Common use of Initial Determinations Clause in Contracts

Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Loan Amount and Valuation for each Initial Mortgaged Property, and (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio. Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio, and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b).

Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Loan Amount and Valuation for each Initial Mortgaged Property, and (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio. Subject to Section 2.01(b), the determinations made as of the Initial Closing Date shall remain unchanged until the First Anniversary. Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio, Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b2.01(b).

Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Loan Facility Amount and Valuation for each Initial Mortgaged Property, and (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio, and (iii) the Initial Advance Amount and the initial Commitment amount. Changes in Allocable Loan Facility Amount, Valuations, the Aggregate Debt Service Coverage Ratio, Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b2.04(b).