Sublimits. Notwithstanding anything to the contrary set forth herein, Borrower may borrow hereunder only to the extent that after giving effect to such borrowing (collectively, the “Sublimits”): 2.1.4.1 the Property LTV Ratio shall not exceed the Maximum Property LTV Ratio; 2.1.4.2 the Property LTV Ratio as set forth in any Affiliate Borrower Credit Agreement shall not exceed the Maximum Property LTV Ratio as set forth in any Affiliate Borrower Credit Agreement; 2.1.4.3 the Property DSCR shall not be less than: (a) 1.55:1.00 for a Multifamily Mortgaged Property or (b) 1.60:1.00 for a Student Housing Mortgaged Property. 2.1.4.4 the Property DSCR set forth in any Affiliate Borrower Credit Agreement shall not be less than as set forth in any Affiliate Borrower Credit Agreement; 2.1.4.5 the aggregate number of all Outstanding Borrowing Advance Tranches shall not exceed 10; 2.1.4.6 the aggregate amount of the Outstanding Borrowing Advance Tranches shall not exceed the Sponsor Borrower Loan; and
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Sources: Credit Agreement (Preferred Apartment Communities Inc), Credit Agreement (Preferred Apartment Communities Inc)