Common use of Fundings Clause in Contracts

Fundings. Any Advance required to be made by Lessor pursuant to any Operative Document shall be made by the Participants making a Funding directly to the Administrative Agent. Such Funding by the Participants to the Administrative Agent with respect to an Advance and any Advance by the Administrative Agent to any Person entitled to payments constituting Project Costs, including Contingent Rent, Fees, Yield or Transaction Expenses shall be deemed to constitute the required Advance by the Participants.

Fundings. Any Advance required to be made by the Lessor pursuant to any Operative Document Agreement shall be made by the Participants making a Funding directly to the Administrative Agent. Such Funding by the Participants to the Administrative Agent with respect to an Advance shall be deemed to constitute the required Funding from the Participants to Lessor, and any the corresponding Advance by the Administrative Agent to any Person entitled to payments constituting Project Asset Costs, including Contingent RentCosts, Fees, Interest, Yield or Transaction Expenses Costs or deposits into the Project Collateral Accounts shall be deemed to constitute the required Advance by the ParticipantsLessor.