Common use of Fundings of Purchase Price, Development Costs and Construction Costs Clause in Contracts

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and Development Costs on Closing Date. Subject to the terms and conditions of this Master Agreement, on the Closing Date for any Land, each Lender shall make available to the Lessor its initial Loan with respect to such Land in an amount equal to the product of such Lender's Commitment Percentage times the purchase price for the Land, if applicable, and the development, transaction and closing costs incurred by the Lessee through such Closing Date, which funds the Lessor shall use, together with the Lessor's own funds in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, for the related Land and the development, transaction and closing costs incurred by the Lessee, as agent, through such Closing Date, to purchase the Land from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to the Lessee the amount of such development, transaction and closing costs, and the Lessor shall lease, or sublease, as the case may be, such Land to the Lessee pursuant to the Lease.

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and Development Costs on Closing Date. Subject to the terms and conditions of this Master Agreement, on the Closing Date for any Land, each Lender shall make available to the Lessor its initial Loan with respect to such Land in an amount equal to the product of such Lender's Commitment Percentage times the purchase price for the Land, if applicable, and the development, transaction and closing costs incurred by the Lessee through such Closing DateDate with respect to such Leased Property, which funds the Lessor shall use, together with the Lessor's own funds in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, for the related Land and the development, transaction and closing costs incurred by the Lessee, as agent, through such Closing DateDate with respect to such Leased Property, to purchase the Land from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to reimburse the Lessee for the amount of such development, transaction and closing costs, and the Lessor shall lease, or sublease, as the case may be, such Land to the Lessee pursuant to the Lease.

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and Development Costs on Closing Date. Subject to the terms and conditions of this Master Agreement, on the Closing Date for any Land, each Lender shall make available to the Lessor its initial Loan with respect to such Land in an amount equal to the product of such Lender's Commitment Percentage times the purchase price for the Land, if applicable, Land and the development, transaction and closing costs incurred by the Lessee through such Closing Date, which funds the Lessor shall use, together with the Lessor's own Lessor funds in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, price for the related Land and the development, transaction and closing costs incurred by the Lessee, as agent, through such Closing Date, to purchase the Land from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to the Lessee the amount of such development, transaction and closing costs, and the Lessor shall lease, or sublease, as the case may be, lease such Land to the Lessee pursuant to the Lease.

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and Development Costs on Closing Date. Subject to the terms and conditions of this Master Agreement, on the Closing Date for any LandLand and any Building thereon, each Lender shall make available available, or arrange to make available, to the Lessor its initial Loan with respect to such Land in an amount equal to the product of such Lender's Commitment Percentage times the purchase price for the Land, if applicable, Land and any Building thereon and the development, transaction and closing costs Construction Costs incurred by the Lessee Construction Agent, as Agent for the Lessor, through such Closing Date, which funds the Lessor shall use, together with the Lessor's own Lessor funds in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, price for the related Land and the development, transaction and closing costs Construction Costs incurred by the LesseeConstruction Agent, as agentagent for the Lessor, through such Closing Date, to purchase the Land from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to the Lessee the amount of such development, transaction and closing costsConstruction Costs, and the Lessor shall lease, or sublease, as the case may be, lease such Land to the Lessee pursuant to the Lease.

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and ---------------------------------------------------------- Development Costs on Closing Date. Subject to the terms and conditions of this Master --------------------------------- Participation Agreement, on the Closing Date for any LandLand Interest, each Lender shall make available to the Lessor its initial Loan with respect to such Land Interest in an amount equal to the product of such Lender's Commitment Percentage times the purchase price for the Land, if applicable, Land and the development, transaction and closing development costs incurred by the related Lessee through such Closing Date, which funds the Lessor shall use, together with its own funds (which shall be the initial Lessor's own funds Invested Amount with respect to such Land Interest) in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, price for the related Land and the development, transaction and closing development costs incurred by the Lessee, as agent, such Lessee through such Closing Date, to purchase the Land Interest from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to the such Lessee the amount of such development, transaction and closing development costs, and the Lessor shall lease, or sublease, as the case may be, lease such Land Interest to the such Lessee pursuant to the Lease.

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and Development Costs on Closing Date. Subject to the terms and conditions of this Master Agreement, on the Closing Date for any Land, each Lender shall make available to the Lessor its initial Loan with respect to such Land in an amount equal to the product of such Lender's Commitment Percentage times the purchase price for the Land, if applicable, and the development, transaction and closing costs incurred by the Lessee through such Closing Date, which funds the Lessor shall use, together with the Lessor's own funds in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, for the related Land and the development, transaction and closing costs incurred by the LesseeConstruction Agent, as agent, through such Closing Date, to purchase the Land from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to the Lessee Construction Agent the amount of such development, transaction and closing costs, and the Lessor shall lease, or sublease, as the case may be, such Land to the related Lessee pursuant to the Lease.

Fundings of Purchase Price, Development Costs and Construction Costs. (a) Initial Funding and Payment of Purchase Price for Land and Development Costs on Closing Date. Subject to the terms and conditions of this Master Agreement, on the Closing Date for any Land, each the Lender shall make available to the Lessor its initial Loan with respect to such Land in an amount equal to the product of such the Lender's Commitment Percentage (or 100% if the Lessor's Commitment has been fully funded in accordance with Section 2.2(g)) times the purchase price for the Land, if applicable, and the development, transaction and closing costs incurred by the Lessee Construction Agent, as agent, through such Closing Date, which funds the Lessor shall use, together with the Lessor's own funds in an amount equal to the product of the Lessor's Commitment Percentage times the purchase price, if applicable, for the related Land and the development, transaction and closing costs incurred by the LesseeConstruction Agent, as agent, through such Closing DateDate (unless the Lessor's Commitment has already been fully funded in accordance with Section 2.2(g)), to purchase the Land from the applicable Seller pursuant to the applicable Purchase Agreement or lease the Land from the applicable Ground Lessor pursuant to the applicable Ground Lease and to pay to the Lessee Construction Agent the amount of such development, transaction and closing costs, and the Lessor shall lease, or sublease, as the case may be, such Land to the related Lessee pursuant to the Lease.