Maximum LTV Ratio definition
Maximum LTV Ratio means an LTV Ratio of [***].
Maximum LTV Ratio means, in respect of any LTV Test Date and the determination of the LTV Ratio, the percentage rate calculated by reference to the table below: 31 December 2023 eighty per cent. (80%) 31 December 2024 seventy five per cent. (75%) 31 December 2025 seventy five per cent. (75%) 31 December 2026 seventy per cent. (70%) 31 December 2027 sixty five per cent. (65%) 31 December 2028 sixty per cent. (60%) 31 December 2029 fifty five per cent. (55%) 31 December 2030 fifty per cent. (50%) 31 December 2031 forty five per cent. (45%) 31 December 2032 forty per cent. (40%) 31 December 2033 thirty five per cent. (35%) 31 December 2034 thirty per cent. (30%) 31 December 2035 twenty five per cent. (25%) and in the case of testing the LTV Ratio in connection with Clause 21.1(c)(i)(A) on any date not referred to above, the then applicable Maximum LTV Ratio shall be the ratio which results from interpolating on a linear basis between the Maximum LTV Ratio applicable to the immediately preceding scheduled LTV Test Date and the Maximum LTV Ratio applicable to the immediately succeeding scheduled LTV Test Date.
Maximum LTV Ratio means, as of any date of determination, 22.5%, as such percentage may be adjusted from time to time by Lender pursuant to Section 2.12.
Examples of Maximum LTV Ratio in a sentence
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 Maximum LTV Ratio
Maximum LTV Ratio means, as of any date of determination, the weighted average (by Appraised Collateral Value or Non-Appraised Collateral Value, as applicable) of the Specific Maximum LTV Ratios of all Music Products.
Maximum LTV Ratio has the meaning assigned to such term in Section 2.1(b).
Maximum LTV Ratio has the meaning given to such term in the Fee and Ratio Letter;
Maximum LTV Ratio means 85.0%.
Maximum LTV Ratio means, as of any date of determination, (i) if the Minimum Diversification Factor as of such date is 5.0, 20% or (ii) if the Minimum Diversification Factor as of such date is 6.0, 25%. As of the Closing Date, the Maximum LTV Ratio shall be 25%.
Maximum LTV Ratio means 60%.
Maximum LTV Ratio means (a) for the period from the Effective Date through and including the fourth anniversary of the Effective Date, 75% and (b) thereafter, 70%.