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..........................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................................12 5.6. The Construction Agent Delivery of 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. 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..........................................................11 .....................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................................12 ........................................................14 5.6. The Construction Agent Delivery of Construction Budget Modifications...............................13 ...............................................15 5.7. Restrictions on Liens..............................................................................13 .........................................15 5.8. Payments...........................................................................................14 5.9. Payment of Bridge Financing - Initial Closing Date.................................................14 SECTION 6.......................................................15

Procedures for Funding. 4 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 5.4. 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..................................................................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................................................................................12 5.6. The Construction Agent Delivery of Construction Budget Modifications..........................................................................13 5.7. Restrictions on Liens..............................................................................13 ............................................14 5.8. Payments...........................................................................................[Reserved].......................................................14 5.9. Payment Extension of Bridge Financing - Initial Closing Construction Period Termination Date.................................................................14 SECTION 65.10. Payments.........................................................14 5.11. Cash Collateral Account..........................................14 5.12.

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.......................................................................................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................................12 ...................................................................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications...............................13 14 5.7. Restrictions on Liens..............................................................................13 14 5.8. Payments...........................................................................................Punch List Items...................................................................................14 5.9. Payment of Bridge Financing - Initial Closing Date.................................................14 SECTION 6.Joinder Agreement Requirements.....................................................................14

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.................................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................................12 ......................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications...............................13 .........14 5.7. Restrictions on Liens..............................................................................13 ........................................................14 5.8. Payments...........................................................................................14 Additional Availability under Commitments and Holder Commitments.............15 5.9. Payment of Bridge Financing - Initial Closing Date.................................................14 Joinder Agreement Requirements...............................................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.......................................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.............................................................................................................................12 5.6. The Construction Agent Delivery of Construction Budget Modifications.........................................13 5.7. Restrictions on Liens.......................................................................................................................................13 5.8. 5.8 Joinder Agreement Requirements.................................................13 5.9 Payments...........................................................................................14 5.9. Payment of Bridge Financing - Initial Closing Date........................................................................................................................14 SECTION 6.

Procedures for Funding. 4 5.3. 5.3 Conditions Precedent for the Lessor, the Agent, the Lenders Lessor and the Holders Bank Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property................................................................................6 5.4. ....................................................... 5 5.4 Conditions Precedent for the Lessor, the Agent, the Lenders Lessor and the Holders Bank Relating to the Advance of Funds funds after the Acquisition Advance..........................................................11 5.5. ...................... 9 5.5 Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.................................................................................12 5.6. ......................... 10 5.6 The Construction Agent Delivery of Construction Budget Modifications...............................13 5.7. ....................................................... 11 5.7 Restrictions on Liens..............................................................................13 5.8. ............................................... 11 5.8 Payments...........................................................................................14 5.9. Payment ............................................................ 11 5.9 Joinder Agreement Requirements...................................... 11 5.10 Maintenance of Bridge Financing - Initial Closing Date.................................................14 the Lessee as a Wholly-Owned Entity................. 12 5.11 Unilateral Right to Increase the Holder Commitments and the Lender Commitments........................................................ 12 SECTION 6.