Common use of Total Capitalization Clause in Contracts

Total Capitalization. The aggregate Term Loan Commitments are not more than 75% of the then-current estimate of Project Costs projected in the Construction Budget and Schedule as of the Upsize Closing Date to be incurred by the Obligors for the Development;

Total Capitalization. The aggregate Term Loan Commitments are not more than 75% of the then-current estimate of Project Costs projected in the Construction Budget and Schedule as of the Upsize Closing Date to be incurred by the Obligors for the Development;

Total Capitalization. The aggregate Term Loan Commitments are not more than 75% of the then-current estimate of Project Costs projected in the Construction Budget and Schedule as of the Upsize Initial Closing Date to be incurred by the Obligors for the Project Phase 1 Development;