Common use of Senior Financing Clause in Contracts

Senior Financing. Sunrise will endeavor to close permanent Senior Financing in an Islamically acceptable form on all the First Closing Facilities including those now subject to the ▇▇▇▇▇▇ Mae Loans. All such financing shall be at fixed interest rates with an amortization period of 300 months and a term acceptable to Investor. If and to the extent that Sunrise is unable to place acceptable Senior Financing prior to the First Closing Date, the terms of Sections 3.3 and 14.2 herein shall apply.