Unsold Units. With respect to Unsold Units owned by a Loan Party, eighty percent (80%) of the Unit Costs incurred by a Loan Party with respect thereto; provided that Unsold Units shall be excluded from computation in the Borrowing Base under this subparagraph (d) on and after that date which is one (1) year from the date of the issuance of a certificate of occupancy for each such Unsold Unit; plus
Unsold Units. With respect to Unsold Units as to which (90) days have elapsed from the Completion Date for the Improvements in which such Units are located, fifty percent (50%) of the Adjusted Project Costs incurred by Borrower with respect thereto; provided, that such Adjusted Project Costs shall be excluded from computation in the Borrowing Base under this subparagraph (c) on and after the date that is one (1) year from the Completion Date; provided, however, that:
(i) the cost basis for any Borrowing Base asset described in subparagraphs (b) and (c) above shall not exceed its net realizable value determined in accordance with Generally Accepted Accounting Principles;
(ii) for purposes of the cost calculations in the Borrowing Base, capitalized costs such as corporate general and administrative costs and marketing costs shall be excluded; and
(iii) the portion of the Borrowing Base attributable to subparagraph (c) above shall not at any time exceed fifteen percent (15%) of the total amount of the Borrowing Base.
Unsold Units. Permit the number of Unsold Units existing as of the end of any fiscal quarter to exceed 25% of the number of Unit Closings within the four fiscal quarters ending on the last day of such fiscal quarter.
Unsold Units. With respect to Unsold Units (other than Model Units), eighty percent (80%) of the Unit Costs incurred by a Property Owner with respect thereto; provided, that Unsold Units (other than Model Units) shall be excluded from computation in the Borrowing Base under this subparagraph (b) on and after that date which is one (1) year from the date of the issuance of a certificate of occupancy for the Unsold Unit; plus
Unsold Units. In the event of the condominium being formed and registered before the sale and disposal of all the Units in the building, all the power, authorities and rights of the Unit Purchasers herein shall be always subject to the Developer over all, right to dispose of unsold Units and all other rights thereto. It is specifically agreed between the parties hereto that for the unsold Units the Developer or Owner herein shall and will not be liable or required to contribute towards the common expenses, or maintenance charges or any amount under any head towards the share in the common expenses in respect of the unsold premises / Units.
Unsold Units. Permit the number of Unsold Units existing at the end of any fiscal quarter to exceed the greater of (a) 30% of the number of Unit Closings within the four fiscal quarters ending on the last day of such fiscal quarter and (b) 60% of the number of Unit Closings within the two fiscal quarters ending on the last day of such fiscal quarter.
(l) The Commitment and Pro Rata Share of the New Lender are hereby established, the Commitments of the Decreasing Lenders are hereby reduced, and the Pro Rata Shares of the Lenders are hereby amended, all as set forth on Schedule 2.01, which is hereby amended to be in the form of Schedule 2.01 attached to this Second Amendment.
(m) Exhibit D, the Compliance Certificate, is hereby amended to be in the form of Exhibit D attached to this Second Amendment.
(n) Exhibit H, the Borrowing Base Certificate, is hereby amended to be in the form of Exhibit H attached to this Second Amendment.
Unsold Units. Purchaser acknowledges and agrees that any Units purchased by Purchaser pursuant to Section 4 of this Fourth Amendment shall be deemed to be included in the Rental Program for the purpose of Section 24 of the Third Amendment.
Unsold Units. With respect to Unsold Units owned by a Loan Party, seventy-five percent (75%) of the Unit Costs incurred by a Loan Party with respect
Unsold Units. Seller retains the right to enter into leases with any third parties for the occupancy of any Unit so retained or acquired by Seller and not sold to any Buyer.
Unsold Units. The Purchaser shall not interfere with the completion by the Vendor of other units and/or the common property. The Vendor shall complete the common property and the other units, according to its schedule of completion, and closing with respect to the Unit herein shall not be delayed on that account. Until all of the units are completed and sold, the Vendor may make such use of the unsold units and the common property as may facilitate such completion and sale, including, but not limited to, maintenance of a sales office, the display of promotional and sales signs, and the inspection of units by prospective purchasers. The Vendor may from time to time lease any unsold unit(s). 未出售单位 买方不得干扰由卖方和/或共同财产与其他单位的完成。供应商应按其计划完成公共财产和其他单位，有关此单位不应由此缘故而延误结束。卖方可能会利用未售出单位及公共财产完成促销, 直至所有单位完成及售出, 包括但不限于, 维护一个销售办公室,展示促销和销售标志、和潜在买家视察单位。卖方可能不时租赁任何未售出的单位。
