Common use of Final Drawing Clause in Contracts

Final Drawing. Borrower shall have effected a Borrowing of Construction Loans in the amount of the then-remaining Available Construction Loan Commitment which shall have been disbursed (i) for purposes of funding the Completion Reserve Borrowing as required by Section 3.3(i), (ii) as provided in Section 5.1(a)(vii) of the Depositary Agreement and (iii) for any remaining amount after the disbursements in clauses (i) and (ii), to the Operating Account (collectively, the “Final Drawing”).

Final Drawing. Borrower shall have effected a Borrowing of Construction Loans in the amount of the then-remaining Available Construction Loan Commitment Commitment, if any, which shall have been disbursed (i) for purposes of funding the Completion Reserve Borrowing as required by Section 3.3(i), and (ii) as provided in Section 5.1(a)(vii) of the Depositary Agreement and (iii) for any remaining amount after the disbursements in clauses clause (i) and (ii), to the Operating Account (collectively, the “Final Drawing”).