Common use of Developed Lots Clause in Contracts

Developed Lots. Seventy percent (70%) of Lot Book Value. There shall be excluded from this subparagraph 2 Developed Lots that are included within the Borrowing Base under any other category set forth below; plus

Appears in 1 contract

Sources: Senior Secured Credit Agreement (Calton Inc)

Developed Lots. Seventy Seventy-five percent (7075%) of Developed Lot Book Value. There shall be excluded from this subparagraph 2 (b) Developed Lots that are included within the Borrowing Base under any other category set forth below; plus

Appears in 1 contract

Sources: Senior Secured Facilities Credit Agreement (Wci Communities Inc)