Proof of Developer Equity; Funding Capacity Sample Clauses

Proof of Developer Equity; Funding Capacity. Notwithstanding anything herein to the contrary, within thirty (30) days of the Effective Date, Developer shall provide the CRA with evidence of the Developer Equity in a form and substance acceptable to the CRA in all respects including, but not limited to, proof of funds. If such evidence of Developer Equity is not acceptable to the CRA, in its sole and absolute discretion, the CRA shall have the right to terminate this Agreement by giving written notice to the Developer of such election to terminate. If the CRA so elects to terminate this Agreement pursuant to this Section 3.8, the Developer shall pay the Inspection Costs whereupon, except for those provisions of this Agreement which by their express terms survive the termination of this Agreement, no party hereto shall have any other or further rights or obligations under this Agreement.
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