Common use of Interstate Land Sales Act Clause in Contracts

Interstate Land Sales Act. Borrower’s development of the Lot and the sale of each Home by Borrower are exempt from registration under and any requirements of the Interstate Land Sales Full Disclosure Act and the regulations promulgated pursuant to it.

Appears in 4 contracts

Samples: Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV), Construction Loan Agreement (United Development Funding IV)

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Interstate Land Sales Act. Borrower’s development of the Lot Mortgaged Property and the sale or lease of each Home the Mortgaged Property by Borrower are exempt from the registration under and any requirements of the Interstate Land Sales Full Disclosure Act and the regulations promulgated pursuant to itthereunder.

Appears in 1 contract

Samples: Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

Interstate Land Sales Act. Borrower’s 's development of the Lot Project and the sale or lease of each Home the Project by Borrower are exempt from the registration under and any requirements of the Interstate Land Sales Full Disclosure Act and the regulations promulgated pursuant to itthereunder.

Appears in 1 contract

Samples: Borrowing Base Loan Agreement (Wilson Holdings, Inc.)

Interstate Land Sales Act. Borrower’s development construction of the Lot Houses and A&D Improvements and the sale of each Home by Borrower Lots and/or Houses are exempt from the registration under and any requirements of the Interstate Land Sales Full Disclosure Act and the regulations promulgated pursuant to itthereunder.

Appears in 1 contract

Samples: Loan Agreement (LGI Homes, Inc.)

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Interstate Land Sales Act. Borrower’s development of the Lot Lots and the sale or lease of each Home the Lots by Borrower are exempt from the registration under and any requirements of the Interstate Land Sales Full Disclosure Act and the regulations promulgated pursuant to itthereunder.

Appears in 1 contract

Samples: Loan Agreement (Century Communities, Inc.)

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