Common use of Land Components Clause in Contracts

Land Components. The Borrower shall not permit Land Value to exceed, at any one time, one hundred forty-five percent (145%) of Tangible Net Worth.

Appears in 2 contracts

Samples: Credit Agreement (LGI Homes, Inc.), Credit Agreement (LGI Homes, Inc.)

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Land Components. The Borrower shall not permit Land Value to exceed, at any one time, one hundred forty-five thirty percent (145130%) of Tangible Net Worth.

Appears in 1 contract

Samples: Credit Agreement (LGI Homes, Inc.)

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Land Components. The Borrower shall not permit Land Value to exceed, at any one time, one hundred forty-five thirty percent (145130%) of Tangible Net WorthWorthReserved.

Appears in 1 contract

Samples: Credit Agreement (LGI Homes, Inc.)

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