Net LTV definition

Net LTV means the Net Interest Bearing Debt divided by the Market Value of the Portfolio, based on valuations that are no older than 270 days.
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Net LTV means, at any relevant time, the aggregate of the Loan and any exposure under the Hedging Agreement at that time expressed as a percentage of the aggregate Market Value of the Mortgaged Ships (excluding any Ship which has become a Total Loss and remains subject to a Mortgage at that time), the net realisable value of any additional Security provided under Clause 25 (Loan to value ratio) plus the balances standing to the credit of the Cash Reserve Accounts Account (other than for the purposes of Clause 23.18 (Dividends) in which case such balances are excluded from the calculation of Net LTV).
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Net LTV means the loan to value ration calculated on the gross loan amount and any other secured liabilities, less cash balances;
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Examples of Net LTV in a sentence

  • Net LTV Created defined as Customer’s established Life Time Value (LTV) per customer multiplied by number of customers generated during agreement period.

Related to Net LTV

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Net Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Net Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.