LUD definition

LUD means a parcel of Entitled Land that is in the process of being developed into finished Lots.
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LUD or “Land Under Development” means Land owned by Mortgagor which is being developed by Mortgagor with Improvements.
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Examples of LUD in a sentence

  • The construction of the Houses, LUD and Lots shall be in compliance with all applicable Governmental Requirements.

  • The amount equal to sixty-five percent (65%) of Total Cost of such LUD.

  • Borrower shall construct or cause the construction of the Houses, LUD and Lots in a workmanlike manner.

  • The proceeds of the Borrowings shall be used by Borrower for the construction of Houses, for the acquisition and development of Land, Entitled Land, LUD and Lots for the eventual construction of Houses thereon, and for working capital in the ordinary course of business.

  • Upon Administrative Agent’s request, in connection with any Borrowing Base Report, Borrower shall furnish to Administrative Agent evidence of the Total Cost for each parcel of Entitled Land, LUD, Lot, Model House, Pre-Sold House and Spec House, in form and substance acceptable to Administrative Agent.

  • Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly make any Disposition, except (a) Dispositions of Houses, Land, Entitled Land, LUD or Lots in the ordinary course of business, or (b) Dispositions, for fair value, of worn-out and obsolete equipment not necessary or useful to the conduct of business, (c) Dispositions of golf courses, or (d) Dispositions of Houses, Land, Entitled Land, LUD or Lots to another Subsidiary.

  • Dallas/Fort Worth Terminal Airports (DFWT): ▇▇▇, ▇▇▇, ▇▇▇, ▇▇▇, ▇▇▇, ▇▇▇, DTO, F41, F46, FTW, FWS, GKY, GPM, HQZ, JWY, LNC, LUD, NFW, RBD, TKI, WEA.

  • Administrative Agent is not obligated to supervise, inspect or inform Borrower or any third party of any aspect of the construction of the Houses, LUD or Lots, or any other matter referred to above.

  • Administrative Agent is not obligated to supervise, inspect or inform B▇▇▇▇▇▇▇ or any third party of any aspect of the construction of the Houses, LUD or Lots, or any other matter referred to above.

  • The Administrative Agent is not obligated to supervise, inspect or inform the Borrower or any third party of any aspect of the construction of the Houses, LUD or Lots, or any other matter referred to above.