Financing Strategy. In the event the ratio, expressed as a percentage, of a Loan to the total appraised value of the Property, as determined by the independent third party appraiser selected by the Lender of such Loan, exceeds 40%, the Managing Member, at the time such Loan is incurred by the Company, shall present to the other Members a strategy, utilizing asset and/or revenue growth and/or loan amortization to reduce such loan to value ratio to 40% or less.
Appears in 3 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (General Growth Properties, Inc.), Limited Liability Company Agreement (General Growth Properties, Inc.)