Loan Commitments - Equipment Loan Sample Clauses

Loan Commitments - Equipment Loan. (i) Promptly and with due diligence after NIGC Approval and transfer of the Gaming Site into trust, but in no event later than 90 days after the later of NIGC Approval or transfer of the Gaming Site into trust (unless otherwise agreed by the Band), Great Lakes shall (A) deliver to the Band a proposed commitment from a lender with regard to the Equipment Loan for the Initial Phase, the terms of which shall be consistent with this Agreement and otherwise reasonably acceptable to the Band, and (B) increase the amount of the Escrow Account to $46,000,000 (less amounts previously advanced under the Lakes Development Loan). (ii) After the Commencement Date and at such time as will permit completion of the Final Scope of Work in accordance with this Agreement, Great Lakes shall deliver to the Band a proposed commitment from an Equipment Lender with regard to the Equipment Loan for the expansion of the Facility to the Final Scope of Work, the terms of which shall be consistent with this Agreement and otherwise reasonably acceptable to the Band.