Loan to Value Sample Clauses

Loan to Value. Without prejudice to the terms and conditions hereof, the Company and Gazit-Globe shall immediately notify the Bank if, on any Trading Day, the amount of the Total Unpaid Outstandings exceeds the Stop Loss Limit.

Loan to Value. The maximum principal amount of the Note does not exceed one hundred twenty-five percent (125%) of the fair market value of the Property as set forth on the appraisal of the Property delivered to Lender.

Loan to Value. The Loan to Value shall at no time exceed 30%.

Loan to Value. The maximum principal amount of the Loan does not exceed one hundred twenty-five percent (125%) of the aggregate fair market value of the Properties.

Loan to Value. (a) Borrower shall maintain a Loan to Value Ratio no greater than 60%, measured as of June 29, 2023, and June 29 of each year thereafter to the Maturity Date (this requirement, the “Loan to Value Covenant”). (b) Lender shall promptly notify Borrower of any violation of the Loan to Value Covenant, along with a table of Market Values of the various parcels of Mortgaged Land utilized by Lender for purposes of calculating the Loan to Value Ratio. (c) Following Borrower’s receipt of any notice from Lender of a violation of the Loan to Value Covenant, Borrower shall, at its option, (i) within 90 days of such receipt make a Prepayment which, if made prior to the date of measurement of the Loan to Value Ratio, would have caused Borrower to be in compliance with the Loan to Value Covenant; or (ii) within ten days of such receipt deliver notice to Lender that Borrower elects to have Lender, at Borrower’s expense, obtain a new Conforming Appraisal of all or a portion of Mortgaged Land (a “Reappraisal Notice”); or (iii) within ten days of such receipt deliver notice to Lender that Borrower will grant Lender a first lien and security interest in Additional Mortgaged Land with a Market Value sufficient to cause Borrower to be in compliance with Section 6.01(a) (an ”Additional Mortgaged Land Notice”). Farmland Partners Inc. RXXX 0000 Loan no. 202721 Loan Agreement (d) If Borrower delivers a Reappraisal Notice, Lender shall, within 90 days after the date of the Reappraisal Notice, and at Borrower’s expense obtain a new Conforming Appraisal of the Mortgaged Land (or that portion thereof specified by Borrower in the Reappraisal Notice). Promptly following receipt of such new Conforming Appraisal, Lender shall recalculate the Loan to Value Ratio using the Market Value stated therein (and, if the new Conforming Appraisal does not include all of the Mortgaged Land, previously performed Conforming Appraisals of any such excluded Mortgaged Land), and notify Borrower of the results. If such recalculated Loan to Value Ratio is sufficient to comply with the Loan to Value Covenant, no further action by Borrower is required with respect to the Loan to Value Covenant for the applicable period. However, if such recalculated Loan to Value Ratio is insufficient for such purpose, Borrower shall, within ten Business Days after receipt of notice from Lender of such insufficiency, either (i) make a Prepayment which, if made prior to the date of measurement of such recalculated Loan to Value ...

Loan to Value. The maximum principal amount of the Loan does not exceed one hundred twenty-five percent (125%) of the fair market value of the Property as set forth on the appraisals of the Property delivered to Lender.

Loan to Value. From and after the date hereof, the Borrower agrees to maintain at all times during the term of the Loan a Loan-to-Value ratio of less than or equal to eighty-five percent (85%), subject to the terms and conditions of Section 1.4.

Loan to Value. As of the Cut-Off Date, no Home Loan had a Loan-To-Value Ratio in excess of 90.00% and as of the Cut-off Date, the weighted average Loan-To-Value Ratio is _________ %;

Loan to Value. The principal amount of the Mortgage Loan will not exceed any applicable loan-to-value limits as established by FHA or VA or USDA Rural Development or the PMI Insurer or GNMA, Xxxxxxx Mac or Xxxxxx Mae, as applicable, or as permitted by the Program Manual.

Loan to Value. Shall not permit the Loan to Value (as described herein) of the Loan to be at any time greater than eighty percent (80%). “Loan to Value” means the outstanding principal amount of the Loan divided by the “as is” appraised value of the Premises (expressed as a percentage), as determined by an annual appraisal obtained by Lender and paid for by the Borrower, addressed and in form and content reasonably satisfactory to the Lender, in compliance with all applicable governmental requirements, and made by a qualified appraiser reasonably satisfactory to the Lender.