Operator Until Execution and Delivery of Joint Venture Agreement Sample Clauses

Operator Until Execution and Delivery of Joint Venture Agreement. During the period commencing on the Option Earn-In Date and terminating at the end of the Back In Period, Duncan Park shall fund 100% of the Expenditures required to maintain the Property on an essentially care and maintenance basis until the execution and delivery of the Joint Venture Agreement, if applicable, at which point there shall be pro rata funding by the Participants. Any funding advanced by Duncan Park during such period shall be credited to Duncan Park with respect to future Joint Venture contributions, if applicable.