Examples of Units Closed in a sentence
For the avoidance of doubt, for any period, the calculation of the ratio of Unsold Units to Units Closed shall give pro forma effect to the Unsold Units and Units Closed acquired by the Administrative Borrower or its Restricted Subsidiaries in connection with a Permitted Acquisition consummated during such period.
The Borrower shall maintain a ratio measured as of the last day of each fiscal quarter ending after the Effective Date of (a) the aggregate number of Units owned by the Borrower and its Restricted Subsidiaries that constitute Unsold Units to (b) Units Closed by the Borrower and its Restricted Subsidiaries, determined as of the last day of each calendar month, for the twelve months ending on such day, of not more than 1 to 4.
For the avoidance of doubt, for any period, the calculation of the ratio of Unsold Units to Units Closed shall give pro forma effect to the Unsold Units and Units Closed acquired by Borrower or its Restricted Subsidiaries in connection with a Permitted Acquisition consummated during such period.
The Borrower shall maintain at all times a ratio of (a) the aggregate number of Units owned by the Borrower and its Subsidiaries that constitute Unsold Units to (b) Units Closed by the Borrower and its Subsidiaries, determined as of the last day of each calendar month, for the twelve months ending on such day, of not more than 1 to 4.
The Borrower shall maintain a ratio of (a) the aggregate number of Model Homes owned by the Borrower and its Subsidiaries to (b) the aggregate number of Units Closed by the Borrower and its Subsidiaries, determined as of the last day of each calendar month, for the twelve months ending on such day (which compliance shall be maintained from the beginning of the first day of such twelve month period through the end of the last day of such period), of not more than 0.1 to 1.
The Administrative Borrower shall maintain a ratio measured as of the last day of each fiscal quarter ending after the Original Effective Date of (a) the aggregate number of Units owned by the Administrative Borrower and its Restricted Subsidiaries that constitute Unsold Units to (b) Units Closed by the Administrative Borrower and its Restricted Subsidiaries, determined as of the last day of each calendar month, for the twelve months ending on such day, of not more than 1 to 4.