GAV Cap definition

GAV Cap means 10% of the Gross Asset Value of the Deposited Property, being the threshold limit of the Aggregate Development Costs;”
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Related to GAV Cap

  • WAC Cap With respect to the Mortgage Loans as of any Distribution Date, the product of (i) the weighted average of the Adjusted Net Mortgage Rates then in effect on the beginning of the related Due Period on the Mortgage Loans and (ii) a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the Interest Accrual Period related to such Distribution Date.

  • Net WAC Cap The Group 1 Net WAC Cap, the Group 2 Net WAC Cap or the Subordinate WAC Cap, as applicable.

  • Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Commitments or (b) the Borrowing Base.

  • Initial Financing Spread means 0.50% per annum.

  • Required Capital Amount has the meaning set forth in Section 5(e) of this Supplement.