Loan Inventory. Shall consist of Lots Under Development, Developed Lots, and Dwelling Lots which are not encumbered by a lien or liens (other than any Permitted Encumbrance) and which have been designated as Loan Inventory to be utilized for the purpose of calculating Funding Availability under this Agreement.
Appears in 1 contract
Sources: Working Capital Line of Credit Agreement (Horton D R Inc /De/)
Loan Inventory. Shall consist of Lots Under Development, Developed Lots, and Dwelling Lots which are not encumbered by a lien Lien or liens Liens (other than any Permitted Encumbrance) and which have been designated as Loan Inventory to be utilized for the purpose of calculating Funding Availability under this Agreement.
Appears in 1 contract
Sources: Working Capital Line of Credit Agreement (Horton D R Inc /De/)