Committed Unit Advance Limit

Committed Unit Advance Limit. Shall mean, with respect to a Committed Unit, an amount not greater than 105% of the sum of (i) the amount of unreimbursed expenditures of the Developers pursuant to the Equipment Contracts (as hereinafter defined) related to such Committed Unit, (ii) the amount of scheduled payments due or to become due by the Developers pursuant to the Equipment Contracts related to such Committed Unit during the 60 day period following the date of the Committed Unit Advance and (iii) the amount of... unreimbursed expenditures previously made by the Developers related to such Committed Unit for land, permits, engineering costs, labor, materials and other costs incurred in connection with the development and construction thereof. View More