Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ 14 5.7. Restrictions on Liens....................................................................... 14 5.8. Joinder Agreement Requirements.............................................................. 14 5.9. Payments.................................................................................... 15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 5.11. Application and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ .............6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... ............................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Punch List Completion Date.................................................................... 13 ..............................14 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ ..................................................14 5.7. Restrictions on Liens....................................................................... 14 ............................................15 5.8. Joinder Agreement Requirements.............................................................. 14 Payments.........................................................15 5.9. Payments.................................................................................... Unilateral Right to Increase the Holder Commitments and the Lender Commitments.............................................15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 5.11. Application and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.

Procedures for Funding. 4 3 5.3. Conditions Precedent for the Lessee, the Lessor, the Agent, the Lenders Agent and the Holders Primary Financing Parties Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a the Property........ 6 ......................................................................................... 5 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders Agent and the Holders Tranche B Lenders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 ................................................... 10 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 ................................ 11 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ 14 ............................. 12 5.7. Restrictions on Liens....................................................................... 14 ............................................................................ 12 5.8. Joinder Agreement Requirements.............................................................. 14 [Reserved]....................................................................................... 13 5.9. Payments.................................................................................... 15 [Reserved]....................................................................................... 13 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 Payments......................................................................................... 13 5.11. Application and Allocation Extension of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Construction Period Termination Date................................................ 13 5.12

Procedures for Funding. 4 7 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 .............9 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 .............................................15 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 ........................................................................17 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ 14 ...........................18 5.7. Restrictions on Liens....................................................................... 14 ..........................................................................18 5.8. Joinder Agreement Requirements.............................................................. 14 .................................................................19 5.9. Payments.................................................................................... 15 Special Provision Regarding the Little Rock Property...........................................19 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 Payments.......................................................................................19 5.11. Application Unilateral Right to Increase the Holder Commitments and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Lender Commitments.................20

Procedures for Funding. 4 5 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 .......................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... .........................................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 .....................14 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ ...................................................14 5.7. Restrictions on Liens....................................................................... 14 ...........................................15 5.8. Joinder Agreement Requirements.............................................................. 14 [Reserved]......................................................15 5.9. Payments.................................................................................... Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. Payments........................................................15 5.11. Application Unilateral Right to Increase the Holder Commitments and Allocation the Lender Commitments..............................................15 5.12. Pay-Out of Proceeds of Lenders and Holders Not Consenting to any Renewal. Term............................................................16 5.13. Advance on the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Initial Closing Date may be Prepaid and remain available for later Advances....................................16

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ ..........................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... ...................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... ...........................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ .................14 5.7. Restrictions on Liens....................................................................... ................................................................14 5.8. Joinder Agreement Requirements.............................................................. [Intentionally Omitted]..............................................................14 5.9. Payments.................................................................................... 15 [Intentionally Omitted]..............................................................14 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to Payments.............................................................................14 5.11. Consent of the Lessee Credit Agreement.................................................................................. to Grant of Lien in Ground Leasehold Interests.................15 5.115.12. Application Minimum of Three Percent in Holder Commitments.......................................15 5.13. Unilateral Right to Increase the Holder Commitments and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 Lender Commitments.......................................................................15 SECTION 6.

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ ..6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 ..............................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 Date.13 5.6. The Construction Agent Agent's Delivery of Construction Budget Modifications........................ .......................................14 5.7. Restrictions on Liens....................................................................... .................................14 5.8. 5.8 Joinder Agreement Requirements.............................................................. .........................14 5.9. Payments.................................................................................... 5.9 [Intentionally Omitted]................................15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. Payments.............................................15 5.11. Application Increase in Holder Commitments and Allocation Lender Commitments.15 5.12. Modifications of Proceeds Schedules Reflecting Holder Commitments and/or Lender Commitments......................15 5.13. Substitution of the Sale or Other Disposition Properties...........................16 5.14. Minimum Size of the Properties After an Event Construction Advance.................16 5.15. Time Limit for Acquisition of Default.................................................................. Properties.............16 SECTION 6.

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders Lessor and the Holders Bank Relating to the Initial Closing Date Date, the Issuance of Letters of Credit and the Advance of Funds for the Acquisition of a Property........ ......6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders Lessor and the Holders Bank Relating to the Advance of Funds after the Acquisition Advance......................................... 12 ....................................................................10 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 .............................................................12 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ 14 .............................12 5.7. Restrictions on Liens....................................................................... 14 ............................................................................12 5.8. Joinder Agreement Requirements.............................................................. 14 Payments.........................................................................................13 5.9. Payments.................................................................................... 15 Non-Ratable Holder Advances, Obligations to Issue Letters of Credit and Loans....................13 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 5.11. Application and Allocation of Proceeds Consent of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6Bank to Requests for Funding in Connection with Transactions Evidenced by Bond Documents......................................................................13 5.11.

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 ............. 7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 ........................................ 11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... ............... 13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ .................................................. 14 5.7. Restrictions on Liens....................................................................... ............................................ 14 5.8. Payments......................................................... 14 5.9. Unilateral Right to Increase the Holder Commitments and the Lender Commitments............................................. 15 5.10. Joinder Agreement Requirements.............................................................. 14 5.9. Payments.................................................................................... 15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. .................................. 15 5.11. Application and Allocation of Proceeds Property Cost as of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Rent Commencement Date.................. 15

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ .................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... .................................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... ...............................................................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ ...........................14 5.7. Restrictions on Liens....................................................................... ..........................................................................14 5.8. Joinder Agreement Requirements.............................................................. [Intentionally Omitted]........................................................................14 5.9. Payments.................................................................................... 15 Maintenance of the Lessee as a Wholly-Owned Entity.............................................14 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. Payments.......................................................................................15 5.11. Application Cash Collateral Account........................................................................15 5.12. [Intentionally Omitted]........................................................................16 5.13. Special Provision Regarding Renewal Term.......................................................16 5.14. Special Provision Regarding Mortgage Tax.......................................................16 5.15. Availability of Advances for Lessee and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. Construction Agent Obligations.........................16 SECTION 65.16.

Procedures for Funding. 4 3 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 ...................................................5 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 ....................................................................................8 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 ..........................................................................................................9 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ 14 ................................................10 5.7. Restrictions on Liens....................................................................... 14 ...............................................................................................10 [5.8. Joinder Agreement Requirements.............................................................. 14 Reserved.].........................................................................................................10 5.9. Payments.................................................................................... 15 Maintenance of the Lessee as a Wholly-Owned Entity..................................................................10 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 5.11. Application and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 Payments...........................................................................................................10 SECTION 6.

Procedures for Funding. 4 5 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 ..........................................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... ....12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... ...................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ ......14 5.7. Restrictions on Liens....................................................................... .....................................................14 5.8. Joinder Accession Agreement Requirements.............................................................. Requirements - New Tranche A Guarantors...............14 5.9. Payments.................................................................................... Maintenance of AOR Synthetic Real Estate, Inc. as a Wholly-Owned Entity....................................................................15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to Post-Closing Requirements Regarding Certain Properties for Which Advances are Made on the Lessee Credit Agreement.................................................................................. 15 5.11. Application and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Initial Closing Date............................15

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ 6 .......................................................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 .................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... ...........................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ ...........14 5.7. Restrictions on Liens....................................................................... ..........................................................14 5.8. Payments.......................................................................14 5.9. Unilateral Right to Increase the Holder Commitments and the Lender Commitments.............................................................14 5.10. Joinder Agreement Requirements.............................................................. 14 5.9. Payments.................................................................................... 15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. ................................................15 5.11. Application and Allocation of Proceeds Property Cost as of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. Rent Commencement Date................................16 SECTION 6.

Procedures for Funding. 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ .................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance......................................... 12 .........................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... ....................................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications........................ 14 ...........................13 5.7. Restrictions on Liens....................................................................... ..........................................................................14 5.8. Joinder Agreement Requirements.............................................................. Payments.......................................................................................14 5.9. Payments.................................................................................... 15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. 15 5.11. Application and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Cash Collateral Account........................................................................14

Procedures for Funding. 4 5.3. 5 5.3 Conditions Precedent for to the Lessor, the Agent, the Lenders Holders' and the Holders Relating Lenders' Obligations to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property........ .................. 6 5.4. 5.4 Conditions Precedent to the Holders' and the Lenders' Obligations to Make Construction Advances for the Lessor, the Agent, the Lenders and the Holders Relating Ongoing Construction on any Property Prior to the Advance of Funds after the Acquisition Advance......................................... 12 5.5. Construction Period Termination Date..... 9 5.5 Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 5.6. The Respecting Each Property.................................. 10 5.6 Construction Agent Delivery of Construction Budget Modifications........................ 14 5.7. Restrictions on Liens....................................................................... 14 5.8. Joinder Agreement Requirements.............................................................. 14 5.9. Payments.................................................................................... 15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to .................................................. 10 5.7 Maintenance of the Lessee Credit Agreement.................................................................................. 15 5.11. Application as a Wholly-Owned Entity............. 11 5.8 Unilateral Right to Increase the Holder Commitments and Allocation the Lender Commitments............................................. 11 5.9 Borrower's Right to Increase the Commitments and the Holder Commitments.................................................... 11 5.10 Additional Holder Representations; Lessee's Right to Replace Holder......................................................... 11 5.11 Post-Closing Satisfaction of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.Conditions Respecting Certain Properties..................................................... 12

Procedures for Funding. 4 5.3. Conditions Precedent for to the Lessor, the Agent, the Lenders Holders' and the Holders Relating Lenders' Obligations to advance funds on the Initial Closing Date and the Advance of Funds or funds for the Acquisition of a Property........ ......................................................................................6 5.4. Conditions Precedent to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Lessor, Commencement of Construction of any Improvements.................................................................................11 5.5. Conditions to the Agent, the Lenders Holders' and the Holders Relating Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Advance of Funds after the Acquisition Advance......................................... 12 5.5Construction Period Termination Date............................................13 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................... 13 5.6.......................................14 5.7. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications........................ 14 5.7. Restrictions on Liens....................................................................... .........................................................................14 5.8. Joinder Agreement Requirements.............................................................. 14 Inspection of Documents; Hold Harmless; Removal of Properties................................15 5.9. Payments.................................................................................... Unilateral Right to Increase the Commitments and the Holder Commitments..................................................................................15 5.10. Ratable Interests held by Holders, Lenders and Lenders pursuant to the Lessee Credit Agreement.................................................................................. Expansion of Improvements for a Completed Property...........................................15 5.11. Application and Allocation of Proceeds of the Sale or Other Disposition of the Properties After an Event of Default.................................................................. 16 SECTION 6.