APPLICATION OF DEVELOPMENT FINANCING. PROCEEDS - To use the proceeds of the Development Financing solely for the purpose of paying for Construction Costs and such incidental costs relative to the construction as may be reasonably approved from time to time in writing by Lessor, and in no event to use any of the Development Financing proceeds for personal, corporate or other purposes.
Appears in 45 contracts
Samples: Development Financing Agreement (Aei Income & Growth Fund Xxii LTD Partnership), Development Financing Agreement (Aei Real Estate Fund Xv LTD Partnership), Development Financing Agreement (Aei Real Estate Fund Xvii Limited Partnership)
APPLICATION OF DEVELOPMENT FINANCING. PROCEEDS - To use the proceeds of the Development Financing solely for the purpose of paying for Construction Costs and such incidental costs relative to the construction as may be reasonably approved from time to time in writing by LessorXxxxxx, and in no event to use any of the Development Financing proceeds for personal, corporate or other purposes.
Appears in 2 contracts
Samples: Financing Agreement (Aei Income & Growth Fund 23 LLC), Development Financing And (Aei Real Estate Fund Xviii Limited Partnership)
