Common use of THE DEVELOPMENT FINANCING Clause in Contracts

THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTIC-CDD and disbursed by LTIC-CDD pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction Costs.

Appears in 24 contracts

Samples: Development Financing Agreement (Aei Real Estate Fund Xvii Limited Partnership), Development Financing Agreement (Aei Real Estate Fund Xvii Limited Partnership), Development Financing Agreement (Aei Real Estate Fund Xvii Limited Partnership)

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THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTIC-CDD CTIC and disbursed by LTIC-CDD CTIC pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction CostsCosts and Development Financing and Carrying Charges.

Appears in 6 contracts

Samples: Development Financing Agreement (Aei Real Estate Fund 85-a LTD Partnership), Development Financing Agreement (Aei Real Estate Fund Xv LTD Partnership), Development Financing Agreement (Aei Real Estate Fund Xvii Limited Partnership)

THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTICCTIC-CDD and disbursed by LTICCTIC-CDD pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction Costs.

Appears in 5 contracts

Samples: Development Financing Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Development Financing Agreement (Aei Real Estate Fund Xvii Limited Partnership), Development Financing Agreement (Aei Income & Growth Fund 23 LLC)

THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTIC-CDD Escrowee and disbursed by LTIC-CDD Escrowee pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction Costs.

Appears in 3 contracts

Samples: Development Financing Agreement (Aei Income & Growth Fund 24 LLC), Development Financing Agreement (Aei Net Lease Income & Growth Fund Xx Limited Partnership), Development Financing Agreement (Aei Income & Growth Fund Xxii LTD Partnership)

THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTIC-CDD and disbursed by LTIC-CDD pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction CostsCosts and Development Financing and Carrying Charges.

Appears in 3 contracts

Samples: Development Financing Agreement (Aei Income & Growth Fund 23 LLC), Development Financing Agreement (Aei Income & Growth Fund 23 LLC), Development Financing Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

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THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTICCLTIC-CDD and disbursed by LTICCLTIC-CDD pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction Costs.

Appears in 2 contracts

Samples: Development Financing Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Development Financing Agreement (Aei Income & Growth Fund Xxi LTD Partnership)

THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTIC-CDD LTIC and disbursed by LTIC-CDD LTIC pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction CostsCosts and Development Financing and Carrying Charges.

Appears in 1 contract

Samples: Development Financing Agreement (Aei Income & Growth Fund 24 LLC)

THE DEVELOPMENT FINANCING. Subject to compliance with the provisions of this Agreement, Lessor agrees to advance to Lessee, and Lessee agrees to request from Lessor, the Development Financing. The Development Financing shall be advanced in stages by Lessor to LTICFATIC-CDD and disbursed by LTICFATIC-CDD pursuant to the provisions of Article VIII hereof. The Development Financing, or so much thereof as has been advanced hereunder, shall bear interest at the rate and shall be repaid in accordance with the terms hereof and the Lease. The proceeds of the Development Financing shall be used exclusively for the purposes of defraying Construction CostsCosts and Development Financing and Carrying Charges.

Appears in 1 contract

Samples: Development Financing Agreement (Aei Income & Growth Fund 25 LLC)

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