Common use of Use of Proceeds of Loans and Letters of Credit Clause in Contracts

Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of: (a) acquisition of Projects, portfolios of Projects, or interests in Projects, similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (b) acquisition of Persons or interests in Persons that own or have direct or indirect interests in Projects or portfolios of Projects similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (c) expansion, renovation and redevelopment of Properties owned in whole or in part and operated by the Borrower or its Subsidiaries ; (d) funding of TI Work and Tenant Allowances; (e) financing construction related to new or existing Properties owned or to be owned in whole or in part and operated by the Borrower or its Subsidiaries ; and (f) other general corporate, partnership and working capital needs of the Borrower or its Subsidiaries, inclusive of repayment of Indebtedness for borrowed money; each of which purposes described in clauses (a) through (f) above must otherwise be lawful general corporate, partnership and working capital purposes of the Borrower.

Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of: (a) acquisition of Projects, portfolios of Projects, or interests in Projects, similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (b) acquisition of Persons or interests in Persons that own or have direct or indirect interests in Projects or portfolios of Projects similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (c) expansion, renovation and redevelopment of Properties owned in whole or in part and operated by the Borrower or its Subsidiaries ; (d) funding of TI Work and Tenant Allowances; (e) financing construction related to new or existing Properties owned or to be owned in whole or in part and operated by the Borrower or its Subsidiaries ; and (f) other general corporate, partnership and working capital needs of the Borrower or its Subsidiaries, inclusive of repayment of Indebtedness for borrowed money; each of which purposes described in clauses (a) through (f) above must otherwise be lawful general corporate, partnership and working capital purposes of the Borrower.

Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of: (a) acquisition of Projects, portfolios of Projects, or interests in Projects, similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (b) acquisition of Persons or interests in Persons that own or have direct or indirect interests in Projects or portfolios of Projects similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (c) expansion, renovation and redevelopment of Properties owned in whole or in part and operated by the Borrower or its Subsidiaries Subsidiaries; (d) funding of TI Work and Tenant Allowances; (e) financing construction related to new or existing Properties owned or to be owned in whole or in part and operated by the Borrower or its Subsidiaries ; and (f) other general corporate, partnership and working capital needs of the Borrower or its SubsidiariesSubsidiaries , inclusive of repayment of Indebtedness for borrowed money; each of which purposes described in clauses (a) through (f) above must otherwise be lawful general corporate, partnership and working capital purposes of the Borrower.

Use of Proceeds of Loans and Letters of Credit. The proceeds of the Loans and the Letters of Credit issued for the account of the Borrower hereunder may be used for the purposes of: (a) first to refinance the Indebtedness under the Existing Credit Agreements; and (b) thereafter, if any proceeds are remaining (in no specific order of priority): (i) acquisition of Projects, portfolios of Projects, or interests in Projects, similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (bii) acquisition of Persons or interests in Persons that own or have direct or indirect interests in Projects or portfolios of Projects similar to and consistent with the types of Projects owned and/or operated by the Borrower or its Subsidiaries on the Closing Date; (ciii) expansion, renovation and redevelopment of Properties owned in whole or in part and operated by the Borrower or its Subsidiaries Subsidiaries; (div) funding of TI Work and Tenant Allowances; (ev) financing construction related to new or existing Properties owned or to be owned in whole or in part and operated by the Borrower or its Subsidiaries Subsidiaries; and (fvi) other general corporate, partnership and working capital needs of the Company, the Borrower or its their respective Subsidiaries, inclusive of repayment of Indebtedness for borrowed money; each of which purposes described in clauses (ai) through (fv) above must otherwise be lawful general corporate, partnership and working capital purposes of the Borrower.