Common use of End of Construction Advance Clause in Contracts

End of Construction Advance. The maximum amount of the End of Construction Advance shall equal 15.52% of the Retail Value of the Encumbered Timeshare Product less the total aggregate Pre-Advances previously made to date. Notwithstanding the foregoing, in no event shall the End of Construction Advance cause 15 the unpaid principal balance of the Loan to exceed the least of (X) the Maximum Loan Amount, (Y) 75% of the appraised value of the Encumbered Timeshare Product as reflected in the appraisals delivered to Lender pursuant to Sections 4.1(j) or 6.1(q) hereof, as applicable, and (Z) 65% of the Inventory Costs of the Encumbered Timeshare Product.