Right to Exclude/Adjust. Lender, in its discretion, may exclude Lots or Homes from the Borrowing Base, adjust the Appraised Value of Lots or Homes, and/or adjust the applicable classification of property included in the Borrowing Base if:
Appears in 3 contracts
Samples: Credit Loan Agreement (TRI Pointe Homes, Inc.), Credit Loan Agreement (William Lyon Homes), Credit Loan Agreement (William Lyon Homes)
Right to Exclude/Adjust. Lender, in its reasonable discretion, may exclude Lots or Homes from the Borrowing Base, adjust the Appraised Value Base Appraisal of such Lots or Homes, and/or adjust the applicable classification of property included in the Borrowing Base if:
Appears in 3 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (William Lyon Homes), Construction Loan Agreement (William Lyon Homes)
