Common use of Eligibility Date Clause in Contracts

Eligibility Date. Reclassification of Units (for example, from Spec Units to Presold Units) will not change the Unit Eligibility Date for the Unit in question.

Appears in 2 contracts

Sources: Credit Agreement (Landsea Homes Corp), Credit Agreement (Landsea Homes Corp)

Eligibility Date. Reclassification Except as set forth in Section 4.03(b) with respect to Spec Units, reclassification of Units (for example, from Spec Units to Presold Units) will not change the Unit Eligibility Date for the Unit in question.

Appears in 1 contract

Sources: Credit Agreement (Landsea Homes Corp)