Examples of Real Estate Inventory in a sentence
At any time of determination ------------------------- thereof, the value of any component of Real Estate Inventory used to calculate the Borrowing Base does not exceed the GAAP Value of such component of Real Estate Inventory.
Each of the Borrower and its Restricted Subsidiaries has good record and marketable title in fee simple to all Real Estate Inventory included in the Borrowing Base, except for defects in title that do not interfere in any material respect with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes.
At any time of determination thereof, the value of any component of Real Estate Inventory used to calculate the Borrowing Base does not exceed the GAAP Value of such component of Real Estate Inventory.
Real Estate Inventory : • Cadus owns the following 13 properties, which have a current book value of $ 36 .
Management evaluates Cost of Sales (Real Estate Inventory Costs), as it represents the direct costs to develop and construct projects, and it is used in our measurement of our real estate inventory capital efficiency as we compare the cash outflow for real estate inventory spending in a given year to the Cost of Sales (Real Estate Inventory Costs) charged to expense for that same year related to sales of vacation ownership products.
All policies covering the Real Estate, Equipment and Inventory are, subject to the rights of any holders of Permitted Encumbrances holding claims senior to the Lenders, to be made payable to Lenders Agent, in case of loss, under a standard noncontributory "mortgage", "lender" or "secured party" clause and are to contain such other provisions as Lenders Agent may require to fully protect Lenders Agent's interest in the Real Estate, Inventory and Equipment and to any payments to be made under such policies.
FINANCIAL ANALYSIS Net Asset Approach – Real Estate Inventory • Of the 12 properties in the Miami area, two are improved single family residential properties located in Coconut Grove, Florida .
With respect to the Subdivision known as “Centerra”, Borrower has requested that Administrative Agent and Lenders permit Real Estate Inventory in such Subdivision be classified as Eligible Assets, notwithstanding the fact that such property is encumbered by one or more deeds of trust by Pinnacle West Homes Centerra LLC, for the benefit of Flying V.
At any time of deter ------------------------- mination thereof, the value of any component of Real Estate Inventory used to calculate the Borrowing Base does not exceed the GAAP Value of such component of Real Estate Inventory.
Notwithstanding the foregoing, each Protective Advance and the charges, costs and expenses, including reasonable attorneys’ fees, incurred or paid by Administrative Agent or Lenders in exercising any right, power or remedy conferred by this Agreement or any other Loan Document or in the enforcement thereof or the completion of Real Estate Inventory shall be charged to Borrower pursuant to Section 10.4.