Common use of Extra Funds for Operating Expenses Clause in Contracts

Extra Funds for Operating Expenses. Subsequent to the Conversion Date, during each of the following periods (i) any period in which Lender or its designee is an equity owner in Manager and/or Borrower and (ii) any Cash Management Period, not more frequently than once each Interest Period and provided that no Event of Default has occurred and is continuing, if in a given Interest Period the Manager requires amounts in excess of the Approved Operating Expenses ("Extra Funds"), Manager, 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 Manager or its designee within ten (10) Business Days of Lender's receipt of Manager's written request.

Extra Funds for Operating Expenses. Subsequent to On and after the Conversion ---------------------------------- Optional Prepayment Date, during each of the following periods (i) any period in which Lender or its designee is an equity owner in Manager and/or Borrower and (ii) any Cash Management Period, not more frequently than once each Interest Accrual Period and provided that no Default or Event of Default has occurred and is continuingoccurred, if in a given Interest Period the Manager Accrual Period, Borrower requires amounts in excess of the Approved Operating Expenses Expense Monthly Installment (such excess amounts, "Extra Funds"), Manager----------- Borrower, 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 Manager Borrower or its designee within ten (10) Business Days of after Lender's receipt of Manager's written requestapproval.

Extra Funds for Operating Expenses. Subsequent to On and after the Conversion Optional Prepayment Date, during each of the following periods (i) any period in which Lender or its designee is an equity owner in Manager and/or Borrower and (ii) any Cash Management Period, not more frequently than once each Interest Accrual Period and provided that no Default or Event of Default has occurred and is continuing, if in a given Interest Period Accrual Period, the Manager Borrower requires amounts in excess of the Approved Operating Expenses Expense Monthly Installment ("Extra Funds"), ManagerBorrower, 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 Within ten (such approval not to 10) days after Lender's approval, which approval, if granted by Lender, shall be unreasonably withheld), Lender shall release the funds to Manager or its designee delivered within ten (10) Business Days of Lender's receipt of Manager's written such request, Lender shall release the funds to Borrower or its designee.

Extra Funds for Operating Expenses. Subsequent to On and after the Conversion Optional Prepayment Date, during each of the following periods (i) any period in which Lender or its designee is an equity owner in Manager and/or Borrower and (ii) any Cash Management Period, 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 Period Accrual Period, the Manager Borrower requires amounts in excess of the Approved Operating Expenses Expense Monthly Installment ("Extra Funds"), ManagerBorrower, 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 Within ten (10) days after Lender's approval, which approval, if granted by Lender approves of such costs (such approval not to be unreasonably withheldwithheld or delayed), Lender shall release the funds to Manager or its designee be delivered within ten (10) Business Days of Lender's receipt of Manager's written such request, Lender shall release the funds to Borrower or its designee.