Common use of Advances After Completion Date Clause in Contracts

Advances After Completion Date. Notwithstanding the foregoing, after Exhaustion of the Required Completion Amount on deposit in the Bank Proceeds Account and the FF&E Proceeds Account, other amounts required to be obtained to pay Project Costs incurred to achieve Final Completion shall be satisfied as follows: (a) first, by borrowing funds under the Bank Revolving Facility until the aggregate amount borrowed thereunder (excluding any borrowings of the Bank Debt Service Commitment Portion) shall equal $718,490,525; (b) then, by withdrawing funds on deposit in the Completion Guaranty Deposit Account and transferring such funds to the Disbursement Account; and (c) then, by using other amounts available to the Company (other than funds available under the Bank Revolving Facility).

Advances After Completion Date. Notwithstanding the foregoing, after Exhaustion of the Required Completion Amount on deposit in the Bank Proceeds Account and the FF&E Proceeds Account, other amounts required to be obtained to pay Project Costs incurred to achieve Final Completion shall be satisfied as follows: (a) first, by borrowing funds under the Bank Revolving Facility until the aggregate amount borrowed thereunder (excluding any borrowings of the Bank Debt Service Commitment Portion) shall equal $718,490,525713,200,000; (b) then, by withdrawing funds on deposit in the Completion Guaranty Deposit Account and transferring such funds to the Collection Account and thereafter to the Disbursement Account; and (c) then, by using other amounts available to the Company (other than funds available under the Bank Revolving Facility).