Lien Free Completion. Borrower shall cause Completion, in accordance with each applicable Development Plan (subject to Force Majeure) and each applicable Project Budget, of all lot development improvements on Lots Under Development necessary to re-classify such Lots to Finished Lots and all Homes in the Borrowing Base on which vertical construction has commenced but has not yet been completed.
Appears in 2 contracts
Sources: Revolving Credit Agreement (New Home Co LLC), Revolving Credit Agreement (TRI Pointe Homes, Inc.)