Common use of Sold Units Clause in Contracts

Sold Units. With respect to Units owned by a Loan Party subject to Housing Purchase Contracts (but not yet closed), ninety-five percent (95%) of the difference between (x) the Unit Costs incurred by a Loan Party with respect thereto and (y) the aggregate amount of all Customer Deposit Liabilities held pursuant to each such Housing Purchase Contract which may be applied to the Unit Costs; plus

Appears in 5 contracts

Samples: Assignment and Assumption (Wci Communities Inc), Senior Term Loan Agreement (Wci Communities Inc), Credit Agreement (Wci Communities Inc)

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