Maximum Loan to Value Ratio. The Loan Parties will not permit the Loan to Value Ratio with respect to all Financed Properties to exceed 75.0% as of any Quarterly Determination Date.
Maximum Loan to Value Ratio. The ratio of (x) the principal amount of Secured Indebtedness (other than Nonrecourse Indebtedness) secured by a Lien on a Stabilized Property or a Development Property to (y) the Value of such Property, to exceed the applicable ratio in the following table at any time: Property Type Maximum Ratio Stabilized Property 0.75 to 1.00 Development Property 0.80 to 1.00
Maximum Loan to Value Ratio. Borrower agrees that (i) during the Construction Period and the Stabilization Period, the maximum loan-to-value ratio shall not exceed 70% of the prospective market value of the Property based on an MAI appraisal, and (ii) during the Permanent Period, the maximum loan-to-value ratio shall not exceed 65% of the “as-stabilized” appraised value of the Property. If Bank at any time determines that such ratios have been exceeded, Bank may make written demand on Borrower to repay principal of the Loan in an amount sufficient, in Bank’s reasonable judgment, to cause the maximum loan-to-value ratios to be met. Borrower shall make any such payment of principal within thirty (30) days after Bank’s demand.
Maximum Loan to Value Ratio. Borrower agrees that the ratio of the total committed amount of the Loan to the current "as is" value of the Property ("Current As Is Value") shall at no time exceed eighty percent (80%) (the "Maximum Loan-to-Value Ratio"). If the debt service coverage ("DSC") for the Property falls below 1. lOX DSC annually, based on the Property's actual annual net operating income ("NOI") as reported annually by Borrower, divided by the debt service on the Loan utilizing the remaining amortization schedule and the current note rate as defined in the Promissory Note, an appraisal may be required at Bank's option, but not more than annually, at Borrower's expense. For purposes of this section, Bank shall determine the Current As Is Value of the Property by an appraisal using a methodology which (i) conforms to then-current regulatory requirements, (ii) is considered by Bank to be reasonable and appropriate under the circumstances, and (iii) takes into account then-current market conditions, including vacancy factor, discount rates, and rental rates and concessions, all as determined by Bank. If Bank at any time should determine that such ratio has been exceeded, Bank may make written demand on Borrower to repay principal of the Loan in an amount sufficient in Bank's reasonable judgment to cause the Maximum Loan-to-Value Ratio to be met. Borrower shall make any such payment of principal within thirty (30) days after Bank's demand. No Prepayment Fee will be assessed on such payment.
Maximum Loan to Value Ratio. Borrower agrees that, at all times prior to repayment of the Facility 1 Loan, the Maximum Loan-to-Value Ratio shall not exceed eighty-five percent (85%). If Bank at any time should determine that such ratio has been exceeded, Bank may make written demand on Borrower to repay principal of the Facility 1 Loan in an amount sufficient in Bank’s reasonable judgment to cause the Maximum Loan-to-Value Ratio to be met. Borrower shall make any such payment of principal immediately upon Bank’s demand.
Maximum Loan to Value Ratio. The Borrower must maintain a sixty percent (60%) Maximum Loan to Value Ratio (the “Maximum LTV Ratio”) at all times during the Loan term. The Maximum LTV Ratio shall be based on the total amount of the Commitment compared to the fair market value of the Property based on the Summary Appraisal. Thereafter, the fair market value of the Property shall be adjusted upon completion of any required updated appraisal. If at any time the actual loan to value ratio exceeds the Maximum LTV Ratio, the Borrower shall elect to do either of the following to restore compliance with the Maximum LTV Ratio: 1) Pledge additional assets acceptable to the Bank, or 2) Reduce the outstanding amount under the Loan.
Maximum Loan to Value Ratio. Without limiting the provisions of Sections 2.1(1) or 2.7(6), at no time will the Borrower permit the Loan-to-Value Ratio to exceed 70%.
Maximum Loan to Value Ratio. Maintain, for a period of 2 years following the Delivery Date of each Vessel, a ratio of outstanding Loan relating to such Vessel to the Fair Market Value for such Vessel of no more than 80% , and thereafter, 74%. If the Guarantees are on a several basis, the Maximum Loan to Value Ratio is to be no more than 74% after the anniversary of the Delivery Date of each Vessel.
Maximum Loan to Value Ratio. At all times during the term of this --------------------------- Agreement, the ratio of the applicable Maximum Commitment Amount of the Line of Credit to the discounted value of the Real Property and Improvements at stabilized occupancy ("Discounted Stabilized Value") shall at no time exceed seventy percent (70%)(the "Maximum Loan-to-Value Ratio"). For purposes of this Section 9.5, Bank shall determine the Discounted Stabilized Value of the Real Property and Improvements using a methodology which (i) conforms to then-current regulatory requirements, (ii) is considered by Bank to be appropriate under the circumstances, and (iii) takes into account then-current market conditions, including vacancy factors, estimated date of stabilization, discount rates, and rental rates and concessions, all as determined by Bank.
Maximum Loan to Value Ratio. Company shall not permit the Loan to Value Ratio as of the date of delivery of the Financial Statements required to be delivered under Section 5.1(b) (Annual Financial Statements), to exceed 0.80.
