Common use of Advances For Resort Component Clause in Contracts

Advances For Resort Component. The (i) full amount of all Project Costs allocated pursuant to the Project Budget to the Resort Component and (ii) portion of the Project Costs allocated pursuant to the Project Budget to the FF&E Component which are to be funded from Resort Component Funding Sources pursuant to Section 2.5.1(a)(iii) above shall be made from the following sources and in the following order of priority: (a) first, from funds from time to time on deposit in the Company's Funds Account, until Exhausted; (b) then, from funds from time to time on deposit in the Second Mortgage Notes Proceeds Account, until the amount remaining in the Second Mortgage Notes Proceeds Account equals but does not exceed the Second Mortgage Notes Interest Reserve Amount; and (c) then, subject to Section 2.5.6, from funds available to be drawn under the Bank Credit Facility, until Exhausted.