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, (ii) the Aggregate NOI Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio and (iii) the Aggregate Lease Payment Debt Service Coverage Ratio. The determinations made as of the Initial Closing Date shall remain unchanged until the First Anniversary. Changes in Allocable Loan Amount, Valuations, the Aggregate NOI Debt Service Coverage Ratio, the Aggregate Lease Payment Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.01(b).

Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Loan Facility Amount and Valuation for each Initial Mortgaged Property, (ii) the Aggregate NOI Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio and Ratio, (iii) the Aggregate Lease Payment Debt Service Coverage RatioInitial Advance Amount, and (iv) the Commitment amount. The determinations made as of the Initial Closing Date are set forth on Exhibit A attached hereto and shall remain unchanged until the First Anniversary. Changes in Allocable Loan Facility Amount, Valuations, the Aggregate NOI Debt Service Coverage Ratio, the Aggregate Lease Payment Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.01(b2.05(b).