Common use of Total Construction Loan Commitment Clause in Contracts

Total Construction Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of all Construction Loans made by the Lenders shall not exceed the sum of (x) the lesser of (i) $143,000,000 and (ii) if such total amount is reduced by Co-Borrowers pursuant to Section 2.5.2, such lower amount plus (y) any Construction PIK Principal outstanding at any time (such amount, as it may be reduced from time to time, the “Total Construction Loan Commitment”).

Total Construction Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of all Construction Loans made by the Lenders shall not exceed the sum of (x) the lesser of (i) $143,000,000 466,500,000 and (ii) if such total amount is reduced by Co-Borrowers Borrower pursuant to Section 2.5.22.3.3, such lower amount plus (y) any Construction PIK Principal outstanding at any time (such amount, as it may be so reduced from time to time, the “"Total Construction Loan Commitment”").

Total Construction Loan Commitment. Notwithstanding anything that may be construed to the contrary in this Agreement, the aggregate principal amount of all Construction Loans made by the Lenders shall not exceed the sum of (x) the lesser of (i) $143,000,000 445,000,000 and (ii) if such total amount is reduced by Co-Borrowers pursuant to Section 2.5.2, such lower amount plus (y) any Construction PIK Principal outstanding at any time (such amount, as it may be reduced from time to time, the “Total Construction Loan Commitment”).