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 3 contracts
Sources: Credit Agreement (Schuler Residential Inc), Revolving 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
Sources: Credit Agreement (Schuler Homes Inc)