Collateral Value Ratio definition

Collateral Value Ratio means the ratio of (a) Collateral Value as of the date of determination to (b) the aggregate principal amount of Notes (including any Additional Notes) outstanding.
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Collateral Value Ratio means, for any fiscal quarter, the ratio of (a) the aggregate Asset Value of the Eligible Projects during such fiscal quarter, divided by (b) the sum of (i) the aggregate Appraised Value of the Eligible Projects during such fiscal quarter, plus (ii) the aggregate Asset Value of the Optional Collateral during such fiscal quarter.
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Collateral Value Ratio. As of any date of determination, the ratio obtained by dividing (a) the sum of (i) the aggregate Stated Values of the Receivables Granted to the Trustee, less the aggregate Stated Values of Excluded Receivables, all valued at the applicable Collateral Value Percentage, and (ii) all amounts on deposit in the Collection Account by (b) the Outstanding Note Principal Balance.
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Examples of Collateral Value Ratio in a sentence

  • Event of Default by Zohar Funds An Event of Default would be triggered if, inter alia, the Collateral Value Ratio fell under 102% for Zohar I, the OC Ratio fell under a certain percentage (ranging between 102% and 107%) for Zohar II, and the OC Ratio fell under 105% for Zohar III.

  • The Borrowers will not, at the end of any month, permit the sum of (i) outstanding Loans plus (ii) the Maximum Drawing Amount under all Letters of Credit, plus (iii) Unpaid Reimbursement Obligations to be greater than seventy percent (70%) of Eligible Receivables for which invoices have been issued and are payable (the "Collateral Value Ratio").

  • Maintain on a Quarterly Basis per Section 6.8(b) (or monthly if requested by Lenders): Minimum Collateral Value Ratio 1:05:1.0 _____ :1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Subject to (i) any restrictions on Borrower contained in the Loan Agreements, (ii) maintenance by Borrower and Grantor of the Collateral Value Ratio, and (iii) the provisions of Section 2.1 hereto, the Senior Creditor shall have the right, without the consent of the Junior Creditor, to extend credit to Borrower in excess of the maximum amounts set forth in the Loan Agreements or under any other agreements with Borrower, secured by the Collateral and otherwise having the same priorities as herein contained.

  • Collateral Value Breach: Any time the Collateral Value Ratio is less than 4.00 to 1.00.Collateral Value Ratio: As of any date of determination, the ratio of (i) the Value of the Eligible Collateral to (ii) the Loan Amount.

  • Maintain on a Quarterly Basis per Section 6.8(b) (or monthly if requested by Lenders): Minimum Collateral Value Ratio 1:05:1.0 ____:1.0 Yes No The following financial covenant analysis and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Issuer Number of Shares Value (Net of AOCI) ServisFirst Bank $ (1) Value of Eligible Collateral:$ (2) Loan Amount:$ (3) Collateral Value Ratio: : 1.00 Fixed Charge Coverage Ratio = Net Income of the Bank / Fixed Charges of Borrower Fixed Charge Coverage Ratio of for the 12 month period ending .

  • The Borrowers shall make prepayments on the Loans necessary so that on any date, the Loan to Collateral Value Ratio shall be no less than 1.00:1.00.

  • Notwithstanding anything herein to the contrary, the parties hereby acknowledge and agree that the Junior Creditor's security interest in the Collateral shall be senior to any Pari Passu Debt (as defined in the PG Security Agreement) that is not incurred by Borrower in compliance with the Collateral Value Ratio.

  • The financing of IKS activities is strategically important for the growth of the economy.


More Definitions of Collateral Value Ratio

Collateral Value Ratio means, on any date of determination, the percentage obtained by dividing the Net Face Amount by the sum of (i) the Net Collateral Value, (ii) the amount then on deposit in the Cash Trust Account, and (iii) all accrued and unpaid interest on the Eligible Bonds.
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Collateral Value Ratio means, on any day on which the same falls to be determined, the ratio (expressed as a percentage) of all Advances outstanding under the Loan Facility Agreement to Collateral Value.
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Collateral Value Ratio means in respect of a Cross Margin Account, the result of the following formula calculation:
Sample 1
Collateral Value Ratio. As of any date of determination, the ratio of (i) the Value of the Eligible Collateral to (ii) the Loan Amount.
Sample 1

Related to Collateral Value Ratio

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Combined Loan-to-Value Ratio As to any Second Lien Mortgage Loan at any date of determination, the ratio (expressed as a percentage) of the principal balance of such Mortgage Loan at the date of determination, plus the principal balance of any Superior Lien based upon the most recent information available to the Servicer, to (a) in the case of a purchase, the lesser of the sales price of the Mortgaged Property and its appraised value at the time of sale, or (b) in the case of a refinancing or modification, the appraised value of the Mortgaged Property at the time of such refinancing or modification.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second Lien Mortgage Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the outstanding principal balance of the Second Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value as determined pursuant to the Underwriting Guidelines of the related Mortgaged Property as of the origination of the Second Lien Mortgage Loan.

  • Current Loan-to-Value Ratio The Principal Balance of a Mortgage Loan as of the applicable date of substitution divided by the Appraised Value.

  • Loan-to-Value Ratio or LTV With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan as of the related Cut-off Date (unless otherwise indicated) to the lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property, expressed as a percentage.

  • Loan-to-Value Ratio With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Collateral Coverage Ratio means (i) the aggregate value of any relevant collateral security, including the pro rata value of any shared collateral, divided by (ii) the outstanding aggregate principal amount of the relevant debt.

  • LTV Ratio With respect to any Mortgage Loan, as of any date of determination, a fraction, expressed as a percentage, the numerator of which is the scheduled principal balance of such Mortgage Loan, as of such date (assuming no defaults or prepayments on such Mortgage Loan prior to that date), and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Original Loan-to-Value Ratio With respect to any Mortgage Loan, the ratio of the principal balance of such Mortgage Loan at origination, or such other date as is specified, to the Original Value of the related Mortgage Property.

  • Unencumbered Interest Coverage Ratio means the ratio of (a) the Unencumbered Adjusted NOI to (b) the Unsecured Interest Expense for the immediately preceding calendar quarter.

  • Liquidity Ratio means the ratio of Liquidity to all Indebtedness to Bank.

  • Collateral Pool means the aggregate total of the Collateral.

  • Loan Value means for any Loan that is not Defaulted Receivable on any day (including the Cut-off Date) (A) with respect to Precomputed Loans, (i) the present value of the future Scheduled Payments discounted monthly at the applicable Implicit Rate of Return, plus (ii) any past due Scheduled Payments reflected on the Servicer’s records, plus (iii) the unamortized amounts of any purchase premiums, minus (iv) the unamortized amounts of any purchase discounts and (B) with respect to Simple Interest Loans, (i) the balance reflected on the Servicer’s records plus (ii) the unamortized amounts of any purchase premiums minus (iii) the unamortized amounts of any purchase discounts. Defaulted Receivables that are Loans shall be deemed to have a Loan Value equal to the outstanding Loan Value at the time it became a Defaulted Receivable less the amount written-off as uncollectible in accordance with the Credit and Collection Policy.

  • Interest Coverage Ratio means, as at any date, the ratio of (a) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date to (b) Interest Expense for such period.

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.

  • Class C Par Value Ratio means, as of any Measurement Date on and after the Effective Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Adjusted Collateral Principal Amount by (b) the sum of the Principal Amount Outstanding of each of the Class A Notes, the Class B Notes and the Class C Notes.

  • Funded Debt Ratio means the ratio of (a) Funded Debt to (b) EBITDA.

  • Consolidated Secured Debt Ratio as of any date of determination means, the ratio of (1) Consolidated Total Indebtedness of the Company and its Restricted Subsidiaries that is secured by Liens as of the end of the most recent fiscal quarter for which internal financial statements are available immediately preceding the date on which such event for which such calculation is being made shall occur to (2) the Company’s EBITDA for the most recently ended four full fiscal quarters for which internal financial statements are available immediately preceding the date on which such event for which such calculation is being made shall occur, in each case with such pro forma adjustments to Consolidated Total Indebtedness and EBITDA as are appropriate and consistent with the pro forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio.

  • Debt Service Ratio means for any period the Modified Cash NOI for all consolidated and unconsolidated properties of the Operating Partnership based on its share (determined on a proportional ownership basis based upon the Operating Partnership’s ownership (direct or indirect) in each of its Subsidiaries and Joint Ventures) divided by Debt Service.

  • Debt Ratio as at the last day of any fiscal quarter, the ratio of (a) Consolidated Total Debt minus Designated Cash Balances on such date to (b) Consolidated EBITDA.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each Fiscal Month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day, by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Unencumbered Leverage Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (a) Unsecured Indebtedness, divided by (b) Unencumbered Asset Value.

  • Interest Cover Ratio means, on each Measurement Date, the ratio of (a) EBITDA to (b) Net Interest Charged in respect of the Measurement Period ending on that Measurement Date;

  • Consolidated Secured Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness secured by a Lien as of such date and (b) the Reserved Indebtedness Amount secured by a Lien as of such date to (y) LTM EBITDA.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.