Maximum Aggregate Advance Amount definition

Maximum Aggregate Advance Amount shall have the meaning set forth in the Pricing Side Letter.
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Maximum Aggregate Advance Amount means the sum of (i) the Soft Costs provided for in the Soft Cost Budget, exclusive of the Closing Costs, the City Expenses and the Mortgage Costs, (ii) the Base Building GMP and (iii) unless City or Developer shall exercise the Space Improvements Assumption Election, the Space Improvements GMP.
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Maximum Aggregate Advance Amount shall have the meaning given in the Recitals of this Agreement.
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Examples of Maximum Aggregate Advance Amount in a sentence

  • At any time and from time to time, Borrowers may request that Lender consent to an increase of the Committed Amount, which consent may be given or withheld by Lender in its sole discretion; provided that in no event shall the Committed Amount exceed the Maximum Aggregate Advance Amount.

  • An advance and contemporaneous repayment made, or deemed to be made, pursuant to this Section 24(b) will not be considered an advance in excess of the Maximum Aggregate Advance Amount for purposes of this Agreement.

  • In no event shall the aggregate principal amount outstanding hereunder exceed the Maximum Aggregate Advance Amount less the Junior Mezzanine Advance Amount as it stands at such time.

  • No Borrower shall acquire Rental Properties located in any New Market on any date if the acquisition of such Rental Property would cause the aggregate percentage of Rental Properties acquired in New Markets (by BPO Value) as of such date to equal or exceed fifteen percent (15%) of the Maximum Aggregate Advance Amount.

  • An advance pursuant to this Section 24(b) will not reduce the amount Borrower is entitled to draw under this Agreement and the Senior Mezzanine Loan Agreement, it being the intent of Lender and Borrower that Borrower will be entitled to obtain advances up to the Maximum Aggregate Advance Amount.

  • Under this Agreement and the Junior Mezzanine Loan Agreement, Lender may advance to Borrower an aggregate maximum principal amount up to, but not in excess of, the Maximum Aggregate Advance Amount.

  • In no event shall the aggregate principal amount outstanding hereunder exceed the Maximum Aggregate Advance Amount less the Senior Mezzanine Advance Amount as it stands at such time.

  • An advance pursuant to this Section 24(b) will not reduce the amount Borrower is entitled to draw under this Agreement and the Junior Mezzanine Loan Agreement, it being the intent of Lender and Borrower that Borrower will be entitled to obtain advances up to the Maximum Aggregate Advance Amount.

  • Under this Agreement and the Senior Mezzanine Loan Agreement, Lender may advance to Borrower an aggregate maximum principal amount up to, but not in excess of, the Maximum Aggregate Advance Amount.

  • Subject to the terms and conditions set forth herein, Lender agrees that it shall make Advances secured by Eligible Rental Properties to Borrowers from time to time prior to the occurrence and continuance of an Event of Default in an aggregate principal amount that will not result in the Aggregate Advance Amount for all Financed Rental Properties securing outstanding Advances under this Agreement to exceed the Maximum Aggregate Advance Amount.

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