Working Capital Advances. During the initial Term, Lender shall make Working Capital Advances to Borrower subject to and in accordance with the following terms and conditions: (a) Working Capital Advances for each Property shall be made in accordance with the allocations set forth in the Working Capital Budget for such Property. The Working Capital Budgets for the Properties are set forth in Schedule 2.1(5) hereof. Unless Lender otherwise consents in writing, Borrower shall not, on a cumulative, aggregate basis, reallocate more than five percent (5.0%) of the Loan funds within a Working
Appears in 3 contracts
Sources: Loan Agreement (Goldman Sachs Group Inc), Loan Agreement (McNeil Real Estate Fund Xiv LTD), Loan Agreement (Goldman Sachs Group Inc)