Common use of Construction Financing Clause in Contracts

Construction Financing. The City shall have approved, which approval shall not be unreasonably withheld, the Preliminary Evidence of Financing for the Residential Component. City shall also have approved the documents evidencing the Construction Financing for the Residential Component to confirm that the Construction Financing for the Residential Component contains substantially similar terms as the Preliminary Evidence of Financing. The Construction Financing for the Residential Component shall be on substantially similar terms as the approved Preliminary Evidence of Financing unless otherwise approved by City, which approval shall not be unreasonably withheld, and the debt portion of such Construction Financing shall be ready to record and fund concurrently with the First Closing.

Construction Financing. The City shall have approved, which approval shall not be unreasonably withheld, the Preliminary Evidence of Financing for the Residential ComponentImprovements. City shall also have approved the loan documents evidencing the Construction Financing for the Residential Component to confirm that the Construction Financing for the Residential Component contains shall contain substantially similar terms as the Preliminary Evidence of Financing. The Construction Financing for the Residential Component Improvements shall be on substantially similar terms as the approved Preliminary Evidence of Financing unless otherwise approved by City, which approval shall not be unreasonably withheld, and the debt portion of such Construction Financing shall be ready to record and fund concurrently with the First Closing.

Construction Financing. The City shall have approved, which approval shall not be unreasonably withheld, the Preliminary Evidence of Financing for the Residential Component. City shall also have approved the documents evidencing the Construction Financing for the Residential Component to confirm that the Construction Financing for the Residential Component contains substantially similar terms as the Preliminary Evidence of Financing. The Construction Financing for the Residential Component shall be on substantially similar terms as the approved Preliminary Evidence of Financing unless otherwise approved by City, which approval shall not be unreasonably withheld, and the debt portion of such Construction Financing shall be ready to record and fund concurrently with the First Closing.

Construction Financing. The City shall have approved, which approval shall not be unreasonably withheld, the Preliminary Evidence of Financing for the Residential ComponentRequired Improvements. City shall also have approved the documents evidencing the Construction Financing for the Residential Component to confirm that the Construction Financing for the Residential Component contains substantially similar terms as the Preliminary Evidence of Financing. The Construction Financing for the Residential Component Required Improvements shall be on substantially similar terms as the approved Preliminary Evidence of Financing unless otherwise approved by City, which approval shall not be unreasonably withheld, and the debt portion of such Construction Financing shall be ready to record and fund concurrently with the First Closing.