Allocation of Advances. i. Allocations Among Hotel/Casino Component and Equipment Component. All Main Project Costs allocated pursuant to the Main Project Budget to the Hotel/Casino Component shall be paid only from Hotel/Casino Component Funding Sources (other than the Approved Equipment Funding Commitments) and all Main Project Costs allocated pursuant to the Main Project Budget to the Equipment Component shall be paid only from the GECC Commitment. The Advance Request shall specify which costs are to be reimbursed by Aladdin Bazaar pursuant to the Site Work Agreement. In furtherance of the foregoing principle, all Advances to be satisfied from the Hotel/Casino Component Funding Sources shall be made in the following order of priority: (1) First, from funds on deposit from time to time in the Borrower's Funds Account until exhausted; (2) Second, from funds on deposit from time to time in the Construction Note Disbursement Account (which funds shall be transferred by the Disbursement Agent to the Borrower's Funds Account after the purchase by Holdings of Borrower Series A Preferred Membership Interests) and, if applicable, thereafter, first from the Guaranty Deposit Account and then from the Loss Proceeds Account until exhausted; (3) Third, from the Bank Proceeds Account pari passu from the funds from time to time in the Term B Sub-Account and the Term C Sub-Account; and (4) Then, from the Term A Loan to the extent available to be drawn under the Bank Credit Facility. Notwithstanding anything to the contrary in this Disbursement Agreement (x) in no event shall any Advance of funds in the Term B Sub-Account, the Term C Sub-Account or from the Term A Loan be made (other than to reimburse the Issuer for draws under one or more Letters of Credit) until all amounts in the Construction Note Disbursement Account have been transferred to the Borrower's Funds Account and applied in accordance with this Disbursement Agreement and (y) all amounts deposited into the Borrower's Funds Account and the Loss Deposit Account pursuant to clause (a) of Section 3 of the Environmental Indemnity shall be used to pay for the Indemnified Obligations (as such term is defined in the Environmental Indemnity) in accordance with the Environmental Indemnity.
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Allocation of Advances. i. Allocations Among Hotel/Casino Component and Equipment Component. All Main Project Costs allocated pursuant to the Main Project Budget to the Hotel/Casino Component Advances shall be paid only from Hotel/Casino Component allocated among the Sites in accordance with the Funding Sources Requests. With respect to each Site, the Agent shall allocate (other than i) the Approved Equipment Funding Commitments) Transaction Expenses allocated thereto between the Land Acquisition Cost and all Main Project Costs allocated pursuant to Site Improvement Cost pro rata in the Main Project Budget to the Equipment Component shall be paid only from the GECC Commitment. The Advance Request shall specify which costs are to be reimbursed by Aladdin Bazaar pursuant proportion that each bears to the Site Work AgreementCost for such Site, and (ii) Accrued Interest and Yield allocated thereto between Land Acquisition Cost and Site Improvement Cost pro rata in proportion to the then outstanding balances of Land Acquisition Cost and Site Improvement Cost. In furtherance of Advance amounts which do not specifically relate to any one Site may be allocated and reallocated by the foregoing principle, all Advances to be satisfied from the Hotel/Casino Component Funding Sources shall be made in the following order of priority:
(1) First, from funds on deposit Lessee from time to time among the Sites in accordance with their respective Construction Budgets. Amounts due from Lessee, including Supplemental Rent (including Cost Overruns), shall be allocated to the Borrower's Funds Account until exhausted;
(2) Secondspecific Site or Sites to which such amounts relate; provided, from funds on deposit however, that if any amount does not specifically relate to any particular Site or Sites, such amount shall be allocated among the Sites pro rata in accordance with the Commitment for each of such Sites. Allocations of payments will be made based upon the source of such payment as described in Section 5(d). Specifically, without limitation, the Lessee shall maintain a ledger of the allocation of the following amounts among the Sites subject to the Master Lease from time to time in until the Construction Note Disbursement Account (which funds shall be transferred by Expiration Date, based upon the Disbursement Agent Advances allocable to the Borrower's Funds Account after the purchase by Holdings of Borrower Series A Preferred Membership Interests) and, if applicable, thereafter, first from the Guaranty Deposit Account and then from the Loss Proceeds Account until exhausted;
(3) Third, from the Bank Proceeds Account pari passu from the funds from time to time in the Term B Sub-Account and the Term C Sub-Account; and
(4) Then, from the Term A Loan to the extent available to be drawn under the Bank Credit Facility. Notwithstanding anything to the contrary in this Disbursement Agreement (x) in no event shall any Advance of funds in the Term B Sub-Account, the Term C Sub-Account or from the Term A Loan be made (other than to reimburse the Issuer for draws under one or more Letters of Credit) until all amounts in the Construction Note Disbursement Account have been transferred to the Borrower's Funds Account and applied in accordance with this Disbursement Agreement and (y) all amounts deposited into the Borrower's Funds Account and the Loss Deposit Account pursuant to clause (a) of Section 3 each of the Environmental Indemnity shall be used to pay for the Indemnified Obligations (as such term is defined in the Environmental Indemnity) in accordance with the Environmental Indemnity.Sites and allocation of payments under Section 5(d): Available Loan Commitments Available Equity Commitments Basic Rent Cost Overruns Equity Balance Equity Basic Rent Equity Amount Lease Balance Lender Basic Rent Loan Balance Participant Balance
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