Dwelling Lot definition

Dwelling Lot includes the Dwelling located thereon. An individual Dwelling Lot is sometimes referred to herein as a "Dwelling Lot."

Dwelling Lot means, as of any date of determination, Developed Lots with Dwelling Units which any Loan Party has designated as “Dwelling Lots” in the most recently delivered Inventory Summary Report. The term “Dwelling Lot” includes the Dwelling Unit located thereon. An individual Dwelling Lot is sometimes referred to herein as a “Dwelling Lot.”

Dwelling Lot means any lot intended for improvement with a dwelling.

Examples of Dwelling Lot in a sentence

• Any Dwelling Lots having a fully or partially constructed dwelling unit thereon which Dwelling Lot is not subject to a bona fide contract for the sale of such Dwelling Lot to a third party, excluding Developed Lots containing Dwellings used as Models.

• In the event that any such parcel is a Lot Under Development, Developed Lot or Dwelling Lot, then the Loan Funding Availability shall be immediately calculated excluding such parcel.

• A house which the Borrower or any Restricted Subsidiary has constructed or is constructing on a Developed Lot which has been designated as a Dwelling Lot.

• Subdivision lots owned by the Borrower or its Restricted Subsidiaries, subject to a recorded plat, which the Borrower has designated and the Administrative Agent has accepted to be included and are included as "Developed Lots" in the calculation of the Loan Funding Availability (exclusive of any Dwelling Lot).

• A Dwelling Lot containing a dwelling unit which is designated by the Borrower as a model unit for use in marketing and promoting the sale of Dwelling Lots.

• In the event that any such parcel is a Lot Under Development, Developed Lot, or Dwelling Lot, then the Loan Funding Availability shall be immediately calculated excluding such parcel.

• Based upon the information in the Inventory Summary Report and the other information compiled by Administrative Agent, Administrative Agent shall determine, in its reasonable discretion, whether a Lot Under Development, Developed Lot or Dwelling Lot not previously designated as part of the Loan Inventory shall be designated part of the Loan Inventory and, if so, whether such Lot Under Development, Developed Lot, or Dwelling Lot shall be designated a Lot Under Development, Developed Lot, or Dwelling Lot.

• The lot is the largest in the subdivision and is identified as a 'Multiple Dwelling Lot' in the Ocean Mia Design Guidelines.

• Once they have been there for a number of months, usually 4 to 6 months, then a full-time arrangement would be offered.

• Sale or transfer of any Private Dwelling Lot shall not affect the assessment lien.

More Definitions of Dwelling Lot

Dwelling Lot includes the Dwelling located thereon.

Dwelling Lot. Models", "Developed Lots", "Lots Under Development" and "Dwellings" will include all properties of Borrower and Restricted Subsidiaries that are situated either within or without the State of Florida.

Dwelling Lot means and refer to any lot intended for improvement with a dwelling.

Dwelling Lot means and refer to any parcel of land located within the Property which is designated for use as a site for one (1) detached residential dwelling unit, one (1) townhouse or one (1) attached Dwelling Unit.