Common use of Conditional Releases Clause in Contracts

Conditional Releases. Duly executed acknowledgments of payments and releases in the form of Exhibit N-2 or otherwise in form and substance reasonably satisfactory to the Bank Agent from the Lien Release Parties performing work and/or providing services (other than engineering, design, advisory or consulting) and/or providing and/or installing materials (other than Eligible FF&E), for all work, services and materials done, performed or furnished for the construction of such Secondary Project from the calendar month ending immediately prior to the Initial Standard Advance Date through the Initial Standard Advance Date for such Project, conditioned upon receiving payment from the proceeds of the requested Advance, except for work, services or materials the payment for which is being disputed in good faith, by appropriate means and with appropriate reserves through an allocation in the Anticipated Cost Report for such Secondary Project which in the aggregate with all other amounts so reserved for all Active Projects shall not exceed $100,000,000; provided, however, that (i) for purposes of determining whether such $100,000,000 limit has been exceeded, contested amounts relating to any Construction Contract that have been terminated in accordance with Section 7.1.6(a) of this Agreement shall not be counted; and (ii) the Company shall not be required to provide such acknowledgements of payments and conditional releases from any Lien Release Party with a value or contract price of less than $500,000 (subject to an aggregate limit 44 of $100,000,000 for all Active Projects, after which acknowledgements and releases shall be provided from the Construction Manager and each Lien Release Party regardless of the value or contract price of the work, services or materials being performed or provided by such Person).

Conditional Releases. Duly executed acknowledgments of payments and releases in the form of Exhibit N-2 or otherwise in form and substance reasonably satisfactory to the Bank Agent from the Lien Release Parties performing work and/or providing services (other than engineering, design, advisory or consulting) and/or providing materials and/or installing materials (other than Eligible FF&E), for all work, services and materials done, performed or furnished for the construction of such Secondary Project the Primary Projects from the calendar month ending immediately prior to the Initial Standard Advance Date through the Initial Standard Advance Date for such Project, conditioned upon receiving payment from the proceeds of the requested Advance, except for work, services or materials the payment for which is being disputed in good faith, by appropriate means and with appropriate reserves through an allocation in the Anticipated Cost Report Reports for such Secondary Project Projects which in the aggregate with all other amounts so reserved for all Active Projects shall not exceed $100,000,000; provided, however, that (i) for purposes of determining whether such $100,000,000 limit has been exceeded, contested amounts relating to any Construction Contract that have been terminated in accordance with Section 7.1.6(a) of this Agreement shall not be counted; and (ii) the Company shall not be required to provide such acknowledgements of payments and conditional releases from any Lien Release Party with a value or contract price of less than $500,000 (subject to an aggregate limit 44 of $100,000,000 for all Active Projects, after which acknowledgements and releases shall be provided from the Construction Manager and each Lien Release Party regardless of the value or contract price of the work, services or materials being performed or provided by such Person).

Conditional Releases. Duly executed acknowledgments of payments and releases in the form of Exhibit N-2 or otherwise in form and substance reasonably satisfactory to the Bank Agent from the Lien Release Parties performing work and/or providing services (other than engineering, design, advisory or consulting) and/or providing and/or installing materials (other than Eligible FF&E), for all work, services and materials done, performed or furnished for the construction of such Secondary the Four Seasons Macao Overall Project from the calendar month ending immediately prior to the Initial Standard Advance Date through the Initial Standard Advance Date for such Project, conditioned upon receiving payment from the proceeds of the requested Advance, except for work, services or materials the payment for which is being disputed in good faith, by appropriate means and with appropriate reserves through an allocation in the Anticipated Cost Report Reports for such Secondary Project which in the aggregate with all other amounts so reserved for all Active Projects shall not exceed $100,000,000; provided, however, that (i) for purposes of determining whether such $100,000,000 limit has been exceeded, contested amounts relating to any Construction Contract that have been terminated in accordance with Section 7.1.6(a) of this Agreement shall not be counted; and (ii) the Company shall not be required to provide such acknowledgements of payments and conditional releases from any Lien Release Party with a value or contract price of less than $500,000 (subject to an aggregate limit 44 of $100,000,000 for all Active Projects, after which acknowledgements and releases shall be provided from the Construction Manager and each Lien Release Party regardless of the value or contract price of the work, services or materials being performed or provided by such Person).

Conditional Releases. Duly executed acknowledgments of payments and releases in the form of Exhibit N-2 or otherwise in form and substance reasonably satisfactory to the Bank Agent from the Lien Release Parties performing work and/or providing services (other than engineering, design, advisory or consulting) and/or providing and/or installing materials (other than Eligible FF&E), for all work, services and materials done, performed or furnished for the construction of such Secondary each Active Project from the calendar month ending last day covered by the immediately prior to the Initial Standard preceding Advance Date Request through the Initial Standard last day covered by the current Advance Date for such ProjectRequest, conditioned upon receiving payment from the proceeds of the requested Advance, except for work, services or materials the payment for which is being disputed in good faith, by appropriate means and with appropriate reserves through an allocation in the Anticipated Cost Report for such Secondary Project Reports which in the aggregate with all other amounts so reserved for all Active Projects shall not exceed $100,000,000; provided, however, that (i) for purposes of determining whether such $100,000,000 limit has been exceeded, contested amounts relating to any Construction Contract that have been terminated in accordance with Section 7.1.6(a) of this Agreement shall not be counted; and (ii) the Company shall not be required to provide such acknowledgements of payments and conditional releases from any Lien Release Party with a value or contract price of less than $500,000 (subject to an aggregate limit 44 of $100,000,000 for all Active Projects, after which acknowledgements and releases shall be provided from the Construction Manager and each Lien Release Party regardless of the value or contract price of the work, services or materials being performed or provided by such Person).;