Loan-to-Value Ratio; Appraisals Sample Clauses

Loan-to-Value Ratio; Appraisals. First Xxxxxxx relies on third-party appraisers to provide opinions and value upon which First Xxxxxxx determines the loan-to-value ratio of Loans Held for Sale and Committed Pipeline Loans. To First Chester’s Knowledge, at the time of origination, the loan-to-value ratio of each Loan Held for Sale and each committed Pipeline Loan did not exceed the maximum amount permitted by the applicable Investor or Insurer for such Loan Held for Sale or Pipeline Loan. The appraisal prepared in connection with property associated with each Loan Held for Sale and each Pipeline Loan was prepared by a qualified appraiser with, to the Knowledge of First Xxxxxxx, no direct or indirect interest in the property, and both the appraisal and appraiser satisfied all Applicable Requirements.
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Loan-to-Value Ratio; Appraisals. Lender shall have received appraisals for the Properties satisfactory to Lender indicating that the original principal balance of the Loan is not more then sixty percent (60%) of the aggregate fair market value of the Properties as of the date hereof.
Sample 1
Loan-to-Value Ratio; Appraisals. AHB relies on third-party appraiser to provide opinions and value upon which AHB determine the loan-to-value ratio of Loans Held for Sale and Committed Pipeline Loans. To AHB’s Knowledge, at the time of origination, the loan-to-value ratio of each Loan Held for Sale and each committed Pipeline Loan did not exceed the maximum amount permitted by the applicable Investor or Insurer for such Loan Held for Sale or Pipeline Loan. The appraisal prepared in connection with property associated with each Loan Held for Sale and each Pipeline Loan was prepared by a qualified appraiser with, to the Knowledge of AHB, no direct or indirect interest in the property, and both the appraisal and appraiser satisfied all Applicable Requirements.
Sample 1
Loan-to-Value Ratio; Appraisals. Lender shall have received an appraisal ("Appraisal") for each Property satisfactory to Lender indicating that the Allocated Loan Amount for such Property is not more than seventy-five percent (75%) of the fair market value of such Property as of the date hereof.
Sample 1
Loan-to-Value Ratio; Appraisals. Lender shall have received an appraisal ("Appraisal") for each Property satisfactory to Lender indicating that (i) the sum of (A) the Allocated Loan Amount and (B) the Allocated Premium Amount for such Property is not more than seventy-five percent (75%) of the fair market value of such Property as of the date hereof and (ii) the sum of (A) the original principal balance of the Loan and (B) the Premium Amount is not more than seventy-five percent (75%) of the fair market value of all of the Properties as of the date hereof.
Sample 1

Related to Loan-to-Value Ratio; Appraisals

  • 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 Loan does not exceed one hundred twenty-five percent (125%) of the aggregate fair market value of the Properties.

  • LTV No Mortgage Loan has an LTV greater than 100%;

  • Excess Availability Borrowers shall have Excess Availability at all times of at least (i) as of any date of determination during the period from July 25, 2016 through and including August 29, 2016, $10,000,000, (ii) as of any date of determination during the period from August 30, 2016 through and including October 6, 2016, $13,000,000, (iii) as of any date of determination during the period from October 7, 2016 through and including October 13, 2016, $17,500,000, and (iv) as of any date of determination during the period from October 14, 2016 through and including December 31, 2016, $20,000,000.

  • Debt Service Coverage Ratio Not permit the Debt Service Coverage Ratio on the last day of each Fiscal Quarter to be less than 3.50 to 1.00.

  • Minimum Debt Service Coverage Ratio As of the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2021, the Borrowers shall not permit the Debt Service Coverage Ratio, determined on a consolidated basis for the Consolidated Parties, to be less than 2.00 to 1.00.

  • Minimum Excess Availability Borrower shall have Excess Availability under the Revolving Credit Loans facility of not less than the amount specified in the Schedule, after giving effect to the initial advance hereunder and after giving effect to any applicable Loan Reserves against borrowing availability under the Revolving Credit Loans.

  • Consolidated Debt Service Coverage Ratio Permit the Consolidated Debt Service Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 1.25:1.00.

  • Minimum Unsecured Interest Coverage Ratio As of the last day of any fiscal quarter, the Unsecured Interest Coverage Ratio for the Parent, on a consolidated basis, for the fiscal quarter then ended, annualized, to be less than or equal to 1.75 to 1.00; and

  • LTV Ratio The gross proceeds of each Mortgage Loan to the related Mortgagor at origination did not exceed the non-contingent principal amount of the Mortgage Loan and either: (a) such Mortgage Loan is secured by an interest in real property having a fair market value (i) at the date the Mortgage Loan was originated, at least equal to 80 percent of the original principal balance of the Mortgage Loan or (ii) at the Closing Date, at least equal to 80 percent of the principal balance of the Mortgage Loan on such date; provided that for purposes hereof, the fair market value of the real property interest must first be reduced by (x) the amount of any lien on the real property interest that is senior to the Mortgage Loan and (y) a proportionate amount of any lien that is in parity with the Mortgage Loan (unless such other lien secures a Mortgage Loan that is cross-collateralized with such Mortgage Loan, in which event the computation described in clauses (a)(i) and (a)(ii) of this paragraph 19 shall be made on a pro rata basis in accordance with the fair market values of the Mortgaged Properties securing such cross-collateralized Mortgage Loans); or (b) substantially all the proceeds of such Mortgage Loan were used to acquire, improve or protect the real property that served as the only security for such Mortgage Loan (other than a recourse feature or other third party credit enhancement within the meaning of Treasury Regulations Section 1.860G-2(a)(1)(ii)).

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