Loan to Value. With respect to a Receivable, the original undiscounted Principal Balance divided by the estimated Value of the Financed Vehicle, multiplied by 100. LIBOR: With respect to the initial Distribution Date, [ ]%; with respect to each Distribution Date other than the initial Distribution Date, the rate for deposits in U.S. Dollars for a period of one month which appears on Reuters Screen LIBOR01 Page as of 11:00 a.m., London time, on the day that is two LIBOR Business Days prior to the preceding Distribution Date (and, in the case of the initial Distribution Date, two LIBOR Business Days prior to the Initial Closing Date). If such rate does not appear on that date on Reuters Screen LIBOR01 Page (or any other page as may replace that page on that service, or if that service is no longer offered, any other service for displaying LIBOR or comparable rates as may be selected by the Indenture Trustee after consultation with the Depositor), then LIBOR will be the Reference Bank Rate.
Loan to Value means, in respect of a Mortgage Credit, the ratio of the aggregate Value of such Mortgage Credit to the Current Value of the Property securing such Mortgage Credit.
Examples of Loan to Value in a sentence
The Loan to Value shall be calculated based on the Value set out in the most recent Financial Report (including, when necessary, a Financial Report published before the First Issue Date).
Loan to Value (LTV) Information - UNINDEXEDNominalNumber of Loans % Residential Loans % No. of LoansM.7A.11.1 Weighted Average LTV (%)58.42% OM.7A.18.1 19.
The Agent may at any time request a Valuation if the Agent has reason to believe that the Loan to Value covenant is breached.
More Definitions of Loan to Value
Loan to Value means the Net Interest Bearing Debt to the Value of the Properties in accordance with the most recent Valuation.
Loan to Value means, expressed as a percentage, the ratio of:
Loan to Value means, with respect to any Loan, as of any date of determination, the percentage equivalent of a fraction (a) the numerator of which is equal to the sum of (i) the maximum availability (as provided in the applicable loan documentation) of such Loan as of the date of its origination plus (ii) the maximum availability under all other indebtedness of the related Obligor which ranks either senior to, or pari passu with, such Loan and (b) the denominator of which is equal to the Enterprise Value of the Obligor with respect to such Loan.
Loan to Value or “LTV” means the ratio, expressed as a percentage, determined by A/B x 100 where:
Loan to Value means the ratio of NIBD to EV.
Loan to Value means the Net Interest Bearing Debt to the Value in accordance with the most recent Valuation Report.