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
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Samples: Senior Term Loan Agreement (Wci Communities Inc), Senior Unsecured Revolving Credit Agreement (Wci Communities Inc), Senior Unsecured Revolving Credit Agreement (Wci Communities Inc)
Unsold Units. With respect to Unsold Units and Tower Unsold Units owned by a Loan Party, eighty sixty-five percent (8065%) of the Unit Costs or Tower Unit Costs, as applicable, incurred by a Loan Party with respect thereto; provided that Unsold Units and Tower 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 or Tower Unsold Unit; plus
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Samples: Credit Agreement (Wci Communities Inc), Term Loan Agreement (Wci Communities Inc)
Unsold Units. With respect to Unsold Units owned by a Loan Party, eighty eightyseventy-five percent (808075%) 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
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