Final Credit Confirmation to Financial Close. At the conclusion of the Final Submission Phase there will be a set of selected Lenders (which may include matching Core Lenders) which will have credit approval to proceed to Financial Close. The selected Lenders will be required to submit or update their credit approval based on the harmonized terms as provided at the conclusion of the 4th Phase (“final credit confirmation”). No new information will be presented, except for: • Updated Financial Model and sensitivities (using funding terms agreed at Final Submission Phase), in accordance with Section 14.2.1 of the Agreement; • Updated financial model audit report – any errors or omissions identified which increase the Maximum Availability Payments will be borne by Developer; and • Final Initial Financing Documents.
Appears in 5 contracts
Samples: Direct Agreement, Direct Agreement, Direct Agreement
