Common use of DEVELOPMENT FINANCE Clause in Contracts

DEVELOPMENT FINANCE. 26.3.1. This Agreement is subject to the condition precedent in favour of the Seller in that the Seller must be able to secure and obtain development finance to enable the Seller to proceed with the execution of the Scheme. The terms and conditions of the development finance must be to the satisfaction of the Seller in its sole and absolute discretion.

DEVELOPMENT FINANCE. 26.3.1. 22.1.1 This Agreement is subject to the condition precedent in favour of the Seller in that the Seller must be able to secure and obtain development finance to enable the Seller to proceed with the execution of the SchemeDevelopment, which development finance must be approved by any financial institution, at the election of the Seller, on or before the 28th of February 2022 (the Due Date). The terms and conditions of the development finance must be to the satisfaction of the Seller in its sole and absolute discretion.

DEVELOPMENT FINANCE. 26.3.126.1.1. This Agreement is subject to the condition precedent in favour of the Seller in that the Seller must be able to secure and obtain development finance to enable the Seller to proceed with the execution of the SchemeDevelopment. The terms and conditions of the development finance must be to the satisfaction of the Seller in its sole and absolute discretiondiscretion and must be approved on or before the Commencement Date, as the case may be. It is recorded that this condition precedent is inserted solely for the benefit of the Seller. The Seller may waive the benefit of this condition.

DEVELOPMENT FINANCE. 26.3.126.2.1. This Agreement is subject to the condition precedent in favour of the Seller in that the Seller must be able to secure and obtain development finance to enable the Seller to proceed with the execution of the SchemeDevelopment. The terms and conditions of the development finance must be to the satisfaction of the Seller in its sole and absolute discretion.