Common use of Initial Advance and Additional Advances Clause in Contracts

Initial Advance and Additional Advances. Provided that all of the terms and conditions precedent set forth in Article II above and this Article III (including without limitation Section 3.6 below) shall have been satisfied or deemed satisfied as provided in Article II above, Lenders shall make the Initial Advance of the Loan in the amount of $33,500,000 (the "Initial Advance") to or for the benefit of Borrower for the purpose of acquiring the Property. At any time from and after the Closing Date through the date that is thirty (30) days prior to the initial Maturity Date (or to the date that is thirty (30) days prior to the Extended Maturity Date, if Borrower exercises its extension option, pursuant to the provisions of Section 1.4 herein), provided that all of the terms and conditions set forth in this Article III have been satisfied (or deemed satisfied) or waived, Borrower shall have the right to request and receive additional advances of the Loan from the Tenant Improvement Allocation (each, an "Additional Advance"). If the Loan is extended, so long as no Event of Default then exists, any remaining undisbursed funds in the Tenant Improvement Allocation may be used by Borrower for any lawful purposes relating to the Property (and not solely for Tenant Improvements and leasing commissions as is otherwise required under this Agreement) so long as all other requirements for disbursement have been satisfied. Whenever Borrower desires to obtain an advance of Loan proceeds, Borrower shall submit a signed Draw Request, in the form attached hereto as Exhibit J, to Agent at least two (2) Business Days prior to the date on which the requested advance is to be made ("Advance Date").

Initial Advance and Additional Advances. Provided that all of the terms and conditions precedent set forth in Article II above and this Article III (including without limitation Section 3.6 below, and as to any Holdback Amount, Section 3.7 hereof) shall have been satisfied or deemed satisfied as provided in Article II above, Lenders shall make the Initial Advance of the Loan in the amount of $33,500,000 185,000,000 (the "Initial Advance") to or for the benefit of Borrower for the purpose of acquiring the PropertyBorrower. At any time from and after the Closing Date through the date that is thirty sixty (3060) days prior to the initial Maturity Date (or to the date that is thirty sixty (3060) days prior to the Extended applicable extended Maturity Date, Date if Borrower exercises one or both of its extension option, options pursuant to the provisions of Section 1.4 herein) (the "Availability Period"), provided that all of the terms and conditions set forth in this Article III have been satisfied (or deemed satisfied) or waived, Borrower shall have the right to request and receive additional advances of the Loan from the Tenant Improvement Allocation (each, an "Additional Advance"). If the Loan is extended) in an amount not to exceed, so long as no Event of Default then exists, any remaining undisbursed funds in the Tenant Improvement Allocation may be used by Borrower for any lawful purposes relating when added to the Property (and not solely for Tenant Improvements and leasing commissions as is otherwise required under this Agreement) so long as all other requirements for disbursement have been satisfiedexisting outstanding principal balance, the then existing Availability Amount. Whenever Borrower desires to obtain an advance of Loan proceeds, Borrower shall submit a signed Draw Request, in the form attached hereto as Exhibit J, to Agent at least two (2) Business Days business days prior to the date on which the requested advance is to be made ("Advance Date").. The funding of any Additional Advance shall be subject to the satisfaction of the following additional conditions:

Initial Advance and Additional Advances. Provided that all of the terms and conditions precedent set forth in Article II above and this Article III (including without limitation Section 3.6 below) shall have been satisfied or deemed satisfied as provided in Article II above, Lenders shall make the Initial Advance of the Loan in the amount of $33,500,000 141,000,000 from the Non-revolving Portion and $ 0 from the Revolving Portion (collectively, the "Initial Advance") to or for the benefit of Borrower for the purpose of acquiring the PropertyBorrower. At any time from and after the Closing Date through the date that is thirty sixty (3060) days prior to the initial Maturity Date (or to the date that is thirty sixty (3060) days prior to the Extended applicable extended Maturity Date, Date if Borrower exercises one or both of its extension option, options pursuant to the provisions of Section 1.4 herein) (the "Availability Period"), provided that all of the terms and conditions set forth in this Article III have been satisfied (or deemed satisfied) or waived, Borrower shall have the right to request and receive additional advances of the Loan from the Tenant Improvement Allocation (each, an "Additional Advance"). If ) in an amount not to exceed the Loan is extended, so long as no Event of Default then exists, any remaining undisbursed funds in the Tenant Improvement Allocation may be used by Borrower for any lawful purposes relating to the Property (and not solely for Tenant Improvements and leasing commissions as is otherwise required under this Agreement) so long as all other requirements for disbursement have been satisfiedexisting Availability Amount. Whenever Borrower desires to obtain an advance of Loan proceeds, Borrower shall submit a signed Draw Request, in the form attached hereto as Exhibit J, to Agent at least two (2) Business Days business days prior to the date on which the requested advance is to be made ("Advance Date").. The funding of any Additional Advance shall be subject to the satisfaction of the following additional conditions:

Initial Advance and Additional Advances. Provided that all of the terms and conditions precedent set forth in Article II above and this Article III (including without limitation Section 3.6 below) shall have been satisfied or deemed satisfied as provided in Article II above, Lenders shall make the Initial Advance of the Loan in the amount of $33,500,000 40,000,000 from the Term Commitment and $40,697,500 from the Revolving Commitment (collectively, the "Initial Advance") to or for the benefit of Borrower for the purpose of acquiring the PropertyBorrower. At any time from and after the Closing Date through the date that is thirty sixty (3060) days prior to the initial Maturity Date (or to the date that is thirty sixty (3060) days prior to the Extended applicable extended Maturity Date, Date if Borrower exercises one or both of its extension option, options pursuant to the provisions of Section 1.4 herein) (the "Availability Period"), provided that all of the terms and conditions set forth in this Article III have been satisfied (or deemed satisfied) or waived, Borrower shall have the right to request and receive additional advances of the Loan from the Tenant Improvement Allocation (each, an "Additional Advance"). If ) in an amount not to exceed the Loan is extended, so long as no Event of Default then exists, any remaining undisbursed funds in the Tenant Improvement Allocation may be used by Borrower for any lawful purposes relating to the Property (and not solely for Tenant Improvements and leasing commissions as is otherwise required under this Agreement) so long as all other requirements for disbursement have been satisfiedexisting Availability Amount. Whenever Borrower desires to obtain an advance of Loan proceeds, Borrower shall submit a signed Draw Request, in the form attached hereto as Exhibit J, to Agent at least two (2) Business Days business days prior to the date on which the requested advance is to be made ("Advance Date").. The funding of any Additional Advance shall be subject to the satisfaction of the following additional conditions:

Initial Advance and Additional Advances. Provided that all of the terms and conditions precedent set forth in Article II above and this Article III (including without limitation Section 3.6 below) shall have been satisfied or deemed satisfied as provided in Article II above, Lenders shall make the Initial Advance of the Loan in the amount of $33,500,000 0.00 (for purposes of clarification $140,000,000 is already outstanding) (collectively, the "“Initial Advance"”) to or for the benefit of Borrower for the purpose of acquiring the PropertyBorrower. At any time from and after the Closing Date through the date that is thirty sixty (3060) days prior to the initial Maturity Date (or to the date that is thirty sixty (3060) days prior to the Extended extended Maturity Date, Date if Borrower exercises its extension option, option pursuant to the provisions of Section 1.4 herein) (the “Availability Period”), provided that all of the terms and conditions set forth in this Article III have been satisfied (or deemed satisfied) or waived, Borrower shall have the right to request and receive additional advances of the Loan from the Tenant Improvement Allocation (each, an "“Additional Advance"). If ”) in an amount not to exceed the Loan is extended, so long as no Event of Default then exists, any remaining undisbursed funds in the Tenant Improvement Allocation may be used by Borrower for any lawful purposes relating to the Property (and not solely for Tenant Improvements and leasing commissions as is otherwise required under this Agreement) so long as all other requirements for disbursement have been satisfiedexisting Availability Amount. Whenever Borrower desires to obtain an advance of Loan proceeds, Borrower shall submit a signed Draw Request, in the form attached hereto as Exhibit J, to Agent at least two (2) Business Days business days prior to the date on which the requested advance is to be made ("“Advance Date"”).. The funding of any Additional Advance shall be subject to the satisfaction of the following additional conditions: