Trigger LTV Ratio definition

Trigger LTV Ratio means [* * *].
View Source
Trigger LTV Ratio means 65%.
View Source

Examples of Trigger LTV Ratio in a sentence

  • Following its receipt of such request, the Administrative Agent shall originate an instruction to the applicable Custodian directing such release; provided that after giving effect to such release, the LTV Ratio on the date of such release does not exceed the Trigger LTV Ratio; provided further that the release of such ordinary cash dividends shall not cause the LTV Ratio to exceed the Regulation U Percentage.

  • The Calculation Agent shall provide a Margin Call Notice no later than [* * *] on which the LTV Ratio equals or exceeds the Trigger LTV Ratio; provided that, if the Calculation Agent fails to provide such notice on such Exchange Day, it may do so on the following Business Day.

  • The Calculation Agent shall provide a Margin Call Notice no later than [* * *] on the Exchange Day on which the LTV Ratio equals or exceeds the Trigger LTV Ratio; provided that if the Calculation Agent fails to provide such notice on such Exchange Day, it may do so on the following Business Day.

  • Following its receipt of such request, the Administrative Agent shall originate an instruction to the applicable Custodian directing such release; provided that after giving effect to such release, the LTV Ratio on the date of such release does not exceed the Trigger LTV Ratio.

Related to Trigger LTV Ratio

  • 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.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Senior Leverage Ratio means the ratio of (a) Consolidated Senior Debt as of such date to (b) Consolidated EBITDA for the Test Period as of such date.