Common use of Subsequent Fundings and Payments of Construction Clause in Contracts

Subsequent Fundings and Payments of Construction. Costs during ------------------------------------------------------------- Construction Term. Subject to the terms and conditions of this Master ----------------- Agreement, if a Building is to be constructed on Land, on each Funding Date following the Closing Date for each such parcel of Land until the related Construction Term Expiration Date, (i) each Lender shall make available to the Lessor a Loan in an amount equal to the product of such Lender's Commitment Percentage times the amount of Funding requested by the Construction Agent for such Funding Date, which funds the Lessor hereby directs each Lender to pay over to the Construction Agent as set forth in paragraph (d), and (ii) the Lessor ------------- shall pay over to the Construction Agent its own funds (which shall constitute a part of, and an increase in, the Lessor's Invested Amount with respect to such Leased Property) in an amount equal to the product of the Lessor's Commitment Percentage times the amount of Funding requested by the Construction Agent for such Funding Date.

Subsequent Fundings and Payments of Construction. Costs during ------------------------------------------------------------- Construction Term. Subject to the terms and conditions of this Master ----------------- Agreement, if a Building is to be constructed on Land, ----------------- on each Funding Date following the Closing Date for each such parcel of Land until the related Construction Term Expiration Date, (i) each Lender shall make available to the Lessor a Loan in an amount equal to the product of such Lender's Commitment Percentage times the amount of Funding requested by the Construction Agent Lessee for such Funding Date, which funds the Lessor hereby directs each Lender to pay over directly to the Construction Agent Lessee as set forth in paragraph (d)) below, and (ii) the Lessor ------------- shall pay over to the Construction Agent Lessee ------------- its own funds (which shall constitute a part of, of and an increase in, in the Lessor's Invested Amount with respect to such Leased PropertyAmount) in an amount equal to the product of the Lessor's Commitment Percentage times the amount of Funding requested by the Construction Agent Lessee for such Funding Date.

Subsequent Fundings and Payments of Construction. Costs during ------------------------------------------------------------- Construction Term. Subject to the terms and conditions of this Master ----------------- Agreement, if a Building is to be constructed on Land, Agreement on each Funding Date following the Closing Date for each such parcel of Land until the related Construction Term Expiration Date, Date (i) each Lender shall make available to the Lessor a Loan in an amount equal to the product of such Lender's Commitment Percentage times the amount of the Funding requested by the Construction Agent for such Funding Date, which funds the Lessor hereby directs each Lender to pay over to the Construction Agent as set forth in paragraph (d), and (ii) the Lessor ------------- shall pay over to the Construction Agent ------------- its own funds (which shall constitute a part of, and an increase in, the Lessor's Invested Amount with respect to such Leased PropertyAmount) in an amount equal to the product of the Lessor's Commitment Percentage times the amount of the Funding requested by the Construction Agent for such Funding Date.

Subsequent Fundings and Payments of Construction. Costs during ------------------------------------------------------------- Construction Term. Subject to the terms and conditions of this Master Participation ----------------- Agreement, if a Building is to be constructed on Land, on each Funding Date following the Closing Date for each such parcel of Construction Land Interest until the related Construction Term Expiration Date, (i) each Lender shall make available to the Lessor a Loan in an amount equal to the product of such Lender's Commitment Percentage times the amount of Funding requested by the Construction Agent related Lessee for such Funding Date, which funds the Lessor hereby directs each such Lender to pay over to the Construction Agent related Lessee as set forth in paragraph (d), and (ii) the Lessor ------------- shall pay over to the Construction Agent such Lessee, its own funds ------------- (which shall constitute a part of, of and an increase in, in the Lessor's Invested Amount with respect to such Leased PropertyAmount) in an amount equal to the product of the Lessor's Commitment Percentage times the amount of Funding requested by the Construction Agent such Lessee for such Funding Date.