Common use of Payment of Leasing Expenses Clause in Contracts

Payment of Leasing Expenses. From time to time (but not --------------------------- more than once per month) Lender shall disburse funds held in the Rollover Reserve Fund to Borrower, within fifteen (15) days after the delivery by Borrower to Lender of a request therefor, provided (i) no Event of Default shall have occurred and be continuing; (ii) such disbursement is for an Approved Leasing Expense; and (iii) the request for disbursement is accompanied by (A) an Officer's Certificate from the appropriate Borrower certifying (v) the amount of funds to be disbursed, (w) that such funds will be used only to pay (or reimburse such Borrower for) Approved Leasing Expenses and a description thereof, (x) that all outstanding trade payables (other than those to be paid from the requested disbursement or those otherwise permitted to be outstanding under Section 6.8) have been paid in full, (y) that the same has not been the subject of a previous disbursement, and (z) that all previous disbursements have been used only to pay (or reimburse such Borrower for) the previously identified Approved Leasing Expenses, and (B) reasonably detailed supporting documentation as to the amount, necessity and purpose therefor.

Payment of Leasing Expenses. From time to time (but not --------------------------- more than once per month) Lender shall disburse funds held in the Rollover Reserve Fund to Borrowerthe applicable Borrower(s), within fifteen (15) days after the delivery by Borrower the applicable Borrower(s) to Lender of a request therefor, provided in increments of at least $5,000; provided, (i) on the day of the request and on the day of payment no Event of Default shall have occurred and be continuing; (ii) such disbursement is for an Approved Leasing Expense; (iii) Lender shall have (if it desires) verified (by an inspection conducted at Borrower's expense) performance of any construction work associated with such Approved Leasing Expense; and (iiiiv) the request for disbursement is accompanied by (A) an Officer's Certificate from the appropriate Borrower certifying (v) the amount of funds to be disbursed, (w) that such funds will be used only to pay (or reimburse such Borrower the applicable Borrower(s) for) Approved Leasing Expenses and a description thereof, (x) that all outstanding trade payables (other than those to be paid from the requested disbursement or those otherwise permitted to be outstanding under Section 6.87.8) have been paid in full, (y) that the same has not been the subject of a previous disbursement, and (z) that all previous disbursements have been used only to pay (or reimburse such Borrower the applicable Borrower(s) for) the previously identified Approved Leasing Expenses, and (B) reasonably detailed supporting documentation as to the amount, necessity and purpose therefor. During the continuance of a Cash Management Event, any such disbursement to pay (rather than reimburse) Approved Leasing Expenses may, at Lender's option, be made by joint check payable to the applicable Borrower(s) and the payee of such Approved Leasing Expenses.

Payment of Leasing Expenses. From time to time (but not --------------------------- more than once per month) Lender shall disburse funds held in the Rollover Reserve Fund to Borrower, within fifteen (15) days after the delivery by Borrower to Lender of a request therefor, provided in increments of at least $5,000; provided, (i) on the day of the request and on the day of payment no Event of Default shall have occurred and be continuing; (ii) such disbursement is for an Approved Leasing Expense; (iii) Lender shall have (if it desires) verified (by an inspection conducted at Borrower's expense) performance of any construction work associated with such Approved Leasing Expense; and (iiiiv) the request for disbursement is accompanied by (A) an Officer's Certificate from the appropriate Borrower certifying (v) the amount of funds to be disbursed, (w) that such funds will be used only to pay (or reimburse such Owner or Borrower for) Approved Leasing Expenses and a description thereof, (x) that all outstanding trade payables (other than those to be paid from the requested disbursement or those otherwise permitted to be outstanding under Section 6.87.8) have been paid in full, (y) that the same has not been the subject of a previous disbursement, and (z) that all previous disbursements have been used only to pay (or reimburse such Owner or Borrower for) the previously identified Approved Leasing Expenses, and (B) reasonably detailed supporting documentation as to the amount, necessity and purpose therefor. During the continuance of a Cash Management Event, any such disbursement to pay (rather than reimburse) Approved Leasing Expenses may, at Lender's option, be made by joint check payable to Borrower and the payee of such Approved Leasing Expenses.

Payment of Leasing Expenses. From time to time (but not --------------------------- more than once per month) Lender shall disburse funds held in the Rollover Reserve Fund to Borrower, within fifteen (15) 10 days after the delivery by Borrower to Lender of a request therefor, in increments of at least $1,000, provided (i) no Event of Default shall have occurred and be continuing; (ii) such disbursement is for an Approved Leasing Expense; (iii) Lender shall have (if it desires) verified (by an inspection conducted at Borrower's expense) performance of any construction work associated with such Approved Leasing Expense; and (iiiiv) the request for disbursement is accompanied by (A) an Officer's Certificate from the appropriate Borrower certifying (v) the amount of funds to be disbursed, (w) that such funds will be used only to pay (or reimburse such Borrower for) Approved Leasing Expenses and a description thereof, (x) that all outstanding trade payables (other than those to be paid from the requested disbursement or those otherwise permitted to be outstanding under Section 6.8) have been paid in full, (y) that the same has not been the subject of a previous disbursement, and (z) that all previous disbursements have been used only to pay (or reimburse such Borrower for) the previously identified Approved Leasing Expenses, and (B) reasonably detailed supporting documentation as to the amount, necessity and purpose therefor.

Payment of Leasing Expenses. From time to time (but not more --------------------------- more than once per month) Lender shall disburse funds held in the Rollover Reserve Fund to Borrowerthe applicable Borrower(s), within fifteen (15) 15 days after the delivery by Borrower the applicable Borrower(s) to Lender of a request therefor, in increments of at least $5,000, provided (i) on the day of the request and on the day of payment no Event of Default shall have occurred and be continuing; (ii) such disbursement is for an Approved Leasing Expense; (iii) Lender shall have (if it desires) verified (by an inspection conducted at such Borrower's expense) performance of any construction work associated with such Approved Leasing Expense; and (iiiiv) the request for disbursement is accompanied by (A) an Officer's Certificate from the appropriate Borrower certifying (v) the amount of funds to be disbursed, (w) that such funds will be used only to pay (or reimburse such Borrower the applicable Borrower(s) for) Approved Leasing Expenses and a description thereof, (x) that all outstanding trade payables (other than those to be paid from the requested disbursement or those otherwise permitted to be outstanding under Section 6.87.8) have been paid in full, (y) that the same has not been the subject of a previous disbursement, and (z) that all previous disbursements have been used only to pay (or reimburse such Borrower the applicable Borrower(s) for) the previously identified Approved Leasing Expenses, and (B) reasonably detailed supporting documentation as to the amount, necessity and purpose therefor. During the continuance of a Cash Management Event, any such disbursement to pay (rather than reimburse) Approved Leasing Expenses may, at Lender's option, be made by joint check payable to the applicable Borrower(s) and the payee of such Approved Leasing Expenses.