Home Construction Information. Borrower shall not be entitled to include any portion of the Land in a Borrowing Base Certificate as Presold, Spec and/or Model Homes unless and until each of the following conditions precedent have been satisfied (or waived or modified by Lender in its discretion):
Appears in 4 contracts
Samples: Credit Loan Agreement, Credit Loan Agreement (TRI Pointe Homes, Inc.), Credit Loan Agreement (William Lyon Homes)
Home Construction Information. Borrower shall not be entitled to include any portion of the Land Finished Lots in a Borrowing Base Certificate as Presold, Presold and/or Spec and/or Model Homes unless and until each of the following conditions precedent have been satisfied (or waived or modified by Lender in its reasonable discretion):
Appears in 3 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes), Construction Loan Agreement (William Lyon Homes)
Home Construction Information. Borrower shall not be entitled to include any portion of the Land in a Borrowing Base Certificate as Presold, Spec and/or Model Homes (or as High End Presold, High End Spec and/or High End Model Homes) unless and until each of the following conditions precedent have been satisfied (or waived or modified by Lender in its discretion):
Appears in 1 contract
