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 .
Appears in 1 contract
Speculative Homes. The Company and its Subsidiaries, shall Subsidiaries will not permit at any time its have an inventory of Speculative Homes and other dwellings built for speculation, whether now owned or hereafter acquired, to exceed $10,000,000.00 in that exceeds the aggregate sum of $31,000,000 outstanding at any time, valued at cost the lesser of Cost or market.
Appears in 1 contract
Speculative Homes. 1.2 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 12,500,000.00 in the aggregate outstanding at any time, time valued at the lesser of cost or market.
Appears in 1 contract
Speculative Homes. The Company and its Subsidiaries, shall not permit at any time its their inventory of Speculative Homes and other dwellings built for speculation, whether now owned or hereafter acquired, to exceed $10,000,000.00 20,000,000 in the aggregate outstanding at any time, valued at cost cost.
Appears in 1 contract
