Common use of Amounts Outstanding Clause in Contracts

Amounts Outstanding. The parties hereto agree that there shall be no limit on the number of Properties or the value or the cost of acquisition or construction thereof; provided that (i) at no time shall the aggregate amount of Advances outstanding with respect to Store Land Property exceed $50,000,000; (ii) the aggregate Property Cost of all the Properties must at all times equal (x) the aggregate principal amount of the Loans outstanding plus (y) the aggregate Investor Contribution; (iii) at no time shall the aggregate principal amount of the Loans outstanding exceed the aggregate Commitments; and (iv) at no time shall the aggregate Investor Contributions outstanding exceed the aggre gate Investor Commitments.

Appears in 2 contracts

Sources: Participation Agreement (Quality Food Centers Inc), Participation Agreement (Fred Meyer Inc)