Common use of Capitalization of Base Rent During Commitment Period Clause in Contracts

Capitalization of Base Rent During Commitment Period. On each Scheduled Rent Payment Date occurring under Facility 2 during the Commitment Period, the Base Rent due under the Facility 2 Lease Agreement on such Scheduled Rent Payment Date shall be capitalized by automatically treating the amount of such Base Rent as an Improvement/Expense Advance made under Facility 2 on such Scheduled Rent Payment Date. Agent shall notify Lessor and each Participant of the amount of the Base Rent due on each such Scheduled Rent Payment Date and so treated as an Improvement/Expense Advance. Each such Improvement/Expense Advance shall be allocated to the Improvements to Tract 2.

Capitalization of Base Rent During Commitment Period. On each Scheduled Rent Payment Date occurring under Facility 2 during the Commitment Period, the Base Rent due under the Facility 2 Lease Agreement on such Scheduled Rent Payment Date and attributable to the Improvements to Tract 4 shall be capitalized by automatically treating the amount of such Base Rent as an Improvement/Expense Advance made under Facility 2 on such Scheduled Rent Payment Date. Agent shall notify Lessor and each Participant of the amount of the Base Rent due on each such Scheduled Rent Payment Date and so treated as an Improvement/Expense Advance. Each such Improvement/Expense Advance shall be allocated to the Improvements to Tract 24.