Aggregate Limits on Funded Amounts. The aggregate amount that the Funding Parties shall be committed to provide, or cause to be provided, as Funded Amounts under this Master Agreement and the Loan Agreement shall not exceed (x) with respect to each Leased Property, the costs of purchase (or ground lease, as the case may be) of such Leased Property and the related Construction Costs (provided that this clause (x) shall not limit the right of the related Lessee to request Fundings with respect to the Approved Alterations to the extent permitted pursuant to clause (y)), (y) with respect to the Approved Alterations, the lesser of (A) $5,500,000 in the aggregate and (B) cost of such Alterations or (z) $48,000,000 in the aggregate for all Leased Properties and the Approved Alterations. The aggregate amount that any Funding Party shall be committed to fund, or cause to be funded, under this Master Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
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Samples: Master Agreement (Choicepoint Inc)
Aggregate Limits on Funded Amounts. The aggregate amount that the Funding Parties shall be committed to provide, or cause to be provided, provide as Funded Amounts under this Master Agreement and the Loan Agreement shall not exceed (x) with respect to each Leased Property, Property the costs of purchase (or ground lease, as the case may be) and construction of such Leased Property and the related Construction Costs (provided that this clause (x) shall not limit the right of the related Lessee to request Fundings with respect to the Approved Alterations to the extent permitted pursuant to clause (y))closing and financing costs, or (y) with respect to the Approved Alterations, the lesser of (A) $5,500,000 in the aggregate and (B) cost of such Alterations or (z) $48,000,000 45,000,000 in the aggregate for all Leased Properties and Properties; provided, however, that in the Approved Alterationsevent that the Lessee exercises a Partial Purchase Option, the amount set forth in this clause (y) shall be reinstated to the extent of the Funded Amounts paid by the Lessee in connection with such Partial Purchase Option. The aggregate amount that any Funding Party shall be committed to fund, or cause to be funded, fund under this Master Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
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Samples: Master Agreement (Ruby Tuesday Inc)
Aggregate Limits on Funded Amounts. The aggregate amount that the Funding Parties shall be committed to provide, or cause to be provided, provide as Funded Amounts under this Master Agreement and the Loan Agreement shall not exceed (x) with respect to each Leased Property, Property the costs of purchase (or ground lease, as the case may be) and construction of such Leased Property and the related Construction Costs (provided that this clause (x) shall not limit the right of the related Lessee to request Fundings with respect to the Approved Alterations to the extent permitted pursuant to clause (y))closing and financing costs, or (y) with respect to the Approved Alterations, the lesser of (A) $5,500,000 in the aggregate and (B) cost of such Alterations or (z) $48,000,000 200,000,000 in the aggregate for all Leased Properties and minus the Approved AlterationsReduction Amount for each non-renewing Liquidity Bank; provided, however, that in the event that any Lessee exercises a Partial Purchase Option, the amount set forth in this clause (y) shall be reinstated to the extent of the Funded Amounts paid by such Lessee in connection with such Partial Purchase Option. The aggregate amount that any Funding Party shall be committed to fund, or cause to be funded, fund under this Master Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
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Aggregate Limits on Funded Amounts. The aggregate amount that the Funding Parties shall be committed to provide, or cause to be provided, provide as Funded Amounts under this Master Agreement and the Loan Agreement shall not exceed (x) with respect to each Leased Property, Property the costs of purchase (or ground lease, as the case may be) and construction of such Leased Property and the related Construction Costs (provided that this clause (x) shall not limit the right of the related Lessee to request Fundings with respect to the Approved Alterations to the extent permitted pursuant to clause (y))closing and financing costs, or (y) with respect to the Approved Alterations, the lesser of (A) $5,500,000 in the aggregate and (B) cost of such Alterations or (z) $48,000,000 100,000,000 in the aggregate for all Leased Properties and Properties; provided, however, that in the Approved Alterationsevent that any Lessee exercises a Partial Purchase Option, the amount set forth in this clause (y) shall be reinstated to the extent of the Funded Amounts paid by such Lessee in connection with such Partial Purchase Option. The aggregate amount that any Funding Party shall be committed to fund, or cause to be funded, fund under this Master Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
Appears in 1 contract
Aggregate Limits on Funded Amounts. The aggregate amount that the Funding Parties shall be committed to provide, or cause to be provided, provide as Funded Amounts under this Master Agreement and the Loan Agreement shall not exceed (x) with respect to each Leased Property, Property the costs of purchase (or ground lease, as the case may be) and construction of such Leased Property and the related Construction Costs (provided that this clause (x) shall not limit the right of the related Lessee to request Fundings with respect to the Approved Alterations to the extent permitted pursuant to clause (y))closing and financing costs, or (y) with respect to the Approved Alterations, the lesser of (A) $5,500,000 in the aggregate and (B) cost of such Alterations or (z) $48,000,000 40,000,000 in the aggregate for all Leased Properties and Properties; provided, however, that in the Approved Alterationsevent that the Lessee exercises a Partial Purchase Option, the amount set forth in this clause (y) shall be reinstated to the extent of the Funded Amounts paid by the Lessee in connection with such Partial Purchase Option. The aggregate amount that any Funding Party shall be committed to fund, or cause to be funded, fund under this Master Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
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Samples: Master Agreement (Ruby Tuesday Inc)
Aggregate Limits on Funded Amounts. The aggregate amount that the Funding Parties shall be committed to provide, or cause to be provided, provide as Funded Amounts under this Master Agreement and the Loan Agreement shall not exceed (x) with respect to each Leased Property, Property the costs of purchase (or ground lease, as the case may be) and construction of such Leased Property and the related Construction Costs (provided that this clause (x) shall not limit the right of the related Lessee to request Fundings with respect to the Approved Alterations to the extent permitted pursuant to clause (y))closing and financing costs, or (y) with respect to the Approved Alterations, the lesser of (A) $5,500,000 in the aggregate and (B) cost of such Alterations or (z) $48,000,000 50,000,000 in the aggregate for all Leased Properties and Properties; provided, however, that in the Approved Alterationsevent that the Lessee exercises a Partial Purchase Option, the amount set forth in this clause (y) shall be reinstated to the extent of the Funded Amounts paid by the Lessee in connection with such Partial Purchase Option. The aggregate amount that any Funding Party shall be committed to fund, or cause to be funded, fund under this Master Agreement and the Loan Agreement shall not exceed the lesser of (i) such Funding Party's Commitment and (ii) such Funding Party's Commitment Percentage of the aggregate Fundings requested under this Master Agreement.
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Samples: Master Agreement (Ruby Tuesday Inc)