VALUE RATIO Clause Samples
The VALUE RATIO clause establishes a proportional relationship between the value of goods, services, or obligations and another reference value, such as price, cost, or quantity. In practice, this clause may specify that payments, penalties, or deliverables are adjusted based on fluctuations in market value or actual quantities delivered, ensuring that compensation remains fair and reflective of real-world changes. Its core function is to maintain balance and fairness in contractual relationships by automatically adjusting obligations to reflect changes in value, thereby reducing disputes and ensuring equitable outcomes for all parties involved.
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VALUE RATIO. The ratio, expressed as a percentage, the numerator of which is the principal balance of a particular Mortgage Loan at origination and the denominator of which is the lesser of (x) the appraised value of the related Mortgaged Property determined in the appraisal used by the originator at the time of origination of such Mortgage Loan, and (y) if the Mortgage is originated in connection with a sale of the Mortgaged Property, the sale price for such Mortgaged Property.
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.
VALUE RATIO. 24.1 Maximum loan to value ratio
VALUE RATIO. The ratio of (i) Value on such date to (ii) the principal amount of Loans, the outstanding principal amount of the Revolving Loans, LC Obligations (as defined in the Revolving Credit Agreement), the principal amount of the Senior Notes, the outstanding principal amount of the Senior Secured Term Loans and Hedging Termination Value of Lender Hedging Obligations and Other Hedging Obligations on such date is not less than 2.0 to 1.0.