Reserved Allocation definition
Reserved Allocation means, for each Home included in the Borrowing Base, the difference at any time and from time to time between (i) the Loan Allocation for said Home less (ii) the principal amount with respect to such Home previously included in any Advance(s) for such Home.
Reserved Allocation means, for each Lot and Home included in the Borrowing Base, the difference at any time and from time to time between (i) the Loan Allocation for said Lot or Home LESS (ii) the principal amount with respect to such Lot and Home previously included in an Advance for the acquisition of and/or construction of Improvements on such Lot and Home.
Examples of Reserved Allocation in a sentence
Notwithstanding any other provision of this Agreement to the contrary, the sum of all outstanding Advances plus the amount of the Home Reserved Allocation for each Home financed hereunder shall not exceed the Home Loan Allocation for said Home.
Wholesale Rate - a uniform volumetric charge based on the metered delivery of water in thousands of gallons up to the City’s Reserved Allocation Billing Charge – The amount charged for water used.