MLTV definition

MLTV shall be defined as seventy- five percent (75.00%) of the Appraised Value of the Project from time to time. If at any time the loan-to- value ratio of the total principal amount of the Loan to the Project shall exceed the MLTV, based on any Appraisal(s) (to be engaged by Lender from time to time at the sole expense of Borrower) (which appraisal(s) must be satisfactory to Lender in all respects, in Lender’s sole, absolute and unreviewable discretion), then the Borrower shall either:
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MLTV means M.L. Technology Ventures, L.P., a limited partnership under the laws of the State of Delaware;
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Examples of MLTV in a sentence

  • If at closing the loan-to-value ratio of the Loan exceeds the MLTV, then the amount of the Loan to be advanced shall be reduced to an amount that meets the MLTV.

  • Photon and MLTV are parties to that certain Master Agreement (the "Master Agreement") dated April 6, 1987.

  • Except as provided by this Agreement, MLTV and Marianik, and their successors and assigns, shall exercise the full rights of a shareholder with respect to the Shares.

  • PURCHASE AGREEMENT THIS PURCHASE AGREEMENT (the "Agreement"), is made and entered into as of this 8th day of December 1995, by and between PHOTON TECHNOLOGY INTERNATIONAL, INC., a New Jersey corporation ("Photon"), and ML TECHNOLOGY VENTURES, L.P., a Delaware limited partnership ("MLTV").

  • Marianik ("Marian▇▇") ▇▇▇ ▇▇ ▇▇▇▇▇▇▇ogy Ventures, L.P., a Delaware limited partnership ("MLTV").

  • As a condition to the execution of this Agreement by MLTV, Photon shall cause Charles G.

  • MLTV acknowledges that it is able to weigh for itself the risk of the transactions contemplated by this Agreement and has the ability to bear the economic risks of its investment pursuant to this Agreement.

  • MLTV has all requisite corporate right, power and authority to execute and deliver this Agreement, the Voting Agreement in the form attached hereto as Exhibit E, the Stock Purchase Agreement attached hereto as Exhibit B, the Second Note attached hereto as Exhibit C, and Security Agreement attached hereto as Exhibit D, and to consummate the transactions contemplated hereby.

  • MLTV represents and warrants to Photon that it has good and valid title to the Technology free and clear of all pledges, liens, charges, encumbrances, defects, security interests, claims, options and instruments of every kind and that the authorization of no other person or entity is required in order to consummate the transactions contemplated herein by virtue of any such person having an equitable and beneficial interest in the Technology.

  • In settlement of any and all of its prior obligations under the Joint Venture Agreement, MLTV hereby agrees to sell, transfer, assign and deliver to Photon, on the Closing Date, as defined below, the technology and other rights set forth on Exhibit A attached hereto and incorporated herein by this reference (the "Technology").

Related to MLTV

  • CLTV As of any date and as to any Second Lien Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the outstanding principal balance of the Second Lien Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second Lien Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value as determined pursuant to the Underwriting Guidelines of the related Mortgaged Property as of the origination of the Second Lien Loan.

  • LTV means with respect to any Mortgage Loan, the ratio of the original outstanding principal amount of the Mortgage Loan to the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within 12 months of the origination of the Mortgage Loan, the purchase price of the Mortgaged Property.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second-Lien Mortgage Loan, the ratio (expressed as a percentage) of the (a) sum of (i) the outstanding principal balance of the Second-Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second-Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b)

  • Average Delinquency Ratio on any Payment Date means the average of the Delinquency Ratios for the preceding three calendar months.

  • Delinquency Ratio means the ratio (expressed as a percentage and rounded to the nearest 1/100 of 1%, with 5/1000th of 1% rounded upward) computed as of the last day of each calendar month by dividing: (a) the aggregate Outstanding Balance of all Pool Receivables that were Delinquent Receivables on such day by (b) the aggregate Outstanding Balance of all Pool Receivables on such day.