Speculative Units definition

Speculative Units means Developed Lots having fully or partially constructed Units thereon (including, at a minimum, a completed foundation for any such Unit) that are not subject to bona fide contracts for the sale of such Units to a third party, excluding Developed Lots containing Units used as Model Homes.
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Speculative Units means the residential housing units completed or under construction by SHOC as of June 26, 2001 or models constructed and owned by SHOC that are not the subject of an Existing Purchase Agreement all of which are more particularly described in Exhibit Q.
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Speculative Units means the residential housing units currently under construction by the Seller or models constructed and owned by the Seller which are the not the subject of an Existing Purchase Agreement all of which are more particularly described in Exhibit K.
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Examples of Speculative Units in a sentence

  • Model Units shall be considered Speculative Units for the purpose of these limitations and Borrower shall have no more than two (2) Model Units at any time during the term of the Loans.

  • Permit, at any time at which the Borrower does not hold an Investment Grade Credit Rating, the total number of Speculative Units to exceed 40% of the number of Units that were sold and conveyed to buyers during the previous 4 Fiscal Quarters.

  • In accordance with Section 10.02(b)(ii) of the Credit Agreement, the Requisite Lenders hereby temporarily waive the restriction set forth in Section 6.08 of the Credit Agreement limiting the sum of the Speculative Units and the Model Units to an amount not to exceed twenty-five percent (25%) of the aggregate number of unit sales, as measured during the last twelve (12) month period at the end of each fiscal year.

  • After the commencement of construction of the first two (2) Buildings, Borrower shall not commence the construction of the next Building until such time as the total number of Speculative Units completed or under construction within the Project is three (3) or less.

  • The maximum time restriction determined by the Aging Eliminations on Speculative Units and Sold Units begins at the construction start date of each Unit.

  • Lender may, but shall not be obligated to, advance Loan proceeds to fund the development or construction costs for any Units during any period when the maximum limit of Speculative Units is exceeded.

  • The Lender may, but shall not be obligated to, advance Loan proceeds to fund the development or construction costs for any Units during any period when the maximum limit of Speculative Units is exceeded.

  • The maximum aggregate amount of the Loan which may be budgeted at any time for Speculative Units (including model Units) is $1,800,000.

  • Speculative Units means any residential unit that is not a Sold Unit or a Model Unit.

  • The Borrower shall have not more than four (4) Speculative Units and two (2) model Units (“Model Units”) under construction in the first Building for which construction has commenced in the Project (the “First Building”).


More Definitions of Speculative Units

Speculative Units means the residential housing units currently under construction by the Seller or models constructed and owned by the Seller which are the not the subject of an Existing Purchase Agreement, all of which are more particularly described in Exhibit C.
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Related to Speculative Units

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

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units equal to the aggregate Purchase Price set forth opposite such Purchaser’s name under the column titled “Purchase Price” set forth on Schedule A hereto divided by the Common Unit Price.

  • Eligible interests means interests or memberships.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • 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.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class B Units means the Class B Units of the Company.

  • 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.

  • Junior Units means Common Units and any other equity securities that the Partnership may issue in the future ranking, as to the payment of distributions, junior to the Series A Preferred Units.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Voting Equity Interests means, with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right so to vote has been suspended by the happening of such a contingency.

  • Qualifying Equity Interests means Equity Interests of the Company other than Disqualified Stock.

  • 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.

  • Common Units is defined in the Partnership Agreement.

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

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

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Permitted Transactions has the meaning set forth in Section 13(B).

  • 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.

  • Private Units means (x) the Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO and (y) the additional Units that may be purchased in connection with the exercise of the over-allotment option by the underwriters in the IPO as described in the Registration Statement; (vi) “Registration Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • Common Share Equivalents means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Common Shares, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Shares.

  • LLC Units has the meaning set forth in the LLC Agreement.

  • Specified Shares means all or, as the case may be, some of the shares specified in a disclosure notice;

  • 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.

  • 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

  • Subject Securities means: (i) all securities of the Company (including all shares of Company Common Stock and all options, warrants and other rights to acquire shares of Company Common Stock) Owned by Stockholder as of the date of this Agreement; and (ii) all additional securities of the Company (including all additional shares of Company Common Stock and all additional options, warrants and other rights to acquire shares of Company Common Stock) of which Stockholder acquires Ownership during the period from the date of this Agreement through the Expiration Date.