Examples of Maximum LTV Ratio in a sentence
For more information on the valuation process and criteria used for a Further Advance, including the use of desktop valuations, see section headed "– Characteristics of the Mortgage Loans – Maximum LTV Ratio".
The Borrower shall effect a prepayment of the Loan so as to ensure that immediately after the making of such prepayment, the LTV Ratio will be not more than the Maximum LTV Ratio.
Lender agrees, on the terms and conditions herein set forth, to make a single term loan (the “Advance”) on the Closing Date to Borrower in Dollars upon Borrower’s request, in an amount equal to the lesser of (a) the Facility Limit and (b) the product of the Initial Maximum LTV Ratio times the Value of the Eligible Collateral.
If an Early Redemption is in respect of part of the Convertible Bonds and in the event that the LTV Ratio immediately after such Early Redemption is higher than the Maximum LTV Ratio, the Loan Agent shall notify the Borrower in writing the minimum amount of prepayment of the Loan that the Borrower will need to make to ensure that the LTV Ratio will not be more than the Maximum LTV Ratio.
Lender shall have the right at any time and from time to time, upon 100 days’ prior written notice to Borrower, to adjust the Initial LTV Ratio and/or the Maximum LTV Ratio in its sole and absolute discretion, including the right to adjust either to zero.