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Amount shall not exceed the lesser of {___}% of the fair market value of the Property, or the actual cost of the Project, including the costs of necessary equipment, materials, and labor, the costs of each related audit or feasibility study, and the cost of verification of installation.", "Lender shall have the right at any time and from time to time, upon 100 days\u2019 prior written notice to Borrower, to adjust the Initial LTV Ratio and/or the <strong>Maximum LTV</strong> Ratio in its sole and absolute discretion, including the right to adjust either to zero.", "As of any date of determination, the LTV Ratio is equal to or exceeds the product of (i) 1.25 multiplied by (ii) the <strong>Maximum LTV</strong> Ratio as of such date.", "The LTV Percentage shall not exceed the <strong>Maximum LTV</strong> Percentage, in each case, as of the Phase 2 Closing Date.", "The LTV Percentage shall not exceed the <strong>Maximum LTV</strong> Percentage, in each case, as of the Closing Date.", "If 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