Common use of Advance Limitations Clause in Contracts

Advance Limitations. The advances made by Lessor to purchase property under the Facilities (collectively, the "Acquisition Advances") and the Improvement/Expense Advances made by Lessor under Facility 2 (the Acquisition Advances and the Improvement/Expense Advances to be referred to collectively as the "Advances") shall be subject to the following limitations: (i) The aggregate amount of all Acquisition Advances made by Lessor under Facility 1 on account of all Facility 1 Property shall not exceed the sum of all Facility 1 Expiration Date Appraisals for such property; (ii) The aggregate amount of all Advances made by Lessor under Facility 2 on account of all Facility 2 Property shall not exceed the sum of all Facility 2 Expiration Date Appraisals for such property; (iii) The aggregate amount of all Acquisition Advances made by Lessor under Facility 1 on account of the Tract 2 Property, the Tract 3 Property and the Tract 4 Property acquired by Lessor under Facility 1 shall not exceed $20,500,000; (iv) The aggregate amount of all Advances made by Lessor under Facility 2 on account of the Tract 1 Property and the Facility 2 Property located on the Tract 2 Land, the Tract 3 Land and the Tract 4 Land acquired by Lessor under Facility 2 shall not exceed $77,500,000; (v) The aggregate amount of all Advances made during the period commencing on the date of this Agreement and ending on the date 364 days thereafter (the "364-Day Commitment Termination Date") shall not exceed One Hundred Twenty-Five Million Dollars ($125,000,000) (the "364-Day Commitment"); and (vi) The aggregate amount of all Advances made during the period commencing on the date of this Agreement and ending on the Commitment Termination Date (such period to be referred to as the "Commitment Period") shall not exceed One Hundred Twenty-Five Million Dollars ($125,000,000) (the "Total Commitment"). Of the Total Commitment, Zero Dollars ($0) (the "Two-Year Commitment") is available at any time during the entire Commitment Period. Each Advance under Facility 2 shall consist of a Tranche A Portion and a Tranche B Portion.

Advance Limitations. The advances made by Lessor to purchase property under the Facilities (collectively, the "Acquisition Advances") and the Improvement/Expense Advances made by Lessor under Facility 2 (the Acquisition Advances and the Improvement/Expense Advances to be referred to collectively as the "Advances") shall be subject to the following limitations: (i) The aggregate amount of all Acquisition Advances made by Lessor under Facility 1 on account of all Facility 1 Property shall not exceed the sum of all Facility 1 Expiration Date Appraisals for such property; (ii) The aggregate amount of all Advances made by Lessor under Facility 2 on account of all Facility 2 Property shall not exceed the sum of all Facility 2 Expiration Date Appraisals for such property; (iii) The aggregate amount of all Acquisition Advances made by Lessor under Facility 1 on account of the Tract 2 Property, the Tract 3 Property and the Tract 4 Property acquired by Lessor under all Facility 1 Property shall not exceed $20,500,00025,000,000; (iv) The aggregate amount of all Advances made by Lessor under Facility 2 on account of the Tract 1 Property and the all Facility 2 Property located on the Tract 2 Land, the Tract 3 Land and the Tract 4 Land acquired by Lessor under Facility 2 shall not exceed $77,500,000145,000,000; (v) The aggregate amount of all Advances made during the period commencing on the date of this Agreement and ending on the date 364 days thereafter (the "364-Day Commitment Termination Date") shall not exceed One Hundred TwentySixty-Five Million Dollars ($125,000,000165,000,000) (the "364-Day Commitment"); and (vi) The aggregate amount of all Advances made during the period commencing on the date of this Agreement and ending on the Commitment Termination Date (such period to be referred to as the "Commitment Period") shall not exceed One Hundred Twenty-Five Million Dollars ($125,000,000) (the "Total Commitment"). Of the Total Commitment, Zero Dollars ($0) (the "Two-Year Commitment") is available at any time during the entire Commitment Period. Each Advance under Facility 2 shall consist of a Tranche A Portion and a Tranche B Portion.the