Maximum LTV. With respect to any Purchased Asset at any time, the Loan-to-Value ratio for the related Underlying Mortgaged Property set forth in the related Confirmation under the heading “Maximum LTV” and for the Class and Type of such Mortgage Asset.
Maximum LTV. The C-PACE Financing Amount shall not exceed the lesser of [INSERT] percent ([INSERT]%) of the fair market value of the Property, or the actual cost of the Project, including the costs of necessary equipment, materials, and labor, the costs of each related audit or feasibility study, and the cost of verification of installation. The actual cost of the Project shall not exceed the Estimate Maximum Benefit, defined as the ratio of the estimated average annual savings, from the installation or improvement, over the property capitalization rate as determined by City or its Program Administrator.
Maximum LTV. With respect to any Eligible Asset (other than any CMBS Security) at any time, the Loan-to-Value Ratio for the related Underlying Mortgaged Property set forth on Schedule 1 to the Fee Letter under the heading “End LTV” or “End LTC” (or, if not set forth therein in the case of Preferred Equity Interests and Construction Loans to the extent applicable, as set forth in the related Confirmation under the same or similar headings); provided, however, in no event shall the Maximum LTV for a Construction Loan exceed 85%) for the applicable Class of such Mortgage Asset and, as applicable, the applicable Type of Underlying Mortgaged Property; provided, however, the Maximum LTV shall take into account any senior or pari passu debt or other obligations, including debt or other obligations secured directly or indirectly by the applicable Underlying Mortgaged Property.
Examples of Maximum LTV in a sentence
Maximum LTV: The CoPACE Financing Amount shall not exceed the lesser of {___}% of the fair market value of the Property, or the actual cost of the Project, including the costs of necessary equipment, materials, and labor, the costs of each related audit or feasibility study, and the cost of verification of installation.
More Definitions of Maximum LTV
Maximum LTV means with respect to any Mortgage Asset, at any time, the Maximum LTV for the related Underlying Mortgaged Property (a) in the case of Term Loan Collateral for the Term Loans, as set forth on Schedule 1-A to the Fee Letter and (b) in the case of Revolving Loan Collateral (including Mixed Collateral) for the Revolving Loans, the Maximum LTV set forth in the related Confirmation, which shall be no greater than the Maximum LTV set forth in Schedule 1-B to the Fee Letter; provided, however, that all such calculations shall be made taking into account any senior or pari passu debt or other senior or pari passu obligations, including senior or pari passu debt or other senior or pari passu obligations secured directly or indirectly by the applicable Underlying Mortgaged Property.
Maximum LTV means (a) from the Effective Date through the day prior to the second anniversary of the Effective Date, 70.0%; (b) from the second anniversary of the Effective Date through the day prior to the third anniversary of the Effective Date, 68.1%; (c) from the third anniversary of the Effective Date through the day prior to the fourth anniversary of the Effective Date, 65.5%; (d) from the fourth anniversary of the Effective Date through the day prior to the fifth anniversary of the Effective Date, 62.4%; (e) from the fifth anniversary of the Effective Date through the day prior to the sixth anniversary of the Effective Date, 58.5%; (f) from the sixth anniversary of the Effective Date through the day prior to the seventh anniversary of the Effective Date, 54.0%; (g) from the seventh anniversary of the Effective Date through the day prior to the eighth anniversary of the Effective Date, 49.5%; (h) from the eighth anniversary of the Effective Date through the day prior to the ninth anniversary of the Effective Date, 45% and (i) from the ninth anniversary of the Effective Date through the Maturity Date, 40.5%.
Maximum LTV. With respect to any Eligible Asset at any time, the Loan-to-Value Ratio for the related Underlying Mortgaged Property set forth on Schedule 1 to the Fee Letter under the heading "Maximum LTV" for the applicable Class of such Mortgage Asset and the applicable Type of Underlying Mortgaged Property.
Maximum LTV has the meaning assigned to such term in the Pricing Side Letter.
Maximum LTV. Defined in the Fee Letter.
Maximum LTV means a LTV of 65.6%
Maximum LTV. The CoPACE Financing Amount shall not exceed the lesser of {___}% of the fair market value of the Property, or the actual cost of the Project, including the costs of necessary equipment, materials, and labor, the costs of each related audit or feasibility study, and the cost of verification of installation. CoPACE Financing Term: {Ten (10) to Twenty (20)} years. The CoPACE Financing shall be fully amortizing over the CoPACE Financing Term. Fixed Interest Rate: The per annum interest (the “Interest Rate”) payable under the CoPACE Financing shall equal {__________ percent (____%)}. Principal and interest payments shall be fully amortizing throughout the CoPACE Financing Term through annual Assessment Payments; provided, however, that any interest due with respect to the CoPACE Financing from the date of funding thereof by the CoPACE Capital Provider shall be capitalized or otherwise accrued to the Agreed Calculation Date and paid, together with any additional interest accruing from such Agreed Calculation Date, as set forth on the amortization schedule attached to this Terms of Financing as Schedule II beginning on the Repayment Start Date.