The Phase. IN-RECOVERY PROPERTY
The Phase. In-Recovery Bonds shall be designated generally as the Phase-In-Recovery Bonds, and further denominated as Tranches [ ] through [ ].
The Phase. 2 Contract Time and adjustments thereto shall be as governed by the Agreement and the General Conditions of Contract.
The Phase. 2 Credit Agreement contemplates that the Security Trustee shall be granted securities pursuant to (1) the Project Account Charge (as defined below) as security trustee for the Secured Parties (as defined below) and (2) the Phase 2 Security Documents (as defined below) as security trustee for the Phase 2 Secured Parties (as defined below).
The Phase. I Premises shall be delivered to Tenant upon the full execution and delivery of this Lease. As contemplated by the provisions of Subsection 2.1 of Exhibit B, during such early access by Tenant to the Premises, Tenant shall be subject to the all of the terms and conditions of this Lease, except for payment of Minimum Monthly Rent and Operating Expenses, provided that Tenant shall be obligated to pay all electricity costs during such early entry period.
The Phase. I Equity Financing shall have been consummated, and the Borrower shall have received, as a common capital contribution from Holdings, gross cash proceeds of not less than $655,000,000 from the Phase I Equity Financing. The Administrative Agent shall have received copies of all instruments, agreements or other documents evidencing the Phase I Equity Financing, certified by a Financial Officer as complete and correct.
The Phase. II Improvements have been inspected and finally approved by the appropriate governmental authorities and except for building permits for construction of specific homes and related permits customarily obtained by a builder, the appropriate governmental authorities shall have issued all permits and approvals necessary to begin construction of single family homes on each of the Lots;
The Phase. I Lease is modified to provide that the rights of Tenant to a rent credit or abatement under the terms and conditions of Section 4 of the Phase I Lease are hereby terminated, waived and released, and Tenant shall have no further rights with respect thereto.
The Phase. I Owner's Title Policy as described in Section 7.1 hereof;
The Phase. 2 Option fee shall be equal to the area of Premises 1 multiplied by RUB forty one and sixty-seven kopecks (41.67)
