Default Draws. If Lender draws under the Letter of Credit pursuant to Section 4.08(b)(i) above, Lender may in its sole discretion use monies drawn under the Letter of Credit for any of the following purposes:
Appears in 2 contracts
Samples: Master Credit Facility Agreement (Archstone Inc.), Master Credit Facility Agreement (Archstone Smith Operating Trust)
Default Draws. If Lender draws under the Letter of Credit pursuant to Section 4.08(b)(i5.10(b)(i) above, Lender may in its sole discretion use monies drawn under the Letter of Credit for any of the following purposes:
Appears in 1 contract
Samples: Master Credit Facility Agreement (Bre Properties Inc /Md/)
Default Draws. If Lender draws under the Letter of Credit pursuant to Section 4.08(b)(i6.14(b)(i) above, Lender may in its sole discretion use monies drawn under the Letter of Credit for any of the following purposes:
Appears in 1 contract
Samples: Master Credit Facility and Reimbursement Agreement (America First Apartment Investors Inc)
