Fall Foundation Lots

Fall Foundation Lots. Means, during the time period from October 1st of each calendar year continuing through and including March 31st of the immediately succeeding calendar year, those Developed Lots on which the Company has commenced the excavation of a foundation for a single family residential dwelling through the completion of such foundation, valued at the lesser of cost or market, provided, however, that no Fall Foundation Lot in excess of 200 Fall... Foundation Lots outstanding at any time shall be an Eligible Fall Foundation Lot. View More