Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Initial Mortgaged Property, (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio, and (iii) the Advance Amount. The determinations made as of the Initial Closing Date shall remain unchanged until the First Anniversary. Changes in the Allocable Facility Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.04(b).
Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Mortgaged Property and (ii) the Aggregate Debt Service Coverage Ratio for the Trailing 12 Month Period and the Aggregate Loan to Value Ratio for the Trailing 12 Month Period. The determinations made as of the Initial Closing Date shall remain unchanged until the first anniversary of the Initial Closing Date.
Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Loan Amount and Valuation for each Initial Mortgaged Property, (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio for each Collateral Pool, and (iii) the Loan Amount supported by such Collateral Pool. The determinations made in clause (i) as of the Initial Closing Date shall remain unchanged until a Collateral Event occurs under such Collateral Pool. Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.04(b).
Initial Determinations. On the Initial Effective Date, Lender shall determine (A) the Allocable Facility Amount and Valuation for each Initial Mortgaged Property, and (B) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio. Changes in Allocable Facility Amount, Valuations, the Aggregate Debt Service Coverage Ratio, and the Aggregate Loan to Value Ratio shall be made pursuant to Section 5.03(a)(2) (Subsequent Monitoring Determinations).
Initial Determinations. Promptly, and in any event within ten days after the occurrence of the Post-Effective Date Equity Distribution, the Company shall determine each of the items listed below and deliver an Officer’s Certificate to the Trustee setting forth its determination of such items, together with reasonably detailed materials showing its calculation thereof, and certifying that such determinations and calculations are accurate and complete:
(1) Total amount of Authorized Plan Distribution Shares outstanding immediately after the Post-Effective Date Equity Distribution (“Total Outstanding Shares”);
(2) The aggregate number of Total Outstanding Shares beneficially owned by the DIP Lenders and their Affiliates (the “DIP Lender Equity Holdings”); provided that such aggregate number shall not include any shares of Common Stock acquired by a DIP Lender or an Affiliate in the Post-Effective Date Equity Distribution.
(3) The percentage of the Total Outstanding Shares represented by the DIP Lender Equity Holdings (the “DIP Lender Equity Percentage”); and
(4) Which of the following has occurred: a Scenario 1 Final Equity Distribution, Scenario 2 Final Equity Distribution or Scenario 3 Final Equity Distribution.
Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Initial Mortgaged Property, (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio, (iii) the Initial Advance Amount, and (iv) the Commitment amount. The determinations made as of the Initial Closing Date are set forth on Exhibit A attached hereto and shall remain unchanged until the First Anniversary. Changes in Allocable Facility Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b).
Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Mortgaged Property and (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio. Determinations made pursuant to the preceding sentence shall be made (i) for five and seven year Fixed Advances, based on an underwriting interest rate of 7.75%, and (ii) for 10 year Fixed Advances, based on an underwriting interest rate of 6.5%. The determinations made as of the Initial Closing Date shall remain unchanged until the first anniversary of the Initial Closing Date.
Initial Determinations. On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Mortgaged Property, (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio and (iii) the maximum Initial Advance Amount available to Borrower. The aggregate of the Allocable Facility Amounts shall, at all times, equal the aggregate of Advances Outstanding. The determinations made as of the Initial Closing Date shall remain unchanged until the First Anniversary, provided that Allocable Facility Amounts shall be adjusted prior to the First Anniversary to reflect increases or decreases in Advances Outstanding (which adjustments shall only be made to reflect changes in Advances Outstanding and not changes in Valuations). Changes in Allocable Facility Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.05(b).
Initial Determinations. The Observer initially shall determine all claims, disputes and other matters in question between the Contractor and the County relating to execution or progress of the Work or interpretation of the Contract Documents. The Observer's decision shall be rendered in writing to the GEC for review within a reasonable time, which shall not be construed to be less than ten (10) days.
Initial Determinations. On the Effective Date, Xxxxxx Xxx has determined (i) the Allocable Loan Amount and Valuation for each Initial Mortgaged Property (each of which are set forth on Exhibit A hereto), (ii) the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio for each Collateral Pool, and (iii) the Loan Amount supported by such Collateral Pool. The determinations made in clause (a) as of the Effective Date shall remain unchanged until a Collateral Event occurs under such Collateral Pool. Changes in Allocable Loan Amount, Valuations, the Aggregate Debt Service Coverage Ratio and the Aggregate Loan to Value Ratio shall be made pursuant to Section 2.04(b).
