Lot Eligibility Date definition

Lot Eligibility Date means, with respect to any each Lot (and including any Land Under Development), the date such Lot (or Land Under Development) is first included as such in a Borrowing Base Report.
Sample 1
Lot Eligibility Date means, with respect to each Lot, the date such Lot is first included as such in a Borrowing Base Report.
Sample 1
Lot Eligibility Date means, with respect to (a) each A&D Lot, the date such Lot is first included as Eligible Collateral as an A&D Lot; and (b) each Finished Lot, the date such Lot is first included as Eligible Collateral as a Finished Lot. For clarity, if an A&D Lot is re-classified to be a Finished Lot, then the Lot Eligibility Date for such Lot will thereafter be the date of such re-classification.
Sample 1

Examples of Lot Eligibility Date in a sentence

  • Each Lot included in Entitled Land shall be included in Eligible Property for the period commencing on the A&D Lot Eligibility Date and ending on the applicable A&D Lot Maturity Date for each said Lot.

  • Lots constituting Land Under Development in each Approved Subdivision may be included in the Borrowing Base as Eligible Collateral for a period of not more than twenty-four (24) Calendar Months after the first applicable Lot Eligibility Date for such Lots, subject to the Maximum Allowed Advance limitations for the aggregate amount of the Commitment Amount applicable to the Land Under Development for such Approved Subdivision.

  • Each Lot included in any Pod shall be included in Eligible Property for the period commencing on the A&D Lot Eligibility Date and ending on the applicable A&D Lot Maturity Date for each said Lot.

  • Each Developed Lot shall be included in Eligible Property for the period commencing on the A&D Lot Eligibility Date and ending on the applicable A&D Lot Maturity Date for each said Lot.

  • Each Finished Lot in an Approved Subdivision may be included as such in the Borrowing Base for not more than twelve (12) months after the applicable Lot Eligibility Date; provided, however, that in no event may any Finished Lot be included as such in the Borrowing Base beyond the Maturity Date.

  • Borrower shall commence development of any Land Under Development within nine (9) Calendar Months of the first Lot Eligibility Date with respect to such Land Under Development and shall, thereafter, prosecute such development in good faith and due diligence until completion thereof.

  • With respect to each Approved Subdivision, each A&D Lot in such Approved Subdivision shall be a Finished Lot within twenty-four (24) months after the first Lot Eligibility Date in such Approved Subdivision or such other time period as is specified in the applicable Subdivision Approval Letter.

  • Martha Van Pelt asked for a timeline to be provided so we can keep up on all things happening in the review.

  • A&D Completed Lots in each Approved Subdivision may be included in the Borrowing Base as Eligible Collateral for a period of not more than eighteen (18) Calendar Months after the first applicable Lot Eligibility Date for such A&D Completed Lots, subject to the Maximum Allowed Advance limitations for the aggregate amount of the Commitment Amount applicable to the A&D Completed Lots for such Approved Subdivision.

  • If any A&D Lots are included as Collateral for the Loan, Borrower agrees that with respect to A&D Lots, it will cause construction of the A&D Lot Improvements to be commenced no later than four (4) Calendar Months after the applicable Lot Eligibility Date.


More Definitions of Lot Eligibility Date

Lot Eligibility Date means, with respect to each A&D Lot or Finished Lot, as applicable, the date such Lot is first included as Eligible Collateral as an A&D Lot or Finished Lot.
Sample 1
Lot Eligibility Date means, with respect to each A&D Lot or Finished Lot, as applicable, the date such Lot is first included as Eligible Assets as an A&D Lot or Finished Lot.
Sample 1

Related to Lot Eligibility Date

  • Eligibility Date means, with respect to each Borrower and Guarantor and each Swap, the date on which this Agreement or any Other Document becomes effective with respect to such Swap (for the avoidance of doubt, the Eligibility Date shall be the Effective Date of such Swap if this Agreement or any Other Document is then in effect with respect to such Borrower or Guarantor, and otherwise it shall be the Effective Date of this Agreement and/or such Other Document(s) to which such Borrower or Guarantor is a party).

  • Retirement Eligibility means attainment of age 60 and completion of at least five (5) years of continuous service with the Company.

  • Eligibility Computation Period means a 12-consecutive month period beginning with your first day of employment. Any succeeding Eligibility Computation Period will then switch to the Plan Year, beginning with the Plan Year that includes your first anniversary of employment. You will generally earn an hour of service for each hour you are paid for the performance of duties for the Company (however, numerous exceptions and special rules apply).

  • Disability Date means the date on which a Participant is deemed disabled under the employee benefit plans of the Corporation applicable to the Participant.

  • Election Date has the meaning specified in Section 312(h).

  • Eligibility Waiting Period means the continuous length of time you must be in Active Employment in an eligible class to reach your Eligibility Date.

  • Waiver eligibility span means the twelve-month period following either an individual's initial waiver enrollment date or a subsequent eligibility re- determination date.

  • Initial Optional Termination Date The first Distribution Date on which the aggregate Stated Principal Balance of the Mortgage Loans is equal to or less than 10% of the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date.

  • Maximum Eligibility Number means initially zero and shall be increased upon each exercise of the Series C Warrant held by the Holder by such aggregate number of shares of Common Stock equal to 100% of the number of shares of Common Stock issued upon any such exercise of such Series C Warrant (as adjusted for stock splits, stock distributions, recapitalizations and similar events).

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Eligibility Conditions means the eligibility conditions specified in the Act and the Rules including all the eligibilityconditions listed in Clause [5] of the Tender Document.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Accrual Termination Date Not applicable.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Eligibility Determination means an approval or denial of eligibility and a renewal or termination of eligibility as set forth in OAR 410-200-0015;¶

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).

  • Starting Date means the date referred to in Clause 3.3 hereof;

  • Purchase Termination Date means the date upon which the Transferor shall cease, for any reason whatsoever, to make purchases of Receivables from the Seller under the Receivables Purchase Agreement or the Receivables Purchase Agreement shall terminate for any reason whatsoever.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Availability Termination Date means the first to occur of: (a) December 30, 2016 and (b) the date on which the Commitments are terminated or reduced to zero in accordance herewith.

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Scheduled Termination Date means the date which is 364 days after the date of this Agreement or such later date specified by the Standby Redraw Facility Provider pursuant to clause 2.3.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • SOFR Index Cessation Effective Date means, in relation to a SOFR Index Cessation Event, the date on which the Federal Reserve Bank of New York (or any successor administrator of the daily Secured Overnight Financing Rate) ceases to publish the daily Secured Overnight Financing Rate, or the date as of which the daily Secured Overnight Financing Rate may no longer be used;