TO-VALUE RATIO Sample Clauses
The TO-VALUE RATIO clause establishes a required proportion between the amount of insurance coverage and the value of the insured property. In practice, this means that the policyholder must maintain insurance coverage at or above a specified percentage of the property's total value, such as 80% or 90%. If the coverage falls below this threshold, the insurer may reduce claim payments proportionally. This clause ensures that policyholders adequately insure their property, discouraging underinsurance and allocating risk more fairly between the insurer and the insured.
TO-VALUE RATIO. The original principal amount of a Loan divided by the Original Value; however, references to "current Loan-to-Value Ratio" shall mean the then current Principal Balance of a Loan divided by the Original Value.
TO-VALUE RATIO. The fraction, expressed as a percentage, the ------------------- numerator of which is the outstanding principal amount of the related Mortgage Loan at the time of origination and the denominator of which is the appraised value of the related Mortgaged Property at such time or, in the case of a Mortgage Loan financing the acquisition of the Mortgaged Property, the sales price of the Mortgaged Property, if such sales price is less than such appraised value.
TO-VALUE RATIO. The relationship between the amount of a mortgage loan and the appraised value of the property, expressed as a percentage of the appraisal value.
TO-VALUE RATIO. 23.1 Maximum allowed loan to value ratio
(a) Clause 23.2 (Provision of additional security; prepayment) applies if the Facility Agent notifies the Borrowers that the LTV is above the Relevant Percentage.
(b) In this Clause 23.1 (Maximum allowed loan to value ratio), “Relevant Percentage” means:
TO-VALUE RATIO. If the unpaid balance of the Liabilities shall at any time exceed an amount equal to -------% of the then fair market value (as reasonably determined by the Bank) of any securities constituting all or a portion of the Collateral, and such excess continues for five (5) days after notice from the Bank to the Pledgor, the Pledgor shall be in default under this Pledge and the Bank may sell all or any portion of such securities and otherwise exercise any or all of the rights and remedies set forth in this Pledge.
TO-VALUE RATIO. If the ratio of the unpaid balance of the Liabilities to the then fair market value (as reasonably determined by the Bank) of any securities constituting all or any portion of the Collateral shall exceed the Bank's loan-to-value requirements for securities of the type pledged, the Pledgor shall be in default under this Pledge and the Bank may sell all or any portion of such securities and otherwise exercise any or all of the rights and remedies set forth in this Pledge.
TO-VALUE RATIO. If the ratio of the unpaid balance of the Liabilities to the then fair market value (as reasonably determined by the Bank) of any securities constituting all or any portion of the Collateral shall exceed the Bank's fifty percent (50%) loan-to-value requirements for the 60-Month Term Loan (as defined in the Loan Agreement), and Pledgor fails, within five (5) days following the demand of Bank (a Margin Call pledge such additional Collateral as is required by the Bank to maintain such fifty percent (50%) loan-to-value requirement, the Pledgor shall be in default under this Pledge and the Bank may sell all or any portion of such securities and otherwise exercise any or all of the rights and remedies set forth in this Pledge.