materially adverse tax consequences to them.
