Model Homes definition

Model Homes means housing Units which have been completed, furnished and landscaped and are used in the marketing efforts with respect to a residential home community.

Model Homes means all Units which are used as models, sales offices, or design centers to market a particular real estate development project and the contents therein.

Model Homes means all condominium units and one-to-four family residences owned by the Borrower or its Subsidiaries as part of their respective real estate development business, which are used as models or sales offices to market a particular real estate development project.

Examples of Model Homes in a sentence

• Model Homes Single-family model homes constructed on single-family lots shall pay the impact fee for a single-family dwelling unit as shown on the fee schedule (Exhibit D).

• A local agency or water supplier/purveyor shall provide information to owners of permitted renovations and new single-family residential homes regarding the design, installation, management, and maintenance of water efficient landscapes based on a water budget.(b) Model Homes.

• Detached dwellings may be temporarily physically connected while they are used as Temporary Model Homes.

• In accordance with this clause, at the Town’s discretion and subject to the execution of a Temporary Model Home Agreement, nothing in this By-law shall apply to prevent the issuance of building permits for the erection and use of Temporary Model Homes in a proposed plan of subdivision which has received draft plan approval.

• Model Homes: Individual homes may be used as model homes for the purpose of marketing and sales, otherwise model home locations on lots 1, 2, 228 and 229 are depicted on Exhibit D-6.

More Definitions of Model Homes

Model Homes means residential dwellings of the Company or its Restricted Subsidiaries that have been or are being constructed for the purpose of marketing similar dwellings and for which there is no present intention to sell, valued at the lesser of cost or market.

Model Homes is defined in Section 2.10.

Model Homes. The lesser of (i) seventy percent (70%) of Total Costs or (ii) seventy percent (70%) of the Base Appraisal for said Homes, as determined in Lender’s reasonable discretion.

Model Homes means Residential Units (unencumbered by a Lien or Liens, other than Liens permitted under Section 6.7; provided that the principal amount of Indebtedness for borrowed money secured by such Liens is included in Borrowing Base Indebtedness for the purpose of calculating the Borrowing Base Availability) which have been completed, furnished and landscaped and are used in the marketing efforts with respect to a residential home community.

Model Homes means up to 20 model homes to be constructed on the West Tract, as shown on Exhibit H.

Model Homes shall have the meaning given to it within the definition of "Land".

Model Homes. The sum of all Advances and Reserved Allocations committed but not disbursed for said Homes shall not exceed the lesser of (i) seventy-five percent (75%) of Total Project Costs, or (ii) seventy-five percent (75%) of the Base Appraisal for said Homes, subject to Lender’s approval.