Document ID: 14744

Text:
(c) If Landlord Declines to Make Landlords MCI Financing Proposal. If Landlord declines or fails to timely submit Landlords MCI Financing Proposal, Tenant shall be permitted to either (1)use then-existing available financing or, subject to Article XVII, enter into financing arrangements with any lender, preferred equity holder and/or other third-party financing source (a Third-Party MCI Financing) for such Material Capital Improvement or (2)use Cash to pay for such Material Capital Improvement, provided, that if Tenant has not used then-existing, or entered into a new, Third-Party MCI Financing (or commenced such Material Capital Improvement utilizing Cash) by the date that is nine(9) months following delivery of Tenants MCI Intent Notice, then, prior to entering into any such Third-Party MCI Financing and/or commencing such Material Capital Improvement, Tenant shall again be required to send Tenants MCI Intent Notice seeking financing from Landlord (on the terms contemplated by this Section10.4).

Named Entities:

Tokenized Text:
(
c
)
If
Landlord
Declines
to
Make
Landlords
MCI
Financing
Proposal
.
If
Landlord
declines
or
fails
to
timely
submit
Landlords
MCI
Financing
Proposal
,
Tenant
shall
be
permitted
to
either
(
1
)
use
then-existing
available
financing
or
,
subject
to
Article
XVII
,
enter
into
financing
arrangements
with
any
lender
,
preferred
equity
holder
and
/
or
other
third-party
financing
source
(
a
Third-Party
MCI
Financing
)
for
such
Material
Capital
Improvement
or
(
2
)
use
Cash
to
pay
for
such
Material
Capital
Improvement
,
provided
,
that
if
Tenant
has
not
used
then-existing
,
or
entered
into
a
new
,
Third-Party
MCI
Financing
(
or
commenced
such
Material
Capital
Improvement
utilizing
Cash
)
by
the
date
that
is
nine
(
9
)
months
following
delivery
of
Tenants
MCI
Intent
Notice
,
then
,
prior
to
entering
into
any
such
Third-Party
MCI
Financing
and
/
or
commencing
such
Material
Capital
Improvement
,
Tenant
shall
again
be
required
to
send
Tenants
MCI
Intent
Notice
seeking
financing
from
Landlord
(
on
the
terms
contemplated
by
this
Section10
.
4
)
.