Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. 3 5.3. Conditions to the Holders' and the Lenders' Obligations to advance funds on the Initial Closing Date or funds for the Acquisition of Property..........................................................................5 5.4. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Reporting and Delivery Requirements on Completion Date...........................12 5.7. Construction Agent Delivery of Allocation Notice and Construction Budget Modifications..........................................................

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .............6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance............................................12 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Punch List Completion Date...........................12 5.7..............................14 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications............................................................................................................14 5.7. Restrictions on Liens............................................15 5.8. Payments.........................................................15 5.9. Unilateral Right to Increase the Holder Commitments and the Lender Commitments.............................................15 5.10

Procedures for Funding. 3 4 5.3. Conditions Precedent for the Lessee, the Lessor, the Agent and the Primary Financing Parties Relating to the Holders' Closing Date and the Lenders' Obligations to advance funds on the Initial Closing Date or funds Advance of Funds for the Acquisition of the Property..........................................................................5 ........................................................6 5.4. Conditions Precedent for the Lessor, the Agent and the Tranche B Lenders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance........................................11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date...........................................................................12 5.75.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.....................................................................................................13 5.7. Restrictions on Liens............................................14 5.8. [Reserved].......................................................14 5.9. Extension of Construction Period Termination Date................14 5.10. Payments.........................................................14 5.11. Cash Collateral Account..........................................14 5.12.

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 ......................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.............11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.......................................................................12 5.75.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications....................................................................13 5.7. Restrictions on Liens.........................................................13 5.8 Joinder Agreement Requirements.................................................13 5.9 Payments.......................................................................14 SECTION 6.

Procedures for Funding. 3 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property.............................................................................................................................5 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance....................................................................................8 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7..........................................................................................................9 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications..........................................................................................................10 5.7. Restrictions on Liens...............................................................................................10 [5.8. Reserved.].........................................................................................................10 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..................................................................10 5.10. Payments...........................................................................................................10 SECTION 6.

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.................................................12 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7...............................................................................13 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.....................................................................................14 5.7. Restrictions on Liens..........................................................................14 5.8. [Intentionally Omitted]........................................................................14 5.9. Maintenance of the Lessee as a Wholly-Owned Entity.............................................14 5.10. Payments.......................................................................................15 5.11. 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 Construction Agent Obligations.........................16 5.16.

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 ..........................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance...................12 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7...........................................13 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications...........................................................................14 5.7. Restrictions on Liens................................................................14 5.8. [Intentionally Omitted]..............................................................14 5.9. [Intentionally Omitted]..............................................................14 5.10. Payments.............................................................................14 5.11. Consent of the Lessee to Grant of Lien in Ground Leasehold Interests.................15 5.12. Minimum of Three Percent in Holder Commitments.......................................15 5.13. Unilateral Right to Increase the Holder Commitments and the Lender Commitments.......................................................................15 SECTION 6.

Procedures for Funding. 3 7 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .............9 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.............................................15 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7........................................................................17 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.....................................................................................18 5.7. Restrictions on Liens..........................................................................18 5.8. Joinder Agreement Requirements.................................................................19 5.9. Special Provision Regarding the Little Rock Property...........................................19 5.10. Payments.......................................................................................19 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments.................20

Procedures for Funding. 3 5.3. Conditions Precedent for the Lessee, the Lessor, the Agent and the Primary Financing Parties Relating to the Holders' Closing Date and the Lenders' Obligations to advance funds on the Initial Closing Date or funds Advance of Funds for the Acquisition of the Property................................................................................................................................................................... 5 5.4. Conditions Precedent for the Lessor, the Agent and the Tranche B Lenders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance................................................... 10 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date...........................12 5.7................................ 11 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications....................................................................................... 12 5.7. Restrictions on Liens............................................................................ 12 5.8. [Reserved]....................................................................................... 13 5.9. [Reserved]....................................................................................... 13 5.10. Payments......................................................................................... 13 5.11. Extension of Construction Period Termination Date................................................ 13 5.12

Procedures for Funding. 3 5 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .......................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.........................................................12 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7.....................14 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.............................................................................................................14 5.7. Restrictions on Liens...........................................15 5.8. [Reserved]......................................................15 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.........................11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7....................................................13 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.....................................................................................13 5.7. Restrictions on Liens..........................................................................14 5.8. Payments.......................................................................................14 5.9. Cash Collateral Account........................................................................14

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .......................................................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.................11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7...........................................13 5.6. The Construction Agent Delivery of Allocation Notice and 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................................................15 5.11. Property Cost as of the Rent Commencement Date................................16 SECTION 6.

Procedures for Funding. 3 4 5.3. Conditions to the Holders' and the Lenders' Obligations to advance funds on the Initial Closing Date or funds for the Acquisition of Property..........................................................................5 ......................................................................................6 5.4. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 .................................................................................11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 ............................................13 5.6. Reporting and Delivery Requirements on Completion Date...........................12 .......................................14 5.7. Construction Agent Delivery of Allocation Notice and Construction Budget Modifications...................................................................................................................................14 5.8. Inspection of Documents; Hold Harmless; Removal of Properties................................15 5.9. Unilateral Right to Increase the Commitments and the Holder Commitments..................................................................................15 5.10. Expansion of Improvements for a Completed Property...........................................15 5.11.

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 .............................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance.............................................................11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7...................................................................................13 5.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.........................................................................................14 5.7. Restrictions on Liens..............................................................................14 5.8. Punch List Items...................................................................................14 5.9. Joinder Agreement Requirements.....................................................................14

Procedures for Funding. 3 5.3. 4 5.3 Conditions to Precedent for the Holders' Lessor and the Lenders' Obligations Bank Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property................................................................................................................................. 5 5.4. 5.4 Conditions Precedent for the Lessor and the Bank Relating to the Holders' and Advance of funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................Acquisition Advance...................... 9 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. 5.5 Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7. ......................... 10 5.6 The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications................................................................................................................. 11 5.7 Restrictions on Liens............................................... 11 5.8 Payments............................................................ 11 5.9 Joinder Agreement Requirements...................................... 11 5.10 Maintenance of the Lessee as a Wholly-Owned Entity.................

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 ................................................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance..........................................................11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date............................................................................................................12 5.75.6. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications.........................................................................................13 5.7. Restrictions on Liens..............................................................................13 5.8. Payments...........................................................................................14 5.9. Payment of Bridge Financing - Initial Closing Date.................................................14 SECTION 6.

Procedures for Funding. 3 4 5.3. Conditions to Precedent for the Holders' Lessor, the Agent, the Lenders and the Lenders' Obligations Holders Relating to advance funds on the Initial Closing Date or funds and the Advance of Funds for the Acquisition of a Property..........................................................................5 ............. 7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Holders' and Advance of Funds after the Lenders' Obligations to Make Construction Fundings for the Commencement of Construction of any Improvements......................................................................9 Acquisition Advance........................................ 11 5.5. Conditions to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Construction Period Termination Date................................10 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date...........................12 5.7............... 13 5.6. The Construction Agent Delivery of Allocation Notice and 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.................................. 15 5.11. Property Cost as of the Rent Commencement Date.................. 15