Common use of Unit Ineligibility Clause in Contracts

Unit Ineligibility. Except to the extent permitted in the case of an extension of the Maturity Date to the Holdover Maturity Date pursuant to Section 2.5, in no event may any Unit be included in Eligible Assets beyond the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Landsea Homes Corp)

Unit Ineligibility. Except to the extent permitted in the case of an extension of the Maturity Date to the Holdover Maturity Date pursuant to Section 2.52.03, in no event may any Unit be included in Eligible Assets beyond the Maturity Date.

Appears in 1 contract

Sources: Credit Agreement (Landsea Homes Corp)