Project Loan. Developer shall close on the Project Loan contemporaneously with the Closing. Developer, Town, and the Developer’s lender shall have agreed on the form and substance of a multi-party agreement that: (i) reflects certain lender protections required by lender; and (ii) coordinates and prioritizes the rights and remedies of Town and the Project Loan lender (the “Multi-Party Agreement”).
Appears in 2 contracts
Sources: Economic Development Agreement, Economic Development Agreement