Speculative Homes. The Company and its Subsidiaries, shall not permit at any time its inventory of Speculative Homes and other dwellings built for speculation, whether now owned or hereafter acquired, to exceed $10,000,000.00 in the aggregate outstanding at any time, valued at cost .
Speculative Homes. The Company and its Subsidiaries will not have an inventory of Speculative Homes and other dwellings built for speculation, whether now owned or hereafter acquired, that exceeds (i) $35,000,000 in the aggregate outstanding for the period beginning December 31, 2004, through and including June 29, 2005, and (ii) $30,000,000 in the aggregate outstanding beginning June 30, 2005, and at any time thereafter, valued the at the lesser of cost or market.
Speculative Homes. The Company and its Subsidiaries, shall not permit at any time their inventory of Speculative Homes and other dwellings built for speculation, whether now owned or hereafter acquired, to exceed $12,500,000.00 in the aggregate outstanding at any time, valued at cost. In further limitation, the Company shall not, and shall not permit its Subsidiaries, at any time to have their consolidated inventories of Speculative Homes consisting of the "Independence Series" models or other new products to exceed $4,500,000.00 in the aggregate outstanding at any time, valued at cost.
Speculative Homes. The Company and its Subsidiaries, shall not permit at any time its inventory of Speculative Homes, Speculative Condominiums and other dwellings built for speculation, whether now owned or hereafter acquired, to exceed $12,500,000.00 in the aggregate outstanding at any time valued at the lesser of cost or market. In addition, the Company and its Subsidiaries shall not permit Speculative Condominiums, whether now owned or hereafter acquired, to exceed $3,000,000.00 outstanding at any time, valued at the lesser of cost or market.
Speculative Homes. 31 ARTICLE 5 NEGATIVE COVENANTS
Speculative Homes. (a) At no time from the date hereof through June 30, 1997 will the aggregate Loan Value with respect to Speculative Homes then financed by the Bank exceed an amount equal to the lesser of (x) sixty-five percent (65%) of the Commitment or (y) sixty-five percent (65%) of the aggregate Loan Value of all Homes then being financed by the Bank under the Facility on the date of calculation.
Speculative Homes. The Developer agrees to construct a minimum of six speculative homes as models at the Site within 12 months from execution of this Agreement applying a variety of floor plans and elevations. Possible floor plans and elevations to be used shall include those presented in the Proposal as well as any additional floor plans and elevations that may be selected by the Developer. An extension of 12 months or less from this timing requirement shall be authorized upon written agreement by the City. The speculative homes and all other homes approved in the Development by the Architectural Control Committee required herein shall have a minimum square footage areas of 1100 for single-story single family homes and 1500 square feet for two-story single family homes. All homes shall include garages and driveways.
Speculative Homes. SeUer shall allow Purchaser to Jump-Start approximately three (3) speculative homes Of approved} ASAP. 24d, Sidewalks.. Purchaser shall install sidewalks on the Interior of community, adjacent to Its lots, per development plan. The Seller wHI Install sidewalks in all other areas of the community per plan.
