Common use of Procedures for Funding Clause in Contracts

Procedures for Funding. 5 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 5.7. Restrictions on Liens...........................................15 5.8. [Reserved]......................................................15 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 .............................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 .............................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ...................................................................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications..................................................................................14 5.7. Restrictions on Liens...........................................15 ..............................................................................14 5.8. [Reserved]......................................................15 Punch List Items...................................................................................14 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................Joinder Agreement Requirements.....................................................................14

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 .................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 .........................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ....................................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ...........................13 5.7. Restrictions on Liens...........................................15 ..........................................................................14 5.8. [Reserved]......................................................15 Payments.......................................................................................14 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................Cash Collateral Account........................................................................14

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.................................... 7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 ........................................ 11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ............... 13 5.6. The Construction Agent Delivery of Construction Budget Modifications..................................................................................................... 14 5.7. Restrictions on Liens...........................................15 ............................................ 14 5.8. [Reserved]......................................................15 Payments......................................................... 14 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments........................................................................................... 15 5.125.10. Pay-Out Joinder Agreement Requirements.................................. 15 5.11. Property Cost as of Lenders and Holders Not Consenting to any Renewal. Term............................................................the Rent Commencement Date.................. 15

Procedures for Funding. 5 3 5.3. Conditions Precedent for the Lessee, the Lessor, the Agent, the Lenders Agent and the Holders Primary Financing Parties Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a the Property.......................7 ......................................................................................... 5 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders Agent and the Holders Tranche B Lenders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 ................................................... 10 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ................................ 11 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ............................. 12 5.7. Restrictions on Liens...........................................15 ............................................................................ 12 5.8. [Reserved]......................................................15 Reserved]....................................................................................... 13 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 [Reserved]....................................................................................... 13 5.10. Payments........................................................15 ......................................................................................... 13 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 Extension of Construction Period Termination Date................................................ 13 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................

Procedures for Funding. 5 7 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 .............9 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 .............................................15 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ........................................................................17 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ...........................18 5.7. Restrictions on Liens...........................................15 ..........................................................................18 5.8. [Reserved]......................................................15 Joinder Agreement Requirements.................................................................19 5.9. Maintenance of Special Provision Regarding the Lessee as a Wholly-Owned Entity..............15 Little Rock Property...........................................19 5.10. Payments........................................................15 .......................................................................................19 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term.............................................................................20

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property..............................................................................7 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 .................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ...........................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications..............................................................14 5.7. Restrictions on Liens...........................................15 ..........................................................14 5.8. [Reserved]......................................................15 Payments.......................................................................14 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments...........................................................................................................14 5.10. Joinder Agreement Requirements................................................15 5.125.11. Pay-Out Property Cost as of Lenders and Holders Not Consenting to any Renewal. Term............................................................the Rent Commencement Date................................16 SECTION 6.

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessee, the Lessor, the Agent, the Lenders Agent and the Holders Primary Financing Parties Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a the Property.......................7 ........................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders Agent and the Holders Tranche B Lenders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 ........................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ................................................12 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ...........................................13 5.7. Restrictions on Liens...........................................15 ............................................14 5.8. [Reserved]......................................................15 .......................................................14 5.9. Maintenance Extension of the Lessee as a Wholly-Owned Entity..............15 Construction Period Termination Date................14 5.10. Payments........................................................15 .........................................................14 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 Cash Collateral Account..........................................14 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term.............................................................

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 ................................................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 ..........................................................11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 .................................................................................12 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ...............................13 5.7. Restrictions on Liens...........................................15 ..............................................................................13 5.8. [Reserved]......................................................15 Payments...........................................................................................14 5.9. Maintenance Payment of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................Bridge Financing - Initial Closing Date.................................................14 SECTION 6.

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 ......................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 .............11 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ............................................12 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ..........13 5.7. Restrictions on Liens...........................................15 5.8. [Reserved]......................................................15 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. .........................................................13 5.8 Joinder Agreement Requirements.................................................13 5.9 Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term...................................................................................................................................14 SECTION 6.

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 .............6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.....................................................................................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Punch List Completion Date...................................................14 5.6. The Construction Agent Delivery of Construction Budget Modifications.....................................................................................................14 5.7. Restrictions on Liens.......................................................................................15 5.8. [Reserved]......................................................Payments.........................................................15 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments...........................................................................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................5.10

Procedures for Funding. 5 4 5.3. Conditions Precedent for to the Lessor, the Agent, the Lenders Holders' and the Holders Relating Lenders' Obligations to advance funds on the Initial Closing Date and the Advance of Funds or funds for the Acquisition of a Property.......................7 ......................................................................................6 5.4. Conditions Precedent to the Holders' and the Lenders' Obligations to Make Construction Fundings for the Lessor, Commencement of Construction of any Improvements.................................................................................11 5.5. Conditions to the Agent, the Lenders Holders' and the Holders Relating Lenders' Obligations to Make Construction Fundings for the Ongoing Construction on any Property Prior to the Advance of Funds after the Acquisition Advance.........................................................12 5.5Construction Period Termination Date............................................13 5.6. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date............................................................14 5.65.7. The Construction Agent Delivery of Allocation Notice and Construction Budget Modifications............................................................................................................................14 5.7. Restrictions on Liens...........................................15 5.8. [Reserved]......................................................Inspection of Documents; Hold Harmless; Removal of Properties................................15 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Holder Commitments................................................................................................................................15 5.125.10. Pay-Out Expansion of Lenders and Holders Not Consenting to any Renewal. Term............................................................Improvements for a Completed Property...........................................15 5.11.

Procedures for Funding. 5 4 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 ..........................................................6 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance............................................................................12 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ...........................................13 5.6. The Construction Agent Delivery of Construction Budget Modifications....................................................................14 5.7. Restrictions on Liens...........................................15 ................................................................14 5.8. [Reserved]......................................................15 Intentionally Omitted]..............................................................14 5.9. Maintenance [Intentionally Omitted]..............................................................14 5.10. Payments.............................................................................14 5.11. Consent of the Lessee as a Wholly-Owned Entity..............to Grant of Lien in Ground Leasehold Interests.................15 5.105.12. Payments........................................................Minimum of Three Percent in Holder Commitments.......................................15 5.115.13. Unilateral Right to Increase the Holder Commitments and the Lender Commitments.....................................................................................................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term............................................................SECTION 6.

Procedures for Funding. 5 3 5.3. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 ...................................................5 5.4. Conditions Precedent for the Lessor, the Agent, the Lenders and the Holders Relating to the Advance of Funds after the Acquisition Advance.........................................................12 ....................................................................................8 5.5. Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 ..........................................................................................................9 5.6. The Construction Agent Delivery of Construction Budget Modifications...................................................14 ................................................10 5.7. Restrictions on Liens...........................................15 ...............................................................................................10 [5.8. [Reserved]......................................................15 Reserved.].........................................................................................................10 5.9. Maintenance of the Lessee as a Wholly-Owned Entity..............15 ..................................................................10 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term.......................................................................................................................................................................10 SECTION 6.

Procedures for Funding. 5 5.3. 4 5.3 Conditions Precedent for the Lessor, the Agent, the Lenders Lessor and the Holders Bank Relating to the Initial Closing Date and the Advance of Funds for the Acquisition of a Property.......................7 5.4. ....................................................... 5 5.4 Conditions Precedent for the Lessor, the Agent, the Lenders Lessor and the Holders Bank Relating to the Advance of Funds funds after the Acquisition Advance.........................................................12 5.5. ...................... 9 5.5 Additional Reporting and Delivery Requirements on Completion Date and on Construction Period Termination Date.....................14 5.6. ......................... 10 5.6 The Construction Agent Delivery of Construction Budget Modifications...................................................14 5.7. ....................................................... 11 5.7 Restrictions on Liens...........................................15 5.8. [Reserved]......................................................15 5.9. ............................................... 11 5.8 Payments............................................................ 11 5.9 Joinder Agreement Requirements...................................... 11 5.10 Maintenance of the Lessee as a Wholly-Owned Entity..............15 5.10. Payments........................................................15 5.11. Unilateral Right to Increase the Holder Commitments and the Lender Commitments..............................................15 5.12. Pay-Out of Lenders and Holders Not Consenting to any Renewal. Term.............................................................................