Combined Loan-to-Value Ratio. As of any date and as to any Mortgage Loan, the ratio, expressed as a percentage, of the (a) sum of (i) the Stated Principal Balance (or the original principal balance, if so indicated) of such Mortgage Loan and (ii) the Stated Principal Balance (or the original principal balance, if so indicated) as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Mortgage Loan and which are secured by the same Mortgaged Property to (b) the Appraised Value of the related Mortgaged Property.
Appears in 5 contracts
Samples: Master Mortgage Loan Purchase and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2007-Ar7), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2006-9f), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-Ar1)
