LTV Ratio definition
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.
LTV Ratio means, as of any date of determination, the quotient (expressed as a percentage) of (i) the Net Obligations, divided by (ii) the sum of (a) the Share Collateral Value on such date and (b) the product of (1) 100% less the Other Acceptable Collateral Haircut and (2) the aggregate fair market value of the Other Acceptable Collateral, as determined by the Calculation Agent, on such date.
LTV Ratio means, as of any date of determination, the percentage determined by dividing (a) the sum of (i) the aggregate principal amount of all Loans then outstanding, (ii) all accrued and unpaid interest thereon and (iii) all other monetary Obligations then outstanding by (b) the Collateral Value as of such date.
Examples of LTV Ratio in a sentence
As of all dates of determination, the LTV Ratio shall be less than or equal to 25% (the “Maximum LTV Ratio”).
Subject to compliance with the terms of this Section 2.15(a), upon delivery to the Administrative Agent by the Borrower of a Facility Increase Request, the Borrower may permanently increase the Maximum Commitment to an amount whereby immediately after giving effect thereto, (for the avoidance of doubt, including any Temporary Increase Tranches), the LTV Ratio shall not exceed the Maximum LTV Ratio.
Subject to compliance with the terms of this Section 2.15(a), upon delivery to the Administrative Agent by the Borrower of a Facility Increase Request, the Borrower may permanently increase the Maximum Commitment to an amount whereby immediately after giving effect thereto, the LTV Ratio shall not exceed the Maximum LTV Ratio.
More Definitions of LTV Ratio
LTV Ratio means the ratio, expressed as a percentage, of the Combined Principal Amount as of the date of determination, to the Aggregate Appraised Value as of the date of determination.
LTV Ratio or "loan-to-value ratio" means , in respect of any Mortgage Loan assigned to the Mortgages Trust, the ratio of the outstanding balance of such Mortgage Loan to the value of the Mortgaged Property securing such Mortgage Loan; and in respect of the Seller's decision as to whether to make a mortgage loan to a prospective borrower and for purposes of determining whether a MIG Policy is necessary in connection with a mortgage loan, the ratio of the outstanding balance of such mortgage loan to the lower of the purchase price or valuation of the mortgages property securing such mortgage loan as determined by the relevant valuation by the Seller;
LTV Ratio means, as of any date of determination, the percentage determined by the Calculation Agent by dividing (a)(i) the sum of (x) the then outstanding principal amount of the Loans (including any PIK Interest that has been added to the principal amount of the Loans), plus (y) all accrued and unpaid interest (including any PIK Interest that has been accrued and not yet added to the principal amount of the Loans) and fees thereon to and including such date, minus (ii) the face amount of Eligible Cash Collateral consisting of Cash and 99% of the fair market value, as determined by the Calculation Agent, of the amount of Eligible Cash Collateral consisting of Cash Equivalents on deposit in the Collateral Accounts by (b) the Collateral Value.
LTV Ratio means for the Class A-1 Certificates 45.0%, the Class A-2 Certificates 45.0%, the Class B Certificates 61.0% and/or the Class C Certificates 65.6%.
LTV Ratio means the aggregate secured indebtedness of the Group less cash and cash equivalents (including cash and cash equivalents in servicers' accounts or otherwise that are due from servicers but not yet paid by servicers to the Group, less cash collections due to be paid to co-investors under secured loan notes) divided by ERC.
LTV Ratio. Stated Interest Rate," "Trust," "Trust Agreement," "Controlling Party" shall be revised, as appropriate, to reflect the issuance of the Class D Certificates (and the subordination thereof); and
LTV Ratio shall have the meaning set forth in Section 8.4(c) hereof.