Portfolio Loan-to-Value Ratio definition

Portfolio Loan-to-Value Ratio means the ratio, as determined by Administrative Agent, of (i) the aggregate principal balance of (a) the Principal Indebtedness and all undisbursed advances under the Notes, if any, and all other Indebtedness secured by Liens against all or any part of the Property, or against any of the direct or indirect ownership interests in one or more of the Borrowers, and (b) the Cross-Collateralized Notes and all other Indebtedness secured by liens or encumbrances against one or more of properties included in the Cross-Collateralized Portfolio or against the direct or indirect ownership interests in one or more of the Cross-Collateralized Borrowers, as of the date of determination, to (ii) the aggregate amount of (a) the fair market value of the Property and (b) the fair market value of the Cross-Collateralized Portfolio, in each case, as such fair market value is determined by Appraisals of the Property and the Cross-Collateralized Portfolio.
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Portfolio Loan-to-Value Ratio means, the ratio, as determined by Lender, of (I) the aggregate principal balance of (a) the Notes and all other indebtedness secured by liens or encumbrances against one or more of the Properties or against the direct or indirect ownership interests in one or more of the Borrowers and (b) the Cross-Collateralized Notes and all other indebtedness secured by liens or encumbrances against one or more of properties included in the Cross-Collateralized Portfolio or against the direct or indirect ownership interests in one or more of the Cross-Collateralized Borrowers to (II) the aggregate amount of (x) the fair market value of the Portfolio and (y) the fair market value of the Cross-Collateralized Portfolio, in each case, as such fair market value is determined by an Appraisal.
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Portfolio Loan-to-Value Ratio means, the ratio, as determined by Lender, of (I) the aggregate principal balance of the Note and all other indebtedness secured by liens or encumbrances against the Properties or against the direct or indirect ownership interests in the Borrowers to (II) the aggregate amount of the fair market value of the Portfolio, as such fair market value is determined by an Appraisal.
Sample 1

More Definitions of Portfolio Loan-to-Value Ratio

Portfolio Loan-to-Value Ratio means the ratio, as determined by Lender, of (i) the aggregate Principal Indebtedness and all other Indebtedness secured by Liens with respect to any or all of the Properties (but excluding any Released Property released pursuant to the Partial Release Agreement and the 11540 Xxxxxxxxx Property until such time as the Future Advance has been funded) or any direct or indirect interest in any Borrower to (ii) the aggregate amount of the fair market value of the Properties (but excluding any Released Property released pursuant to the Partial Release Agreement), as such fair market value is determined by an Appraisal of each Property but excluding any Released Property released pursuant to the Partial Release Agreement).
Sample 1
Portfolio Loan-to-Value Ratio means the ratio, expressed as a percentage, of (a) the amount outstanding under the Loan divided by (b) the aggregate Property Value of all of the Properties; provided, however the Property Value of all Excluded Properties shall not be included in the calculation of Portfolio Loan to Value Ratio.
Sample 1
Portfolio Loan-to-Value Ratio means, the ratio, as determined by Lender, of (I) the aggregate principal balance of (a) the Notes and all other indebtedness secured by liens or encumbrances against one or more of the Properties or against the direct or indirect ownership interests in one or more of the Borrowers and (b) the Cross- Collateralized Notes and all other indebtedness secured by liens or encumbrances against one or more of properties included in the Cross-Collateralized Portfolio or against the direct or indirect ownership interests in one or more of the Cross-Collateralized Borrowers to (II) the aggregate amount of (x) the fair market value of the Portfolio and (y) the fair market value of the Cross-Collateralized Portfolio, in each case, as such fair market value is determined by an Appraisal.
Sample 1

Related to Portfolio Loan-to-Value Ratio

  • Loan to Value means the Net Interest Bearing Debt to the Value of the Properties in accordance with the most recent Valuation.

  • 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.

  • Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing (b) such sum by the Aggregate Net Collateral Balance.

  • LTV Ratio With respect to any Mortgage Loan, as of any date of determination, a fraction, expressed as a percentage, the numerator of which is the scheduled principal balance of such Mortgage Loan, as of such date (assuming no defaults or prepayments on such Mortgage Loan prior to that date), and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.

  • Mortgage Loan Principal Balance means, at any date of determination, the aggregate principal balance of the Notes evidencing the Mortgage Loan.

  • Weighted Average Spread means, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • 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 Fiscal 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.

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.