Loan to Cost Ratio. A calculation of the current Loan to Cost Ratio.
Loan to Cost Ratio. 5.1. The loan to cost ratio shall be declared in a percentage and shall express the annual burden of costs (interest, contractual charges) related with the Loan Agreement, for using the Loan. The costs related with the Agreement (the Loan to cost ratio) for the Borrower amounts to [●] percent of the Net Loan Amount per year. The Loan to cost ratio indicated in this Clause shall be applicable subject to the validity of the Agreement for the agreed period of time under the conditions of its conclusion (which means that the repayment instalment and the Loan repayment time limit shall remain unchanged).
Loan to Cost Ratio. One hundred percent (100%) of the actual cost to Borrower of such Lot and Home.
Loan to Cost Ratio. Borrower and Co-Borrower will not permit the Aggregate Outstanding Credit Exposure at any time to exceed an amount equal to 50% of the total Approved Construction Costs for the Project incurred through such date.
Loan to Cost Ratio. Pre-Sold Home 85 % Spec Home 80 % Model Home 80 %
Loan to Cost Ratio. The Loan-to-Cost Ratio of the Mortgage Loan does not exceed [***]. SCHEDULE 2 AUTHORIZED REPRESENTATIVES SELLER NOTICES Attention: Address: Telephone: Facsimile: SELLER AUTHORIZATIONS Any of the persons whose signatures and titles appear below are authorized, acting singly, to act for Seller under this Agreement: Name Title Signature BUYER NOTICES Name: Operations Address: Worldwide Plaza 000 Xxxx 00xx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Telephone: [***] Facsimile: [***] Email: [***] With a copy to: Name: [***] Address: Worldwide Plaza 000 Xxxx 00xx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Telephone: [***] Facsimile: [***] Email: [***] BUYER AUTHORIZATIONS Any of the persons whose signatures and titles appear below, including any other authorized officers, are authorized, acting singly, to act for Buyer under this Agreement: Name Title Signature [***] [***] [***] [***] [***] [***] [***] [***] EXHIBIT A FORM OF CONFIRMATION LETTER [FINANCE OF AMERICA COMMERCIAL LLC LETTERHEAD] Nomura Corporate Funding Americas, LLC Worldwide Plaza 000 Xxxx 00xx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000-0000 Attention: Operations
Loan to Cost Ratio. The Loan-to-Cost Ratio (x) for each Mortgage Loan other than a High LTC Mortgage Loan, does not exceed [***] and (y) for each High LTC Mortgage Loan, does not exceed [***].
Loan to Cost Ratio. Borrower shall at all times comply with the Loan to Cost Ratio. If at any time Borrower is not in compliance with the Loan to Cost Ratio, then, within ten (10) days of Bank’s written demand, Borrower shall pay down the principal balance of the Construction Loan in such amount as will bring the Loan to Cost Ratio into compliance with this Section 7.2(b).
