Common use of Construction-In-Process Clause in Contracts

Construction-In-Process. Any Real Estate for which any Borrower, any Guarantor, any of the Borrowers' Subsidiaries or any Partially-Owned Entity is actively pursuing construction, renovation, or expansion of Buildings, all pursuant to such Person's ordinary course of business.

Construction-In-Process. Any Real Estate for which any Borrower, any Guarantor, any of the Borrowers' ’ Subsidiaries or any Partially-Owned Entity is actively pursuing construction, renovation, or expansion of Buildings, all pursuant to such Person's ’s ordinary course of business.