Borrowing Base Components. 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.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/)
Borrowing Base Components. 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.
Appears in 1 contract
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)
Borrowing Base Components. At any time of determination 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.
Appears in 1 contract
Samples: Revolving Credit Agreement (Standard Pacific Corp /De/)
