Common use of Lots Under Development Clause in Contracts

Lots Under Development. Sixty-five percent (65%) of the GAAP Value of all Lots Under Development; plus

Appears in 6 contracts

Sources: Revolving Credit Agreement (Standard Pacific Corp /De/), Term Loan B Credit Agreement (Standard Pacific Corp /De/), Revolving Credit Agreement (Standard Pacific Corp /De/)

Lots Under Development. Sixty-five percent (65%) % of the aggregate GAAP Value of all Lots Under Development; plus

Appears in 1 contract

Sources: Revolving Loan Agreement (Kb Home)