Maximum Budget Allocation definition
Maximum Budget Allocation means $33,000,000.00, which is the maximum aggregate at any one time of all Home Loan Allocations and Lot Loan Allocations, plus the Letter of Credit Liability.
Examples of Maximum Budget Allocation in a sentence
In no event shall the aggregate Lot Loan Allocations, Home Loan Allocations and Letter of Credit Liability at any one time exceed the Maximum Budget Allocation of $33,000,000.00.
Upon the payment of the Release Price, the Home Loan Allocation attributable to the Home being released, or the Lot Loan Allocation attributable to the Lot being released, shall no longer be reserved against the Maximum Budget Allocation.