Value Ratio definition

Value 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 then current principal amount of the Mortgage Loan, and the denominator of which is the Appraised Value of the related Mortgaged Property.

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Value Ratio is hereby included in Section 1.1 of the Standard Terms:

Value Ratio means, with respect to a Series, a percentage equal to the fair market value of the Bonds related to such Series of Variable Certificates as determined based on a Quotation of Bond Price, divided by the Stated Amount of Variable Certificates of such Series.

Examples of Value Ratio in a sentence

• The Servicer shall also cause to be maintained for each Loan with a Loan-to- Value Ratio greater than 80% a primary mortgage insurance policy which will cover at least 75% of the original fair market value of the related Mortgaged Property until such time as the principal balance of such Loan is reduced to 80% of the current fair market value or otherwise in accordance with applicable law.

• Permit the Consolidated Funded Indebtedness to Total Asset Value Ratio, as of the end of any calendar quarter, to be greater than sixty-five percent (65.0%).

• If Lender consents it shall set forth the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio which it estimates shall result from the addition of the proposed Additional Mortgaged Property.

• Except with respect to any Lender PMI Mortgage Loans, the Master Servicer shall not be required to maintain any Primary Insurance Policy (i) with respect to any Mortgage Loan with a Loan-to- Value Ratio less than or equal to 80% as of any date of determination or, based on a new appraisal, the principal balance of such Mortgage Loan represents 80% or less of the new appraised value or (ii) if maintaining such Primary Insurance Policy is prohibited by applicable law.

• The Secured Debt to Total Adjusted Asset Value Ratio at any time to exceed 0.40 to 1.00.

More Definitions of Value Ratio

Value Ratio representing the sum of the Original Loan Balance plus Original Senior Lien Amount to the Original Appraised Value Original Appraised Value Appraised value at time of 550562 application. Original Appraisal Date Date of the original Appraisal 12/1/2004 Original Appraisal Firm Name of the Appraisal firm Union Appraisals Appraisal Form Type Form 1040 U, 2005 Appraisal Review Type Desk Top, Drive By Original Purchase Price Price paid for home. 360000 Purchase BPO BPO at the time of Purchase by GS. 580000 Purchase BPO Date Date of the Purchase BPO 12/1/2004 Purpose of Loan Code/literal used to identify the Purchase original purpose of the loan. ( case-out refi, refi, purchase, construction, etc) Cash-out Amount The Amount that the borrower 10000 removed from the loan Prepayment Flag Code/Flag to determine if loan was Y originated with a prepayment penalty. (Y / N) Prepayment Penalty Type Code/literal to identify 6 Months Interest characteristics of penalty. on 80% Example: 6 MO INT ON 80% OBAL, 5/4/3/2/1, ▇%. Prepayment Term Original number of months that 24 penalty was imposed. Arm Index Description Code/literal used to identify the 6ML specific underlying index that adjustable rate loans will reset from. (6 Months Libor, 1 Yr CMT, etc) Margin The spread above the index value 3.65 that a new rate on adjustable rate loans will be set to; subject to caps and rounding. (stated in percent) ARM Rounding Feature Code/literal used to identify the 0.125 method to be used when computing new rate on adjustable rate loans. (stated in percent)

Value Ratio means, as of any date of calculation, the percentage derived by dividing (i) the market value of the Enhanced Bonds on such date (as determined, subject to the provisions of Section 4(f) and (g) hereof, by the Pledgee in its sole discretion) by (ii) the principal amount of such Enhanced Bonds on such date multiplied by, in the case of the M▇▇▇▇▇▇ L▇▇▇▇ Enhanced Bonds, the Credit Enhancement Principal Coverage Factor on such date.

Value Ratio. The original principal amount of a Mortgage Loan divided by the Original Value; provided, however, that references to “current Loan-to-Value Ratio” or “Loan-to-Value Ratio as of the Cut-Off Date” in Section 2.08 shall be deemed to mean the then current Principal Balance of a Mortgage Loan divided by the Original Value.

Value Ratio. At any date, the ratio of (a) Appraised FMV as most recently determined in accordance with the provisions of this Agreement to (b) the aggregate principal amount of Term Loans outstanding as of such date.

Value Ratio. With respect to any Home Improvement Loan, (i) the sum of (a) the original principal balance of such Home Improvement Loan plus (b) the remaining balance of any Prior Lien, if any, at the time of origination of such Home Improvement Loan, less (c) that portion of the principal balance equal to the amount of the premium for credit life insurance collected by the Originators, divided by (ii) the value of the related Mortgaged Property, based upon the appraisal (or, in the case of certain Home Improvement Loans with original principal balances of less than $15,000, such other method of valuation acceptable to the related Originator) made at the time of origination of the Home Improvement Loan.

Value Ratio means, with respect to a Series, a percentage equal to the fair market value of the Bonds related to such Series of Variable Certificates as determined based on a Quotation of Bond Price, divided by the Stated Amount of Variable Certificates of such

Value Ratio. The original principal amount of a Mortgage Loan divided by the Original Value; however, references to "current Loan- to-Value Ratio" shall mean the then current Principal Balance of a Mortgage Loan divided by the Original Value. Master Servicer: The Company, or any successor thereto appointed as provided pursuant to Section 7.02, acting to service and administer the Mortgage Loans pursuant to Section 3.01.