Development Property Updates Sample Clauses

Development Property Updates. At the time financial statements are furnished pursuant to Sections 9.1. and 9.2., a schedule of all Development Properties of the Parent, the Borrower and each other Subsidiary (including Frenchman’s Reef & Morning Star Marriott Beach Resort in St. ▇▇▇▇▇▇, Virgin Islands if such Property has been excluded as a Development Property under the last sentence of Section 10.1.) which are under development as of the fiscal quarter most recently ended, setting forth for each such Property its percentage of completion, the estimated completion date, the total amount of development funded and the status of such development against the development budget;

Development Property Updates. At the time financial statements are furnished pursuant to Sections 9.1. and 9.2., a schedule of all Development Properties of the Parent, the Borrower and each other Subsidiary (which schedule shall include, to the extent applicable work has commenced, the Lexington New York City located in New York City, New York, and the Chicago Marriott located in Chicago, Illinois, during any period the applicable Property has been excluded as a Development Property pursuant to the second sentence of the definition of the term “Development Property”) which are under development as of the fiscal quarter most recently ended, setting forth for each such Property its percentage of completion, the estimated completion date, the total amount of development funded and the status of such development against the development budget;