DEVELOPMENT RATIO. The Borrower shall not, and shall not permit its Subsidiaries to, allow the Development Ratio, measured as of the end of each Quarter, to be less than 1.50 to 1.
Appears in 4 contracts
Samples: Loan Documents (Schuler Homes Inc), Credit Agreement (Schuler Homes Inc), Credit Agreement (Schuler Homes Inc)
DEVELOPMENT RATIO. The Borrower shall not, and Borrowers shall not permit its Subsidiaries to, allow the Development Ratio, measured as of the end of each Quarter, to be less than 1.50 to 1.
Appears in 1 contract
Samples: Credit Agreement (Schuler Homes Inc)
