Common use of Administrative Agent Advances Clause in Contracts

Administrative Agent Advances. (a) Administrative Agent is authorized, from time to time, in Administrative Agent’s sole discretion to make, authorize or determine Advances, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees and expenses as described in Section 6.10 herein, (ii) when the applicable conditions precedent set forth in Exhibit C and Exhibit F have been satisfied to the extent required by Administrative Agent, and (iii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral Pool or any portion thereof (including those with respect to property taxes, insurance premiums, operation, management, improvements, maintenance, repair, sale and disposition) (A) subject to Section 5.5, after the occurrence of a Default, and (B) subject to Section 5.10, after acquisition of all or a portion of the Collateral Pool by foreclosure or otherwise.

Administrative Agent Advances. (a) Administrative Agent is authorized, from time to time, in Administrative Agent’s sole discretion to make, authorize or determine Advancesadvances of the Loan, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees and expenses as described in Section 6.10 8.11 herein, (ii) when the applicable conditions precedent set forth in Exhibit C and Exhibit F have been satisfied to the extent required by Administrative Agent, and (iii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral Pool Loan collateral or any portion thereof (including those with respect to property taxes, insurance premiums, operationcompletion of construction, operation management, improvements, maintenance, repair, sale and disposition) (A) subject to Section 5.56.5, after the occurrence of a Default, and (B) subject to Section 5.106.10, after acquisition of all or a portion of the Collateral Pool Loan collateral by foreclosure or otherwise.

Administrative Agent Advances. (a) Administrative Agent is authorized, from time to time, in Administrative Agent’s sole discretion to make, authorize or determine AdvancesAdditional Advances and other advances, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees and expenses as described in Section 6.10 herein9.11, (ii) when the applicable conditions precedent set forth in Exhibit C and Exhibit F have been satisfied to the extent required by Administrative Agent, and (iii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral Pool or any portion thereof (including those with respect to property taxesReal Property Taxes, insurance premiumsInsurance Premiums, operation, management, improvements, maintenance, repair, sale and disposition) (A) subject to Section 5.58.5, after the occurrence of a Default, and (B) subject to Section 5.108.10, after acquisition of all or a portion of the Collateral Pool by foreclosure or otherwise.

Administrative Agent Advances. (ai) Administrative Agent is authorized, from time to time, in Administrative Agent’s sole discretion to make, authorize or determine Advancesadvances of the Loan, or otherwise expend funds, on behalf of Lenders (“Administrative Agent Advances”), (i) to pay any costs, fees and expenses as described in Section 6.10 9 herein, (ii) when the applicable conditions precedent set forth in Exhibit C Sections 4 and Exhibit F 5 have been satisfied to the extent required by Administrative Agent, and (iii) when Administrative Agent deems necessary or desirable to preserve or protect the Collateral Pool Loan collateral or any portion thereof (including those with respect to property taxes, insurance premiums, completion of construction, operation, management, improvements, maintenance, repair, sale and disposition) (A) subject to Section 5.5Exhibit “E-5”, after the occurrence of a Default, and (B) subject to Section 5.10Exhibit “E-10”, after acquisition of all or a portion of the Collateral Pool Loan collateral by foreclosure or otherwise.