Completed Units Clause Samples
Completed Units. A Unit at a Resort or Additional Resort which has been fully constructed and furnished, has received a valid permanent certificate of occupancy, is ready for occupancy and is subject to a Time Share Declaration.
Completed Units. Ninety percent (90%) of the GAAP Value of all Completed Units (other than Model Units); provided, however, that, the value assigned to the New Collateral Pool with respect to such Completed Units shall decrease as follows with the passage of time following the dates such Units become Completed Units: (i) 180 days following the date such Units become Completed Units the value assigned shall decrease from ninety percent (90%) to seventy-five percent (75%); and (ii) 360 days following the date that such Units become Completed Units the applicable advance rate shall decrease from seventy-five percent (75%) to twenty-five percent (25%); plus
Completed Units. A Unit at an Eligible Resort which has been fully constructed and furnished, has received a valid permanent certificate of occupancy, is ready for occupancy and is subject to a time share declaration. Computer Disk. The computer disk generated by the Servicer which provides information relating to the Trust Assets and which was used by the Sellers in selecting the Receivables conveyed to the Trust Depositor pursuant to the Sale and Contribution Agreement, and includes the master file and the history file as well as servicing information with respect to the Receivables. Consolidated EBITDA. For any period, Consolidated Net Income for such period plus without duplication and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (i) income tax expense, (ii) Consolidated Interest Expense, (iii) depreciation and amortization expense, and (iv) amortization of intangibles (including, but not limited to, goodwill). Consolidated Interest Expense. On a consolidated basis for Bluegreen and its Subsidiaries, for any period, the consolidated interest expense (net of interest income) of Bluegreen and its Subsidiaries, determined in accordance with GAAP.
Completed Units. Total Number: HOME Assisted: Enter the total number of completed units and the told number of HOME Assisted units.