Guarantor Loan to Value Ratio and Liquidity Sample Clauses

Guarantor Loan to Value Ratio and Liquidity. Borrower shall cause Guarantor to maintain Liquidity of no less than Forty Million Dollars ($40,000,000.00) at the time of testing and a maximum Guarantor Loan to Value Ratio not to exceed 0.30 to 1.0 at any time. Borrower shall notify Bank of the expiration or termination of the First Lien Credit Agreement or of any modification to the definition of Loan to Value Ratio in the First Lien Credit Agreement within five (5) days of the effective date of such expiration, termination or modification. In the event that the definition of Loan to Value Ratio in the First Lien Credit Agreement is modified or the First Lien Credit Agreement expires or is terminated, Bank shall have the right to either (i) reaffirm the Loan to Value Ratio as currently set forth in the First Lien Credit Agreement or (ii) adopt the new Loan to Value Ratio as set forth in any modified First Lien Credit Agreement or any new credit agreement that replaces the First Lien Credit Agreement; provided, however, any new loan to value ratio for the Guarantor shall not be for a lesser amount than the Loan to Value Ratio set forth above in the first sentence of this Section 5.27.
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Related to Guarantor Loan to Value Ratio and Liquidity

  • Loan-to-Value Ratio The fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Loan to Value The maximum principal amount of the Note does not exceed one hundred twenty-five percent (125%) of the fair market value of the Property as set forth on the appraisal of the Property delivered to Lender.

  • Liquidity Ratio A Liquidity Ratio of at least 1.50 to 1.00.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.00 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Interest Coverage Ratio The Borrower will not permit the Interest Coverage Ratio to be less than 2.75 to 1.0 on the last day of any Fiscal Quarter.

  • Liquidity Coverage Ratio The Seller shall not issue any LCR Security.

  • Cash Flow Coverage Ratio The ratio of (a) the Borrower's Cash Flow to (b) the sum of (i) the Borrower's consolidated Interest Expense plus (ii) the Borrower's scheduled payments of principal (including the principal component of Capital Leases) to be paid during the 12 months following any date of determination shall at all times exceed (1) 1.5 to 1.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

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