Common use of Extra Funds for Operating Expenses Clause in Contracts

Extra Funds for Operating Expenses. During each of the ---------------------------------- following periods (i) any period in which the Preferred Equity Holder is an equity owner in Operator and/or Borrower and (ii) on and after the Optional Prepayment Date, not more frequently than once each Interest Accrual Period and provided that no Event of Default has occurred and is continuing if in a given Interest Accrual Period, the Operator requires amounts in excess of the Operating Expense Monthly Installment ("Extra Funds"), Operator, at the ----------- time it delivers the Operating Expense Certificate, may deliver a written request to Lender for a disbursement of Extra Funds stating the amount of such Extra Funds and the purpose for which such amount is intended with attachments of copies of bills and other documentation as may be required by Lender to establish that such Operating Expenses are reasonable and that such amounts are then due or expected to become due in that month. If Lender approves of such costs (such approval not to be unreasonably withheld), Lender shall release the funds to Operator or its designee within ten (10) Business Days of Lender's receipt of Operator's written request.

Extra Funds for Operating Expenses. During each of the ---------------------------------- following periods periods: (i) any period in which the Preferred Equity Holder is an equity owner in Operator and/or Borrower and (ii) on and after the Optional Prepayment Date, not more frequently than once each Interest Accrual Period and provided that no Default or Event of Default has occurred and is continuing continuing, if in a given Interest Accrual Period, the Operator Borrower requires amounts in excess of the Operating Expense Monthly Installment (such excess amounts, "Extra Funds"), OperatorBorrower, at the ----------- time it delivers the Operating Expense Certificate, may deliver a written request to Lender for a disbursement of Extra Funds stating the amount of such Extra Funds and the purpose for which such amount is intended amount, together with attachments of copies of bills and other documentation as may be required by Lender to establish that such Operating Expenses Extra Funds operating expenses are reasonable and that such amounts are then due or expected to become due in that month. If Lender approves shall approve or disapprove such request within ten (10) Business Days after Lender's receipt of such costs (such approval not to be unreasonably withheld)request and, if approved, Lender shall release the funds Extra Funds to Operator Borrower or its designee within ten (10) Business Days of after Lender's receipt of Operator's written requestapproval.