Lots Under Development. Costs in connection with Lots Under Development shall include land costs, site development and soft costs (engineering, interest, etc.) paid by Borrower and its Restricted Subsidiaries, associated with the development of such lots. Administrative Costs shall be excluded from Acquisition Costs of both Developed Lots or Lots Under Development.
Appears in 2 contracts
Sources: Working Capital Line of Credit Agreement (Horton D R Inc /De/), Working Capital Line of Credit Agreement (Horton D R Inc /De/)