Units Under Construction definition
Units Under Construction. Units where on-site construction has commenced as evidenced by the trenching of foundations for such Units, other than Units Under Contract.
Units Under Construction means Units for which building permits have been issued where on-site construction has commenced on a Finished Lot as evidenced by the trenching of foundations for such Units.
Units Under Construction. The real property description for each Unit Under Construction is set forth on Exhibit 8.17 hereto. All construction performed on or before the date of this Agreement with respect to construction of each Unit Under Construction has been performed within the boundaries of that portion of Borrower's Real Property on which such Unit Under Construction is being constructed ("UNIT UNDER CONSTRUCTION PREMISES"). Such construction has been fully paid for, to the extent due, and no lien for labor, material or supplies has been asserted, or threatened, against any Unit Under Construction or any Unit Under Construction Premises, except for liens constituting a Permitted Encumbrance and liens that have been released. To the knowledge of Borrower after due inquiry, there is no structural defect in the construction of any Unit Under Construction. To the knowledge of Borrower after due inquiry, no material violation of the laws, regulations, or requirements of any governmental authority exists with respect to the construction of any Unit Under Construction. The anticipated use of each Unit Under Construction complies, in all material respects, with applicable zoning ordinances, regulations and restrictive covenants affecting the Unit Under Construction Premises.
Examples of Units Under Construction in a sentence
Total Housing Units Under Construction --------------- ------------- Presold Units --------------- ------------- Models --------------- ------------- Spec Units --------------- ------------- Models and Specs Maximum = (10 Models and 15 Specs) --------------- ------------- Notices The following notices have been provided to U.S. Bank ------- National Association and remain effective as of the date hereof: None.
More Definitions of Units Under Construction
Units Under Construction means any Units as to which any on-site, above-ground (E.G., framing) construction has commenced.
Units Under Construction those Units (one Weaned Pig Unit in Yuma County, Colorado and one Weaned Pig Unit in Wayne County, Illinois) as to which Borrower, as of the Closing Da▇▇, ▇s entitled to further disbursements under the Existing Term Loan and the Existing Revolving Loan.