Homebuilding Segment definition

Homebuilding Segment means the business segment of the Company and its Subsidiaries engaged in the construction and sale of single-family attached and unattached dwellings and related activities, including all activities of the Company outside the Financial Services Segment but excluding the Limited-Purpose Subsidiaries.
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Homebuilding Segment the business segment of the Company and its Subsidiaries and Consolidated Joint Ventures engaged in the construction and sale of single family attached and unattached dwellings and related activities, which segment on the date of this Agreement consists principally of the activities of the Xxxxxx Homes Division of the Company and X. X. Xxxxx & Sons, Inc.
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Homebuilding Segment means the business segment of the Company and its Subsidiaries and their respective Consolidated Joint Ventures engaged in the construction and sale of single family attached and unattached dwellings and related activities.
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Examples of Homebuilding Segment in a sentence

  • The Company will not permit any Restricted Subsidiary within the Homebuilding Segment to issue preferred stock to any Person other than the Company.

  • The Company will promptly secure the execution and delivery of the Guaranty to the Documentation Agent on behalf of the Lenders from each Subsidiary, whether now existing or formed and organized after the Closing Date, if such Subsidiary (i) has assets with an aggregate book value equal to or greater than $1,000,000 and (ii) is included in the Homebuilding Segment.

  • Notwithstanding anything to the contrary in subsection 7.2 or subsection 7.4 hereof, the Company shall not permit any Subsidiary of the Company in the Homebuilding Segment created or acquired after the Closing Date to create, incur, assume or suffer to exist any Indebtedness which otherwise would be permitted under subsection 7.2(k) or subsection 7.4(b) hereof.

  • There has been no material adverse change in the financial condition of the Borrower and its Homebuilding Segment Subsidiaries, taken as a whole, since December 31, 2013.

  • The Company shall not permit the Senior Permitted Debt of the Homebuilding Segment to at any time exceed the Borrowing Base.

  • The sum of (a) the aggregate principal amount of outstanding senior permitted debt of the homebuilding segment plus without duplication (b) the aggregate amount of Third Party L/C Obligations of the Homebuilding Segment does not exceed the Borrowing Base.

  • The Company shall not permit the aggregate unit number of Unsold Housing Inventory of the Homebuilding Segment on a combined basis at any time to exceed the greater of (a) 50% of homes delivered by the Homebuilding Segment during the immediately preceding 12 months or (b) 70% of the homes delivered by the Homebuilding Segment during the immediately preceding six months.

  • The Company shall not permit the ratio of (a) Combined Debt of the Homebuilding Segment to (b) Adjusted Consolidated Tangible Net Worth at any time to exceed 2.50 to 1.0.

  • The aggregate principal amount of outstanding Senior Permitted Debt of the Homebuilding Segment does not exceed the Borrowing Base.

Related to Homebuilding Segment

  • Building sewer means the extension from the building drain to the public sewer or other place of disposal.

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial:

  • Project means the goods or Services described in the Signature Document or a Work Order of this Contract.

  • operating site means a site, other than an aerodrome, selected by the operator or pilot-in-command or commander for landing, take-off and/or external load operations;

  • Building Services Definitions

  • Planning area means a planning area or a development area or a local planning area or a regional development plan area, by whatever name called, or any other area specified as such by the appropriate Government or any competent authority and includes any area designated by the appropriate Government or the competent authority to be a planning area for future planned development, under the law relating to Town and Country Planning for the time being in force and as revised from time to time;

  • Construction in Progress means, as of any date, the book value (determined in accordance with GAAP) of any Projects then under development; provided that a Project shall no longer be included in Construction in Progress and shall be deemed to be a stabilized project upon the earlier of (a) the expiration of the second full fiscal quarter after substantial completion (the earlier of receipt of a temporary certificate of occupancy or a final certificate of occupancy) of such Project and (b) the last day of the fiscal quarter in which the annualized Consolidated Net Operating Income attributable to such Project divided by the Capitalization Rate exceeds the book value of such Project.

  • generating plant means the generating facility described in Schedule 1 as amended from time to time;

  • Projects means the projects identified in Exhibit A to the Agreement and all other projects, any costs of which are included in a Transitional Capital Plan pursuant to the Act or are Recovery Costs, and financed, by payment or reimbursement, with the proceeds of Bonds or Notes.

  • Basic generation service or "BGS" means electric generation

  • Power Plant means a facility for the generation of

  • Building site means a plot of land held for building purposes, whether any building is actually erected thereupon or not, and includes the open ground or courtyard enclosed by, or adjacent to, any building erected thereupon;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include: