Common use of Financing Information Clause in Contracts

Financing Information. The parties agree that the City’s Finance Officer may seek relevant information from Developer’s financial institution about the loan terms and conditions and may contact and/or meet with the Developer’s financing institution as the Finance Officer deem necessary. The Developer will provide to the City Finance Officer a Tax Increment Financing proposal from a prospective lender of its choosing which addresses these loan terms and conditions: 3.2.1 Fixed or variable interest rate; if variable state frequency of pricing adjustments 3.2.2 Interest rate index; 3.2.3 Interest rate spread over/under index, if any; 3.2.4 Loan term;