Capitalization of Certain Amounts During Construction Period Sample Clauses

Capitalization of Certain Amounts During Construction Period. (i) On each date during the Construction Period that any amount is payable by the Lessee under the Operative Documents on account of (A) Basic Rent (to the extent provided in Section 3.9(e)), (B) fees pursuant to Section 4 or (c) Supplemental Rent consisting of amounts payable by the Lessor as rent or otherwise under the Ground Lease, such amounts shall be capitalized by automatically treating such amount as an Advance and related Loans and Certificate Purchaser Amounts made on such date.
Sample 1
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Capitalization of Certain Amounts During Construction Period. During the Construction Period, on each date which is three (3) Business Days prior to any Payment Date, Lessee shall be deemed to have requested in Advance in an amount equal to the applicable Construction Period Interest, Construction Period Yield, Construction Period Fees and Construction Period Indemnity and Supplemental Rent Amounts which have accrued or are due, as the case may be. The Funding Date with respect to each such Advance for such Construction Period Interest, Construction Period Yield, Construction Period Fees and Construction Period Indemnity and Supplemental Rent Amounts shall be the relevant Payment Date (subject to the terms and conditions for an Advance set forth in this Participation Agreement) and the proceeds of such Advance shall be applied to pay such amounts (and will be deemed to satisfy any Participation Agreement corresponding Rent payment obligation). On each such Funding Date as to which such an Advance is being made, the Construction Costs shall be increased by an amount equal to the Construction Period Interest, the Construction Period Yield, the Construction Period Fees and Construction Period Indemnity and Supplemental Rent Amounts so funded; provided, however, that if any such Advance hereunder would exceed the Available Commitment of a Participant, such Participant shall not have any obligation to make any such Advance.
Sample 1

Related to Capitalization of Certain Amounts During Construction Period

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