Investments in Joint Ventures. The aggregate value of Guarantor’s and Borrowers’ investments in Joint Ventures or in any other entity that is not directly or indirectly wholly-owned by Guarantor shall at no time exceed fifteen (15%) percent of Guarantor’s Consolidated Adjusted Tangible Net Worth.
Appears in 3 contracts
Sources: Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc)
Investments in Joint Ventures. The aggregate value of Guarantor’s 's and Borrowers’ ' investments in Joint Ventures or in any other entity that is not directly or indirectly wholly-owned by Guarantor shall at no time exceed fifteen (15%) percent of Guarantor’s 's Consolidated Adjusted Tangible Net Worth.
Appears in 1 contract
Sources: Revolving Credit Loan Agreement (Orleans Homebuilders Inc)
Investments in Joint Ventures. The aggregate value of Guarantor’s 's and Borrowers’ ' investments in Joint Ventures or in any other entity that is not directly or indirectly wholly-owned by Guarantor shall at no time exceed fifteen (15%) percent of Guarantor’s 's Consolidated Adjusted Tangible Net Worth.
Appears in 1 contract
Sources: Revolving Credit Loan Agreement (Orleans Homebuilders Inc)