Net Loan to Value definition
Net Loan to Value means the ratio of Net Interest Bearing Debt to Value.
Net Loan to Value means the ratio of Net Interest Bearing Debt to Total Assets (less Cash and Cash Equivalents).
Net Loan to Value means our indebtedness pro forma for the Transactions as if they had occurred on March 31, 2016, net of pro forma cash and cash equivalents as of May 31, 2016, divided by the Market Value of our Owned Fleet determined as of March 1, 2016 and assuming that such valuation is still the same as of March 31, 2016. We have estimated our total adjusted cash and cash equivalents as of such date, after giving effect to the Transactions, based on our initial review of our financial position set forth in our unaudited management accounts as of May 31, 2016. The actual amount of cash and cash equivalents may vary;
More Definitions of Net Loan to Value
Net Loan to Value means the Net Interest Bearing Debt to the Value of the Properties.
Net Loan to Value means the ratio of Net Debt (excluding shareholder loans) to Gross Asset Value;
Net Loan to Value means the Net Interest Bearing Debt to the Value of the Properties in accordance with the most recent Valuation.