Properties Under Development. (i) The Borrower shall not permit the aggregate Budgeted Project Costs of Properties under Development at any time to exceed twenty-five percent (25%) of Market Value.
Appears in 4 contracts
Samples: Credit Agreement (Smith Charles E Residential Realty Lp), Credit Agreement (Smith Charles E Residential Realty Lp), Credit Agreement (Smith Charles E Residential Realty Inc)
