Common use of Construction in Progress Clause in Contracts

Construction in Progress. The aggregate rentable square footage of Construction-in-Progress that is not subject to signed leases between the applicable Borrower Party and the tenant for such space shall not at any time exceed ten percent (10%) of the aggregate rentable square footage of the Real Property. In addition, the aggregate rentable square footage of all Construction-in-Progress shall not at any time exceed twenty percent (20%) of the aggregate rentable square footage of the Real Property.

Construction in Progress. The aggregate rentable square footage of Construction-in-Progress that is in not subject to signed leases between the applicable Borrower Party and the tenant for such space shall not at any time exceed ten percent (10%) of the aggregate rentable square footage of the Real Property. In addition, the aggregate rentable square footage of all Construction-in-In- Progress shall not at any time exceed twenty fifteen percent (2015%) of the aggregate rentable square footage of the Real Property.”