Common use of Outstanding Construction Allowance Clause in Contracts

Outstanding Construction Allowance. Outstanding Construction Allowance" means at any time the amount equal to (1) the total Construction Advances made by Landlord, PLUS (2) all Carrying Costs added to the Outstanding Construction Allowance under subparagraph 6.(a)(ii) on or prior to the date in question, LESS (3) the amount (if any) of Qualified Payments paid to Landlord and applied to the Outstanding Construction Allowance on or prior to such date, and LESS (4) any payments previously made by Tenant to Landlord pursuant to subparagraph 3.(i). (bq)

Outstanding Construction Allowance. Outstanding Construction Allowance" means at any time the amount equal to (1) the total Construction Advances made by Landlord, PLUS (2) all Carrying Costs added to the Outstanding Construction Allowance under subparagraph 6.(a)(ii) on or prior to the date in question, LESS (3) the amount (if any) of Qualified Payments paid to Landlord and applied to the Outstanding Construction Allowance on or prior to such date, and LESS (4) any payments previously made by Tenant to Landlord pursuant to subparagraph 3.(i). (bqbr)