Financial Assistance Program. Under the Community Benefits Agreement, Developer implemented (and is required thereunder to continue to implement or cause to be implemented) a Financial Assistance Program (as defined in the Community Benefits Agreement) to assist BVHP Area Contractors. At the request of Developer, Vertical Developer shall reasonably cooperate with Developer with respect to the Financial Assistance Program in relation to the Project, including by informing BVHP Area Contractors on the Project of the opportunities and assistance that may be available to them under the Financial Assistance Program. In addition, within sixty (60) days before the later of (i) the advertisement of the first contract for the Improvements or (ii) the Reference Date, Vertical Developer shall contact financial institutions with which it does business and other financial institutions that have a reputation for assisting with community development projects (“Financial Partners”) to introduce them to the Project, to explain the general financial needs of the BVHP Area Contractors, and to use good faith commercially reasonable efforts to encourage the Financial Partners to assist BVHP Area Contractors in accessing necessary financing such as lines of credit, loans, or other financial assistance based on conventional underwriting practices as follows:
Appears in 2 contracts
Sources: Vertical Disposition and Development Agreement, Vertical Disposition and Development Agreement