LTV Percentage definition

LTV Percentage means, at any time, the quotient (expressed as a percentage) of (a) the Total Outstandings divided by (b) the Collateral Value.

LTV Percentage means the ratio calculated by Lender (expressed as a percentage) of (i) the then Outstanding Principal Balance of the Loan and any New Mezzanine Loan (excluding the amount of any Defeased Note) to (ii) the Appraised Value of the Properties remaining subject to the Lien of the Loan Documents after giving effect to the release of the Property in question.

LTV Percentage means as of the Effective Date, sixty (60%) percent; provided that the LTV Percentage shall decrease on the date of each required amortization payment of the Term Loans made pursuant to Section 2.06(a) and (b) hereof to a percentage equal to the Loan to Value Ratio as calculated after giving effect to each such repayment of the Term Loans; provided further that in no event shall the LTV Percentage at any time be less than fifty (50%) percent.

Examples of LTV Percentage in a sentence

• If you have elected a New Business PDH LTV Variable rate on the application form the New Business PDH LTV Variable rate applicable for that LTV Percentage at that time will be applied to your mortgage account.

• Unless otherwise agreed, at the expiry of your fixed term the then prevailing New Business PDH LTV Variable rate for your LTV Percentage (as determined on the Calculation Date) will be applied to your mortgage account.

• We reserve the right to reassess your LTV Percentage and change the applicable interest rate if at any time you redraw any overpayments made to your mortgage account.

• If we amend our New Business PDH LTV Rates between the date of your application for the Option and the date on which the New Business PDH LTV rate is to be applied to your mortgage account, it is the New Business PDH LTV Rates available for your LTV Percentage at the date on which the new interest rate is applied to your mortgage account that is applicable.

• Suspension is appropriate when a lawyer knowingly deceives a client and causes injury or potential injury to the client.

More Definitions of LTV Percentage

LTV Percentage means, with respect to any Mortgage Loan, the ratio, expressed as a percentage, of (a) the principal balance then outstanding on such Mortgage Loan (together with the principal balance then outstanding on any other Mortgage Loan secured by the same Project that is included in the calculation of the Borrowing Base), divided by (b) the sum of (i) the Appraised Value of the Project which secures such Mortgage Loan, plus (ii) the amount of any additional dollar-denominated, liquid, tangible collateral pledged to Borrower in connection with such Mortgage Loan (so long as such additional collateral is delivered to Collateral Agent with all appropriate collateral endorsements and/or assignment documents).

LTV Percentage means the percentages set forth below: Period LTV Percentage From and after the First Amendment Effective Date through and including the second anniversary of the First Amendment Effective Date 50% After the second anniversary of the First Amendment Effective Date through and including the third anniversary of the First Amendment Effective Date 47.5% After the third anniversary of the First Amendment Effective Date through and including the fourth anniversary of the First Amendment Effective Date 45% After the fourth anniversary of the First Amendment Effective Date through and including the Maturity Date 42.5%

LTV Percentage means the percentages set forth below:

LTV Percentage means the ratio calculated by Agent (expressed as a percentage) of (i) the sum of the Allocated Loan Amounts for the Davies Center Property and the Waterfront Property of the Loan to (ii) the Appraised Value of such Properties after giving effect to the release of the Property in question, in the case of each of clauses (i) and (ii), to the extent that the relevant Property remains subject to the Lien of the Loan Documents.

LTV Percentage means the amount advanced by CA to the Borrower in respect of each Loan expressed as a percentage of the value of the property concerned on a forced sale basis.

LTV Percentage means, at any time, the quotient (expressed as a percentage) of (a) the Total Outstandings divided by (b) the Collateral Value. “Maintenance LTV Percentage” means 40%.

LTV Percentage means, at any time, a percentage amount equal to the quotient of (a) the unpaid principal balance of the Loans outstanding hereunder at such time, divided by (b) the Eligible NAV at such time.