Homebuilding Business definition

Homebuilding Business means the business of designing and constructing single family homes, the “Mortgage Financing Business” shall mean the origination, underwriting, closing, placement or sale of residential home mortgages (new home construction only), and the “Settlement Services Business” shall mean the brokering of title insurance and the performance of title searches related to loan closings in connection with the Mortgage Financing Business.
Sample 1Sample 2Sample 3
Homebuilding Business means homebuilding, housing construction, home sales, and related real estate activities, including the provision of mortgage financing, title insurance and other goods and services to home buyers, home owners and other occupants of homes.
Sample 1Sample 2Sample 3
Homebuilding Business and "Mortgage Financing Business" shall mean the business of designing, constructing, and/or the origination, underwriting, placement or sale of residential home mortgages at any location within any Standard Metropolitan Statistical Area (as determined by the Census Bureau, Department of Commerce, United States Government) in which is located any office of the Company which has been assigned to the Executive's area of managerial responsibility at any time within the last two years of the employment of the Executive with the Company.
Sample 1Sample 2Sample 3

Examples of Homebuilding Business in a sentence

  • The primary business of the Borrower and its Subsidiaries shall at all times be the Homebuilding Business.

  • Except as set forth on the Seller's Disclosure Schedule, (a)the Consolidated Forecast Entities have complied, in all material respects, with all applicable Laws in the conduct of its business, including, without limitation, the Homebuilding Business, and (b)no material Action has been filed or commenced against the Seller alleging a material failure to so comply.

  • The Parties will divide the businesses of the Corporation operated through its subsidiaries, in accordance with this Agreement, so that Resorts, which operates the Resort Business, will be owned by Charlie and the Homebuilding Business will continue in the Corporation which will be owned by the Homebuilding Group, and so that neither Group, after such split-off, will have any interest in the business owned by the other Group except as set forth in this Agreement.

  • The Securities Partnership has the rights to and ownership of all Intangible Property required for use in connection with the Homebuilding Business as conducted prior to the Effective Date.

  • In the event the Closing occurs prior to January 31, 2002, the Buyer shall, from the Closing Date through January 31, 2002, operate the Homebuilding Business in the ordinary course of business, which shall include the sale-leaseback of model homes.

  • Buyer and Sellers further agree to adjust appropriately the benchmark Net Worth of $215 million stated in Section 1.6 of the Agreement in order to recognize the effects of the Wellx Xxxgo Loans and the transfers of the Former Partnership Properties on the Net Worth of the Homebuilding Business of the Homebuilding Entities.

  • As of the Closing Date, the Sellers shall have all intangible rights used in the Homebuilding Business as of the Effective Date.

  • The Parties agree that the Buyer shall, simultaneously with the Closing, satisfy any and all debt relating to the Assets or the Homebuilding Business generally set forth on Schedule 1.12 (the "Debt") attached hereto.

  • Concurrently herewith, Monterey is acquiring the homebuilding business and assets (the "Homebuilding Business") of Legacy Homes Ltd.

  • Except as set forth on the Seller's Disclosure Schedule or in any environmental guarantees or indemnities existing under any lending documents relating to the Real Property or the Homebuilding Business, none of the Consolidated Forecast Entities has contractually assumed any liability or obligation under or relating to any Environmental Law.


More Definitions of Homebuilding Business

Homebuilding Business shall have the meaning set forth in Section 6.5.
Sample 1
Homebuilding Business means, as to the Borrower and its Subsidiaries, the business of developing, constructing and marketing single-family and multifamily detached or attached homes and homesites within master-planned residential communities or other parcels of land owned, acquired or developed by them, but not including the business of owning, operating, developing, constructing or marketing Resort Properties.
Sample 1

Related to Homebuilding Business

  • Doing business means engaging in any activity, whether legal or illegal, that is conducted

  • Remaining Business means all IAC Businesses other than the Spun Businesses.

  • banking business means the business of accepting deposits withdrawable or repayable on demand or after a fixed period or after notice and the employment of those deposits, in whole or in part, by lending or any other means for the account and at the risk of the person accepting the deposits;

  • home business means a business, service or profession carried out in a dwelling or on land around a dwelling by an occupier of the dwelling which –

  • Core Business means any material line of business conducted by the Company and its Subsidiaries as of the Closing Date and any business directly related thereto.

  • Real Estate Business means homebuilding, housing construction, real estate development or construction and the sale of homes and related real estate activities, including the provision of mortgage financing or title insurance.

  • Qualifying business means a business which establishes a qualifying project in this state and which is certified by the Department of Economic Opportunity to receive tax credits pursuant to this section.

  • Competing Business means any business, individual, partnership, firm, corporation or other entity which wholly or in any significant part engages in any business competing with the Business in the Restricted Area. In no event will the Company or any of its affiliates be deemed a Competing Business.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Active business operations means all business operations that are not inactive business operations.

  • Associated Business means a business that owns at least 50% of and controls, directly or indirectly, an authorized business.

  • Business Area means an adjacent area that is zoned by a state, county, township, or municipal zoning authority for industrial or commercial purposes, customarily referred to as "b" or business, "c" or commercial, "i" or industrial, "m" or manufacturing, and "s" or service, and all other similar classifications and that is within a city, village, or charter township or is within 1 mile of the corporate limits of a city, village, or charter township or is beyond 1 mile of the corporate limits of a city, village, or charter township and contains 1 or more permanent structures devoted to the industrial or commercial purposes described in this subdivision and that extends along the highway a distance of 800 feet beyond each edge of the activity. Each side of the highway is considered separately in applying this definition except that where it is not topographically feasible for a sign or sign structure to be erected or maintained on the same side of the highway as the permanent structure devoted to industrial or commercial purposes, a business area may be established on the opposite side of a primary highway in an area zoned commercial or industrial or in an unzoned area with the approval of the state highway commission. A permanent structure devoted to industrial or commercial purposes does not result in the establishment of a business area on both sides of the highway. All measurements shall be from the outer edge of the regularly used building, parking lot, or storage or processing area of the commercial or industrial activity and not from the property lines of the activities and shall be along or parallel to the edge or pavement of the highway. Commercial or industrial purposes are those activities generally restricted to commercial or industrial zones in jurisdictions that have zoning. In addition, the following activities are not commercial or industrial:

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

  • Resident Business or “Resident Contractor” means an entity that has a valid resident certificate issued by the NM Taxation and Revenue Department pursuant to Section 13-1-22 NMSA 1978.

  • Cannabis business means any business activity involving cannabis, including but not limited to cultivating, transporting, distributing, manufacturing, compounding, converting, processing, preparing, storing, packaging, delivering, testing, dispensing, retailing and wholesaling of cannabis, of cannabis products or of ancillary products and accessories, whether or not carried on for gain or profit.

  • Surviving Business Entity has the meaning assigned to such term in Section 14.2(b).

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Restricted Business has the meaning set forth in Section 6.10(a).

  • Farmland means land actively devoted to agricultural or

  • Veteran-owned business means a business that is at least 51% owned by a veteran or veterans who are U.S. citizens and who control and operate the business

  • headquarters area has the same meaning as given to the expression in the NRC Travel Directive as may be amended from time to time (« zone d’affectation »);

  • the two businesses means the FNZ business and the GBST business;

  • Company Business means the business of the Company as presently conducted.

  • Woman owned business means a woman owned business that is a continuing, independent, for profit business which performs a commercially useful function, and is at least fifty-one percent (51%) owned and controlled by one or more women; or, in the case of any publicly owned business, at least fifty-one percent (51%) of the stock of which is owned and controlled by one (1) or more women and whose management and daily business operations are under the control of one (1) or more women.