Common use of Pro Forma Clause in Contracts

Pro Forma. The Pro Forma is attached as Exhibit “C”. Borrower and the Borrower-Related Parties shall not make, consent to, approve, adopt or vote in favor of any modification, amendment, supplement, or other change to the Pro Forma without Lender’s prior written consent, which may be given or withheld in Lender’s sole discretion. Borrower shall cause aggregate Lot sales to occur at least by the dates forth for Lot sales in the Pro Forma.

Appears in 7 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement (United Development Funding Income Fund V)

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Pro Forma. The Pro Forma is attached as Exhibit “C”. C. Borrower and the Borrower-Related Parties shall not make, consent to, approve, adopt or vote in favor of any modification, amendment, supplement, or other change to the Pro Forma without Lender’s prior written consent, which may be given or withheld in Lender’s sole discretion. Borrower shall cause aggregate Lot sales to occur at least by the dates set forth for Lot sales in the Pro Forma.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (United Development Funding Income Fund V)

Pro Forma. The Pro Forma is attached as Exhibit “C”. C. Borrower and the Borrower-Related Parties shall not make, consent to, approve, adopt or vote in favor of any modification, amendment, supplement, or other change to the Pro Forma without Lender’s prior written consent, which may be given or withheld in Lender’s sole discretion. Borrower shall cause aggregate Lot sales to occur at least by the dates set forth for Lot sales in the Pro Forma.

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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Pro Forma. The Pro Forma is attached as Exhibit “C”. Borrower and the Borrower-Related Parties shall not make, consent to, approve, adopt or vote in favor of any modification, amendment, supplement, or other change to the Pro Forma without Lender’s prior written consent, which may be given or withheld in Lender’s sole discretion. Borrower shall cause aggregate Lot sales to occur at least by the dates forth for Lot sales in the Pro Forma.

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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