Domestic Standing Inventory. Permit, as of the last day of any Fiscal Quarter that immediately follows a Fiscal Quarter on the last day of which the Consolidated Leverage Ratio was in excess of 2.25:1.00, Domestic Standing Inventory to exceed an amount equal to 15% of Net Orders received during the four most recently ended Fiscal Quarters.
Appears in 4 contracts
Samples: Revolving Loan Agreement (Kaufman & Broad Home Corp), Term Loan Agreement (Kb Home), Revolving Loan Agreement (Kb Home)