Evidence of Sufficiency of Funds. Evidence satisfactory to Lender that the proceeds of the Loan plus the Required Equity Funds will be sufficient to cover all Project-Related Costs reasonably anticipated to be incurred and to satisfy the Obligations of Borrower to Lender and under this Agreement and the other Loan Documents;
Evidence of Sufficiency of Funds. Evidence that the proceeds of the Construction Loan, together with the Required Equity Funds delivered to the Lender on the Closing Date, will be sufficient to cover all Project Costs reasonably anticipated to be incurred to complete the Improvements prior to the Completion Date, to carry the Project through the Maturity Date and to satisfy the obligations of the Borrower to the Lender under this Agreement.
Evidence of Sufficiency of Funds. With respect to each Project, evidence that the Loan Amount Project Allocation, together with Required Equity Funds and the Escrow Deposits under the Sales Contracts, will be sufficient to cover all Project Costs reasonably anticipated to be incurred to complete the Improvements prior to the applicable Completion Date, and to satisfy the obligations of Borrower to Agent and Lenders under this Agreement.
Evidence of Sufficiency of Funds. Evidence satisfactory to the Bank that the proceeds of the Bonds (but excluding the Contingency Reserve), will be sufficient to cover all Project Facility Costs reasonably anticipated to be incurred, and to satisfy the obligations of the Company under this Agreement and the Indenture.
Evidence of Sufficiency of Funds. Borrower shall have provided evidence satisfactory to Lender that the proceeds of the Loan plus the Building Loan Funds, Senior Loan Funds, and the First Mezzanine Loan funds will be sufficient to cover all Total Project-Related Costs reasonably anticipated to be incurred and to satisfy the Obligations of Borrower to Lender and under this Agreement.
Evidence of Sufficiency of Funds. Evidence reasonably satisfactory to the Agent that (A) the proceeds of the Loan Commitment Amount (together with the Required Equity and the Mezzanine Financing) will be sufficient to cover all Construction Costs reasonably anticipated to be incurred and (B) in the event that any line item of the Approved Construction Budget is deemed by the Agent to be insufficient to pay for the cost of completing such line item taking into account the Construction Contingency, such deficiency has been funded by the Borrower, to the Agent’s reasonable satisfaction, from other line item amounts reallocated pursuant to Sections 2.1.2, 2.1.3, 2.1.4 or 7.1.9 hereof or from funds other than the proceeds of the Loan.
Evidence of Sufficiency of Funds. Evidence that the proceeds of the Loan, together with Borrower's Required Equity delivered to the Lender or applied by Borrower to the costs of the Acquisition and Project Costs with the approval of Lender on or before the Closing Date, will be sufficient to cover costs of the Acquisition and all Project Costs reasonably anticipated to be incurred to complete the Renovation Project and to satisfy the obligations of the Borrower to the Lender under this Agreement.
Evidence of Sufficiency of Funds. Evidence satisfactory to Lender that the proceeds of the Loan, together with Required Equity Funds, will be sufficient to cover all Property Costs reasonably anticipated to be incurred, to satisfy the requirements of the Required Leases and Permanent Commitment and to satisfy the obligations of Borrower to Lender under this Agreement.
Evidence of Sufficiency of Funds. Evidence that Borrower’s Required Equity Funds shall have been applied to the Project and which has been verified by Agent and Agent’s Construction Inspector and evidence that the proceeds of the Loan, together with Borrower’s Required Equity Funds will be sufficient to cover all Project Costs reasonably anticipated to be incurred to complete the Improvements, to carry the Project through the Maturity Date, and to satisfy the obligations of Borrower to Lender under this Agreement.
Evidence of Sufficiency of Funds. Evidence reasonably satisfactory to Agent that the undisbursed proceeds of the Project Loan and the Supplemental Loan together with any Funds then being held by Agent in the Collateral Account will be sufficient to cover all Project Loan Costs and all Supplemental Loan Costs reasonably anticipated to be incurred, to satisfy the obligations of Borrower to Agent and under this Agreement.
