Common use of Use of Proceeds for Letters of Credit Clause in Contracts

Use of Proceeds for Letters of Credit. The Letters of Credit shall be used by the Company, a Restricted Subsidiary or any Approved Joint Venture (i) to support bonding requirements for real estate site improvements or maintenance in favor of various municipal entities, (ii) to secure the Company's, a Restricted Subsidiary's or any Approved Joint Venture's contractual performance with respect to the Company's land and lot development activities, (iii) to secure the Company's, a Restricted Subsidiary's or any Approved Joint Venture's contractual performance in connection with land acquisition activities, and (iv) to provide admitted capital in connection with the Insurance Sub, subject to the limitations set forth in this Agreement.

Use of Proceeds for Letters of Credit. The Letters of Credit shall be used by the Company, a Restricted Subsidiary or any Approved Joint Venture (i) to support bonding requirements for real estate site improvements or maintenance in favor of various municipal entities, (ii) to secure the Company's’s, a Restricted Subsidiary's ’s or any Approved Joint Venture's ’s contractual performance with respect to the Company's land and lot development activities, (iii) to secure the Company's’s, a Restricted Subsidiary's ’s or any Approved Joint Venture's ’s contractual performance in connection with land acquisition activities, and (iv) to provide admitted capital in connection with the any Insurance SubSub that is a Restricted Subsidiary, subject to the limitations set forth in this Agreement.

Use of Proceeds for Letters of Credit. The Letters of Credit shall be used by the Company, a Restricted Subsidiary or any Approved Joint Venture (i) to support bonding requirements for real estate site improvements or maintenance in favor of various municipal entities, (ii) to secure the Company's, a Restricted Subsidiary's or any Approved Joint Venture's contractual performance with respect to the Company's land and lot development activities, (iii) to secure the Company's, a Restricted Subsidiary's or any Approved Joint Venture's contractual performance in connection with land acquisition activities, and (iv) to provide admitted capital in connection with the any Insurance SubSub that is a Restricted Subsidiary, subject to the limitations set forth in this Agreement.

Use of Proceeds for Letters of Credit. The Letters of Credit shall be used by the Company, a Restricted Subsidiary or any Approved Joint Venture (i) to support bonding requirements for real estate site improvements or maintenance in favor of various municipal entities, (ii) to secure the Company's, a Restricted Subsidiary's or any Approved Joint Venture's contractual performance with respect to the Company's land and lot development activities, and (iii) to secure the Company's, a Restricted Subsidiary's or any Approved Joint Venture's contractual performance in connection with land acquisition activities, and (iv) to provide admitted capital in connection with the Insurance Sub, subject to the limitations set forth in this Agreement.