Evidence of Financing. Agency shall have approved Developer’s Evidence of Financing pursuant to Section 408.1.
Evidence of Financing. 13.3.1. Within 10 days after mutual execution of this Agreement, Purchaser shall provide to Seller and Escrow Agent a copy of a loan commitment or an unconditional statement of availability of funds satisfactory to Seller, with respect to the purchase of the Unit (the “Evidence of Financing”).
Evidence of Financing. The sum of the Sources of Financing described in Section 2.1, above, shall be sufficient at all times to pay all Acquisition and Development Costs as set forth in the most recently approved Project Budget, and the sum of the permanent Sources of Financing described in Section 2.2, above, shall be at least equal at all times to the sum of the construction Sources of Financing plus all other Acquisition and Development Costs. Within the time provided therefor in the Schedule of Performance (Attachment No. 5 to the DDA), Developer shall submit, for approval by the Mayor, evidence of such financing, including all documents required by the Senior Lender relating to the Construction Loan and all documents evidencing the availability of permanent financing upon Completion. The Mayor shall not unreasonably withhold his or her approval. Developer shall provide written certification to the City that such financing documents are correct copies of the actual documents to be executed by Developer on or before the Closing Date. To the extent that the sum of the Sources of Financing described in Section 2.1 above, is insufficient to pay all Acquisition and Development Costs, Developer shall demonstrate the availability prior to the Closing of increased Developer's Equity at least equal to the shortfall.
Evidence of Financing. Developer shall have obtained approval of all financing described in this Method of Financing, and the Mayor shall have approved evidence relating to the Construction Loan, Developer Equity, Gap Financing Sources, and a commitment for the Permanent Loan(s), and all documents required to be executed in connection with such financing shall have been duly executed, acknowledged and delivered.
Evidence of Financing. Developer shall have provided written proof reasonably acceptable to Authority that Developer has obtained commitments for equity contributions, reservation of Tax Credits, AHP Loan, as applicable, and other approved affordable housing subsidies and/or loans, and the Primary Loan (including the construction and permanent financing) for the Project, all subject to customary conditions, and Authority shall have reasonably approved such financing commitments pursuant to Section 310. The Primary Loan construction financing for the Project shall have cl or be ready to close and fund osed and funded prior to concurrently with the Closing for the Authority Subordinate Loan for the Project.
Evidence of Financing. Developer shall submit to City for approval the Evidence of Financing for the Property required by Section 215 of the DDA. At least thirty (30) days prior to the Closing Date.
Evidence of Financing. Developer shall have provided written proof reasonably acceptable to Authority that Developer has obtained commitments for equity contributions, reservation of Tax Credits, and other approved affordable housing subsidies and/or loans, and the Primary Loan (including the construction and permanent financing) for Phase I, all subject to customary conditions, and Authority shall have reasonably approved such financing commitments pursuant to Section 3.10. The Primary Loan construction financing for Phase I shall have closed and funded prior to or be ready to close and fund concurrently with the Closing for the Authority Subordinate Loan for Phase I.
Evidence of Financing. Developer shall submit to City for approval the Evidence of Financing for the Property required by Section 215 of the DDA.
Evidence of Financing a. Not later than fifteen (15) days prior to the scheduled Closing Date and in no event later than the times provided in the Schedule of Performance (Attachment No. 5), Developer shall submit to the Agency evidence satisfactory to the Executive Director that Developer has demonstrated that it has obtained and/or or will provide the financing necessary for the acquisition and development of the Property in accordance with this Agreement. Such evidence of financing may include, but not be limited to, the following:
Evidence of Financing. Redeveloper shall provide the Authority for its approval Redeveloper’s evidence of financing capacity and commitments necessary to finance the costs of the Redevelopment, including without limitation, financing to acquire the Property, financing to construct and install the improvements to the Property, and evidence that the total development costs of the Redevelopment are no less than $1,650,000.00.
