Lot Limitations. The total number of Lots Under Development and Finished Lots to be included in the Borrowing Base as of the date of any request made hereunder shall not be in excess of forty-eighty (48) (less any Lots for which Home Advances are being requested).
Appears in 3 contracts
Sources: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes), Construction Loan Agreement (William Lyon Homes)