Percentage of Completion. The term “Percentage of Completion” shall mean the percentage applicable to the Stage at which a particular Unit has been developed at the time of determination (which determination shall be made by Lender in its sole discretion). Lender and Borrower hereby agree that the Percentage of Completion applicable to each Stage of construction of a Unit shall be as provided in Exhibit A attached hereto and made a part hereof.
Appears in 2 contracts
Sources: Master Construction Loan Agreement, Master Construction Loan Agreement (Wilson Holdings, Inc.)