Common use of The Redeveloper’s Financial Commitment Clause in Contracts

The Redeveloper’s Financial Commitment. The Redeveloper represents and warrants that, except as may be otherwise available from Funding Sources, it has obtained or will obtain and commit the requisite equity and debt financing in an amount necessary to implement and complete the Redevelopment Project. The Agency agrees that it will cooperate with the Redeveloper in connection with applications to secure funding from Funding Sources.

The Redeveloper’s Financial Commitment. The Redeveloper represents and warrants that, except as may be otherwise available from Funding Sources, that it has obtained or will obtain and the present capacity to commit the requisite equity and to obtain from commercially available lenders the debt financing in an amount necessary to implement and complete the Redevelopment Project. The Agency agrees that it will cooperate with the Redeveloper in connection with applications to secure funding from Funding Sources.