Loan Constant definition

Loan Constant means a fraction, expressed as a percentage, determined by dividing the Net Operating Income of the Property by the Loan Commitment at the time of determination.

Loan Constant means, at any time, the sum of (x) the Spread plus (y) the then-applicable LIBOR Strike Rate.

Loan Constant means 11.33%.

Examples of Loan Constant in a sentence

• The Amortizing Payments shall continue until such time as Lender determines that the Debt Service Coverage Ratio for the entire Portfolio is equal to or greater than 1.80 to 1.0 based on the Initial Loan Constant for the Loan of 7.29%.

• Figure 1: The Architecture of MLAPT (Ghafir et al., 2018) This research work seeks to improve the work of Ghafir et al., (2018) by increasing the attack detection methodologies.

• Band of Investment Rate of return: LTV x Loan Constant x Down Payment/Equity+Cash On Cash Rate of Return.

• Loan Constant: The Loan Constant shall be equal to (i) the sum of twelve (12) regularly scheduled monthly principal and interest payments divided by (ii) the Loan Amount.

• Provided a Default does not then exist, within fifteen (15) days after Borrower’s request, which request may be given at any time after Borrower delivers a Loan Constant Certificate confirming that Net Operating Income from the Property, with respect to a recently ended semi-annual period, is sufficient to yield a Loan Constant of not less than the Minimum Loan Constant, Administrative Agent shall disburse all funds in the Cash Flow Collateral Accounts to or for the benefit of Borrower.

More Definitions of Loan Constant

Loan Constant means a rate equal to 8.75% per annum.

Loan Constant the greater of (i) 7.98% (ii) the then current 10-Year U.S. Treasury Rate (as published by Bloomberg, L.P.) plus a spread of 110 basis points and assuming a thirty (30) year amortization, (iii) the actual loan constant or (iv) the then current loan constant applied by Lender in accordance with its then current underwriting policies and procedures for fixed rate conduit loans.

Loan Constant means nine percent (9%).

Loan Constant means, as any date of determination, the percentage determined by dividing Net Operating Income by the then current commitment amount.

Loan Constant shall have the meaning set forth in the Mortgage Loan Agreement.

Loan Constant means 10.09%.

Loan Constant means (a) 6.75% until the Maturity Date; (b) for each Extension Term, a rate per annum equal to the newly calculated LIBOR Strike Rate for such Extension Term plus the Margin.