Uncommitted Land Holdings definition

Uncommitted Land Holdings means the sum of all of the following, valued at cost or market: (a) Real Estate Held for Development, (b) Lots Under Development, (c) Developed Lots, (d) Land Deposits, (e) Noncancellable Land Commitments, and (f) the Company's net equity investment in Investments in Joint Venture.
Sample 1Sample 2
Uncommitted Land Holdings means the sum of all of the following, valued at cost or market: (i) Real Estate Held for Development, (ii) Lots Under Development, (iii) Developed Lots, (iv) Land Deposits, (v) Noncancellable Land Commitments, and (vi) all real estate deposits, and noncancellable land purchase commitments which would constitute Real Estate Held For Development, Developed Lots, Lots Under Development Land Deposits, or Noncancellable Land Commitments, but for the fact that such items are owned by Approved Joint Ventures (only to the extent of the Company's net equity investment in such Approved Joint Ventures). "Land Deposits" shall mean the sum of down payments, deposits, or other funds paid pursuant to noncancellable, bona fide, arm's length contracts for the purchase of real property by the Company. "Noncancellable Land Commitments" shall mean the amount of the Company's obligations with respect to the unpaid purchase price of noncancellable contracts for the purchase of real property by the Company.
Sample 1
Uncommitted Land Holdings means the sum of all of the following, valued at cost or market: (i) Real Estate Held for Development, (ii) Lots Under Development, (iii) Developed Lots, (iv) Land Deposits, (v) Noncancellable Land Commitments, and (vi) the Company's net equity investment in Investments in Joint Venture. "Land Deposits" shall mean the sum of down payments, deposits, or other funds paid pursuant to noncancellable, bona fide, arm's length contracts for the purchase of real property by the Company. "Noncancellable Land Commitments" shall mean the amount of the Company's obligations with respect to the unpaid purchase price of noncancellable contracts for the purchase of real property by the Company.
Sample 1

Examples of Uncommitted Land Holdings in a sentence

  • The Company shall not permit the consolidated total purchases of any Uncommitted Land Holdings to exceed for each quarterly period set forth below the amount opposite such period, calculated on a trailing twelve month basis.

  • The Company and its Subsidiaries shall maintain at all times a ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth of not greater than 2.00 to 1.00.

  • The Company and its Subsidiaries shall maintain at all times a ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth of (a) not greater than 2.00 to 1.00 from the date of this Agreement through and including December 31, 1998, (b) not greater than 1.85 to 1.00 for the period beginning January 1, 1999, and continuing through and including December 31, 1999, and (c) not greater than 1.75 to 1.00 for the period beginning January 1, 2000, and continuing at all times thereafter.

  • The Company and its consolidated Subsidiaries shall maintain at all times a ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth of not greater than 1.75 to 1.00.

  • The Company and its consolidated Subsidiaries shall maintain at all times a ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth of not greater than (i) 1.75 to 1.00 beginning as of March 31, 2006, and continuing through and including September 29, 2006, (ii) 1.70 to 1.00 as of September 30, 2006, and continuing through and including December 30, 2006, and (iii) 1.55 to 1.00 as of December 31, 2006, and continuing at all times thereafter.

  • The Company and its consolidated Subsidiaries shall maintain at all times a ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth of not greater than (i) 1.90 to 1.00 continuing through March 30, 2006, and (ii) 1.75 to 1.00 as of March 31, 2006, and continuing at all times thereafter.

  • Ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth................................................................31 8.17.

  • The Company shall maintain at all times a ratio of Uncommitted Land Holdings to Tangible Net Worth of not greater than 1.75 to 1.00.

  • Ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth.........

  • The Company and its Subsidiaries shall maintain at all times a ratio of Uncommitted Land Holdings to Consolidated Tangible Net Worth of (a) not greater than 2.00 to 1.00 from the date of this Agreement through and including December 31, 1999, and (b) not greater than 1.75 to 1.00 for the period beginning January 1, 2000, and continuing at all times thereafter.


More Definitions of Uncommitted Land Holdings

Uncommitted Land Holdings is defined in Section 8.16.
Sample 1

Related to Uncommitted Land Holdings

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Initial Borrower has the meaning specified in the preamble hereto.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Original Borrower shall have the meaning set forth in the recitals hereto.

  • Mortgage Loan Borrower Related Party shall have the meaning assigned to such term in Section 13.

  • Co-Borrowers means Wholly Owned Restricted Subsidiaries organized in any Applicable Jurisdiction from time to time designated by the Borrower to the Administrative Agent as “borrowers” with respect to Borrowings in accordance with Section 11.01, and “Co-Borrower” means any one of them.

  • Committed Lenders means, for any Lender Group, the Persons executing this Agreement in the capacity of a “Committed Lender” for such Lender Group (or an assignment hereof) in accordance with the terms of this Agreement.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Material Participation means involvement in the development and operation of the project on a basis which is regular, continuous, and substantial as defined in Code Section 42 and 469(h) of the regulations promulgated hereunder.

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Plug-in hybrid electric vehicle means a motor vehicle that:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Qualified Borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Natural parent means a minor's biological or adoptive parent, and includes the minor's noncustodial parent.

  • Canadian Borrower as defined in the preamble hereto.

  • Off-vehicle charging hybrid electric vehicle (OVC-HEV) means a hybrid electric vehicle that can be charged from an external source.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • CFPC means the College of Family Physicians of Canada.

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).