Speculative Unit definition

Speculative Unit any Completed Unit that is not a Unit under Contract.
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Speculative Unit any Unit Under Construction that is not a Unit Under Contract and excluding all Model Units.
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Speculative Unit means any Completed Unit that is neither a Sold Unit nor a Model Unit.
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Examples of Speculative Unit in a sentence

  • The portion of any Loan advance which pertains to a Lot comprising a Speculative Unit shall not exceed ninety percent (90%) of the lesser of (i) the price paid for such Lot by Borrower, or (ii) the Appraised Value for such Lot.

  • Notwithstanding the above, in the event the Lender does not agree in its sole and absolute discretion to extend the Maturity Date prior to the date thereof, the principal amount outstanding under the Loan on the Maturity Date with respect to any Pre-Sold Unit, Speculative Unit or Inventory Lot shall be due and payable on the earlier of (i) the date calculated in accordance with Paragraph 2.2(g) of the Loan Agreement as amended or (ii) October 30, 2001.

  • Notwithstanding anything to the contrary set forth hereinabove (including Courtesy Extensions), at such time and in the event the first advance of Loan proceeds allocated for a Unit repays the principal amount outstanding with respect to an Inventory Lot, then the funds advanced for such Unit shall have a maturity date calculated from the date of the initial advance of Loan proceeds as a Pre-Sold Unit or a Speculative Unit, as applicable.

  • Additionally, as required by the Existing Purchase Agreements, specifically the Section entitled "WARRANTIES", Purchaser shall arrange for delivery of a limited warranty issued by a third party warranty company, a copy of which limited warranty shall be provided to each Backlog Unit Purchaser on the closing of said Backlog Unit, as well as to any purchaser of any Speculative Unit.

  • Last month, however, the court vacated that order and reinstated the case, concluding on the basis of new evidence that the arbitration required by the contract is unavailable.

  • Construction of any townhouse building may be commenced without meeting the Pre-Sold requirements, so long as the Speculative Unit Limit set forth hereinabove is not exceeded.

  • Purchaser agrees, as a material inducement to Seller to enter into this Agreement, to require the execution of the Addenda set forth at Exhibit M relating to sidewalks, docks, and mangroves, in connection with the sale of any Vacant Lot, Backlog Unit, or Speculative Unit.

  • Should any Speculative Unit be proposed to be sold, that is a contract entered into, with a closing to occur between the Reference Date and the Closing Date, the Purchase Price shall be reduced by the amount allocated to said Speculative Unit as shown on Exhibit C.

  • For warranty purposes, any Speculative Unit which is sold by Seller and for which the closing occurs prior to the Closing Date shall be deemed a Sold Unit hereunder.

  • Insurance coverage for each Model Unit and Speculative Unit shall be broadened to include hazard insurance, in form satisfactory to Lender.


More Definitions of Speculative Unit

Speculative Unit means any Completed Unit that is not a Unit Under Contract. Speculative Units shall not include Model Units.
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Speculative Unit means any FPSO or FSO (which may include a New Unit or a Unit Project) in relation to which:
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Speculative Unit any Unit Under Construction that is not a Unit Under Contract and excluding all Model Units. “Subordinated Debt”: (a) the Borrower’s subordinated Indebtedness listed on Schedule 4.21 hereto as Subordinated Debt, as the same may be amended from time to time pursuant to terms not substantially less subordinated to the Obligations than the Subordinated Debt being amended (as reasonably determined by the Borrower in good faith), and (b) any other Indebtedness of the Borrower or any other Loan Party which is subordinated to the Obligations at all times (including in respect of any amendment or modification thereto) pursuant to terms not substantially less subordinated to the Obligations than any then- outstanding Subordinated Debt (as reasonably determined by the Borrower in good faith). “Subsidiary”: as to any Person, a corporation, limited liability company or other entity of which shares of stock or other ownership interests having ordinary voting power (other than stock or such
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Speculative Unit. A Unit not subject to a Contract including all model Units. Unit - A Lot and the Dwelling constructed thereon together with any common elements appurtenant thereto within the Project.
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Speculative Unit means any Active Unit which is (i) not subject to an Agreement of Sale and (ii) not a Model Unit. Subsidiary of any person at any time shall mean (i) any corporation or trust of which more than 50% (by number of shares or number of votes) of the outstanding capital stock or shares of beneficial interest normally entitled to vote for the election of one or more directors or trustees (regardless of any contingency which does or may suspend or dilute the voting rights) is at such time owned directly or indirectly by such person or one or more of such person's Subsidiaries, or any partnership of which such person is a general partner, or of which more than 50% of the partnership interests are at the time directly or indirectly owned by such person or one or more of such person's Subsidiaries, and (ii) any corporation, trust, partnership or other entity which is controlled or capable of being controlled by such person or one or more of such person's Subsidiaries. Subsidiary Shares shall have the meaning assigned to such term in Section 6.1(c).
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Speculative Unit means any Housing Unit that, on any Determination Date, in not a Backlong Unit or a Model.
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Related to Speculative Unit

  • Cooperative Unit A single family dwelling located in a Cooperative Property.

  • Eligible Unit means, as of the time any Liquidating Gain is available to be allocated to an LTIP Unit or a Performance Unit, an LTIP Unit or Performance Unit to the extent, since the date of issuance of such LTIP Unit or Performance Unit, such Liquidating Gain when aggregated with other Liquidating Gains realized since the date of issuance of such LTIP Unit or Performance Unit exceeds Liquidating Losses realized since the date of issuance of such LTIP Unit or Performance Unit, as applicable.

  • Administrative unit Means an administrative unit established under the Public Sector Act 2009 and includes an administrative unit established while this Enterprise Agreement remains in force;

  • Related Futures or Options Exchange for the Index means an exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to the Index.

  • Partnership Security means any class or series of equity interest in the Partnership (but excluding any options, rights, warrants and appreciation rights relating to an equity interest in the Partnership), including without limitation, Common Units, Subordinated Units and Incentive Distribution Rights.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Incentive Units means those Partnership Interests described in Section 2 of the Incentive Unit Agreement.

  • Permitted Convertible Indebtedness Call Transaction means any Permitted Bond Hedge Transaction and any Permitted Warrant Transaction.

  • Eligible Transaction means any transaction,—

  • Hedging Transaction means any short sale (whether or not against the box) or any purchase, sale or grant of any right (including, without limitation, any put or call option) with respect to any security (other than a broad-based market basket or index) that includes, relates to or derives any significant part of its value from the Common Stock.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Eligible Transactions means any retail transactions for the purchase of goods and/or services successfully charged to your Principal Credit Card and which are posted on UOB’s systems but excluding the Excluded Transactions (as defined below). For the avoidance of doubt, Eligible Transactions made in foreign currencies will be converted into Singapore dollars based on UOB’s then prevailing exchange rate applicable at the time of exchange. The transaction amount posted in your Principal Credit Card account will be used for the purposes of computing the Qualifying Spend amount for this Promotion.

  • Partnership Unit Economic Balance means (i) the Capital Account balance of the General Partner plus the amount of the General Partner’s share of any Partner Minimum Gain or Partnership Minimum Gain, in each case to the extent attributable to the General Partner’s Partnership Units divided by (ii) the number of the General Partner’s Partnership Units.

  • Permitted Asset Swap means the concurrent purchase and sale or exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof.

  • Disclosable Pecuniary Interest means an interest of yourself, or of your partner if you are aware of your partner's interest, within the descriptions set out in Table 1 below.

  • Permitted Business Investment means any Investment made in the ordinary course of, and of a nature that is or shall have become customary in, the Oil and Gas Business including investments or expenditures for actively exploiting, exploring for, acquiring, developing, producing, processing, gathering, marketing or transporting oil, natural gas or other Hydrocarbons and minerals through agreements, transactions, interests or arrangements which permit one to share risks or costs, comply with regulatory requirements regarding local ownership or satisfy other objectives customarily achieved through the conduct of the Oil and Gas Business jointly with third parties including:

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Lodging Unit means a room or set of rooms located in a lodging house designed or intended to be used for sleeping and living accommodation, which:

  • Permitted Bond Hedge Transaction means any call or capped call option (or substantively equivalent derivative transaction) on the Parent’s common Equity Interests purchased by the Parent in connection with the issuance of any Convertible Indebtedness; provided that the purchase price for such Permitted Bond Hedge Transaction does not exceed the net proceeds received by the Parent from the sale of such Convertible Indebtedness issued in connection with the Permitted Bond Hedge Transaction.

  • Carbon dioxide equivalent or “CO2 equivalent” or “CO2e” means the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas. Global warming potential values shall be determined consistent with the definition of Carbon Dioxide Equivalent in MRR section 95102(a).

  • Disclosable transaction means any transaction in a security pursuant to which an access person would have a beneficial ownership.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • qualifying interest means the aggregate interest, discount or original issue discount receivable by a resident individual in any year of income

  • Compliant Securities means securities issued by UBS Group AG or any of its subsidiaries that have economic terms not materially less favourable to a Holder than these Terms and Conditions (as reasonably determined by the Issuer), provided that

  • person with a 0.25 per cent. interest means a person who holds, or is shown in any register or record kept by the company under the Companies Acts as having an interest in, shares in the company which comprise in total at least 0.25 per cent. in number or nominal value of the shares of the company (calculated exclusive of any shares held as treasury shares), or of any class of such shares (calculated exclusive of any shares of that class held as treasury shares), in issue at the date of service of the restriction notice;

  • Dwelling unit means a single unit providing complete, independent living facilities for one or more persons, including permanent provisions for living, sleeping, eating, cooking and sanitation.