Requests for Disbursement. Tenant shall submit each request for disbursement of the Requested Landlord UE Funds by delivery to Landlord of written notice of such request on the form attached hereto as Exhibit B (the “Request Form”). Tenant may request disbursement of Requested Landlord UE Funds no more than one time per calendar month and in amounts of not less than $50,000. Tenant may not request disbursement of the Requested Landlord UE Funds later than December 14, 2020; provided, however, that (i) up to $2,500,000 of the Requested Landlord UE Funds may be requested after December 14, 2020 but no later than March 14, 2021, and (ii) up to $5,000,000 of the Requested Landlord UE Funds may be requested after December 14, 2020, but no later than June 14, 2021. Tenant shall notify Landlord as soon as reasonably practicable of the amount (if any) of Requested Landlord UE Funds that Tenant expects to request after December 14, 2020 and the Subject Projects to which such Requested Landlord UE Funds relate.
Appears in 1 contract
Sources: Master Lease and Security Agreement (Brookdale Senior Living Inc.)
Requests for Disbursement. Tenant shall submit each request for disbursement of the Requested Landlord UE Funds by delivery to Landlord of written notice of such request on the form attached hereto as Exhibit B (the “Request Form”). Tenant may request disbursement of Requested Landlord UE Funds no more than one time per calendar month and in amounts of not less than $50,000. Tenant may not request disbursement of the Requested Landlord UE Funds later than December 14, 20202019; provided, however, that (i) up to $2,500,000 of the Requested Landlord UE Funds may be requested after December 14, 2020 but no later than March 14, 2021, and (ii) up to $5,000,000 of the Requested Landlord UE Funds may be requested after December 14, 2019 but no later than March 14, 2020, and (ii) up to $7,400,000 of the Requested Landlord UE Funds may be requested after December 14, 2019, but no later than June 14, 20212020. Tenant shall notify Landlord as soon as reasonably practicable of the amount (if any) of Requested Landlord UE Funds that Tenant expects to request after December 14, 2020 2019 and the Subject Projects to which such Requested Landlord UE Funds relate.
Appears in 1 contract
Sources: Master Lease and Security Agreement (Brookdale Senior Living Inc.)