Loan to Value Test Sample Clauses

Loan to Value Test. Lender shall have determined that the Loan to Value Test is satisfied.
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Loan to Value Test. The Agent shall have determined that the Loan to Value Test is satisfied.
Sample 1
Loan to Value Test. Borrower shall provide evidence that, based on new appraisals prepared in accordance with written instructions from Administrative Agent to a third party appraiser engaged directly by Administrative Agent, as of November 30, 2011, either (a) the aggregate of the outstanding principal balance of the Loan and of the Cxxxxxxxx Loan is not greater than ninety-five percent (95%) of the sum of the “as-is” value of the Property and of the Cxxxxxxxx Property, or (b) the outstanding principal balance of the Loan is not greater than eighty percent (80%) of the “as-is” value of the Property. Should the above covenant not be achieved, Borrower shall, within ten (10) Business Days after request by Administrative Agent, make a principal payment on the Loan in an amount sufficient to comply with either the ratio set forth in clause (a) of the preceding sentence or the ratio set forth in clause (b) of the preceding sentence (it being agreed that partial prepayment on the Loan can be made without premium or penalty except for any Consequential Losses which may result from such prepayment). Failure to make such principal payment within ten (10) Business Days of request by Administrative Agent shall constitute a Default.
Sample 1
Loan to Value Test. The principal amount of the Loans immediately after giving effect to the Primary Commitment Increase under this §2.10 shall not exceed sixty percent (60%) of the Appraised Value of the Mortgaged Property.
Sample 1

Related to Loan to Value Test

  • 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 Ratio The fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 6, 2016, $13,000,000, (iii) as of any date of determination during the period from October 7, 2016 through and including October 13, 2016, $17,500,000, and (iv) as of any date of determination during the period from October 14, 2016 through and including December 31, 2016, $20,000,000.

  • Minimum Availability Borrower shall have minimum availability immediately following the initial funding in the amount set forth on the Schedule.

  • LTV No Mortgage Loan has an LTV greater than 100%;

  • Adjusted Leverage Ratio The Borrower shall not permit the Adjusted Leverage Ratio as at the end of any Fiscal Quarter to be greater than the following for the respective periods set forth below: Period Adjusted Leverage Ratio Closing Date to and including March 27, 2004 3.75:1.00 March 28, 2004 to and including June 26, 2004 4.75:1.00 June 27, 2004 to and including July 2, 2005 5.60:1:00 July 3, 2005 and any time thereafter 5.25:1.00

  • APPLIED TO THE DEBT REGARDLESS OF ANY APPRAISED VALUE OF THE COLLATERAL The undersigned specifically acknowledges and affirms its waiver of appraisal rights as evidenced by its signature below.

  • Undrawn Availability After giving effect to the initial Advances hereunder, Borrowers shall have Undrawn Availability of at least $10,000,000;

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

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