Model Homes definition

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 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 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.

Examples of Model Homes in a sentence

• The normal starting and finishing times for regular full time employees (other than Residential Workers and Child Care Workers working in Employer Operated Shift- Model Homes, Youth Support Workers and Facilities/Maintenance Lead) shall be from 8:30 a.m. to 4:30 p.m., Monday to Friday inclusive.

• Model Homes and advertisements, brochures, sales literature and other marketing material are for display and marketing purposes only and to give Buyer a general idea of the types of homes Seller constructs.

• The Union and the employees hereby agree that all employees including those working in Employer-operated Shift Model Homes consent to working greater than eight (8) hours per day or forty-eight (48) hours per week notwithstanding any sections of the Employment Standards Act of Ontario or as it may be amended.

• For all employees other than regular full-time Residential Workers and Child Care Workers working in Employer Operated Shift Model Homes, when any of the said holidays set out in Article 22.01 occurs on a Saturday and the said paid holiday is not designated by the Employer as being observed on some other day, the Monday immediately following such Saturday shall be deemed to be the holiday for the purposes of this Agreement.

• An employee (other than Child Care Staff, working in Employer Operated Shift Model Homes and other than “On Call” emergency workers and the Facilities/Maintenance Lead) required by their supervisor to work in excess of six and three-quarter (6 ¾) hours in a day (exclusive of the lunch period) or thirty-three and three-quarter (33 ¾) hours per week (exclusive of the lunch period) shall be compensated by time off on the basis of one times the overtime worked up to thirty-five (35) hours per week.

More Definitions of Model Homes

Model Homes is defined in Section 2.10.

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.

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, provided that the total number of units considered as Model Homes at any time shall not exceed an amount equal to (a) the number of domestic residential home communities open for sale at such time, times (b) four (4).

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. 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.

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

Model Homes means housing 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.