Loan to Value Ratios. The Loan-to-Value Ratio of each Mortgage Loan at the time of origination or as of the date hereof is less than or equal to 95%; and, with respect to each Mortgage Note that has been modified, the related Mortgage Loan has a Loan-to-Value Ratio of less than or equal to 95% as of the date of such modification or the date hereof.]
Loan to Value Ratios. If the 1 TV ratio for any conventional Mortgage Loan at time of origination was greater than eighty percent (80%), the excess over eighty percent (80%) is subject to a policy of primary mortgage guaranty insurance (issued by a company acceptable to Lender) until the principal balance of the mortgage loan is reduce(l below eighty percent (80%) of such value. All provisions of such primary mortgage guaranty insurance policy have been and are being complied with, such policy is in lull force and effect, and all premiums due thereunder have been paid Any mortgage subject to any such policy of primary mortgage guaranty insurance obligates the Mortgagor thereunder to maintain such insurance and to pay all premiums and charges in connection therewith and the interest rate set forth on the Mortgage Note is net of any premium for such primary mortgage guaranty insurance policy Borrower has not engaged in an act o omission which would impair the enforceability of any such mortgage guaranty insurance policy.
Loan to Value Ratios. If at any time the loan-to-value ratios of the Collateral Properties do not comply with the provisions of Section 7.03 hereof; the Borrower shall promptly, but in no event later than the next Interest Payment Date, at their option, (i) prepay a portion of the applicable Loans without attendant breakage costs, or (ii) grant the Lender a first and only mortgage interest, in form and substance satisfactory to the Lender, in certain of its existing properties which are currently unencumbered and are otherwise satisfactory to the Lender, in either case in an amount sufficient to bring the loan-to-value ratios of the Collateral Properties back into compliance with the provisions of Section 7.03 hereof.
Loan to Value Ratios. At any time during each Fiscal Quarter, measured as of the last day of such Fiscal Quarter for the Fiscal Quarter then ended, the Individual Loan-To-Value Ratio of all of each Collateral Property shall not exceed 70%, based on the Lender's underwriting standards and determination; provided, however, that if a proposed Acquisition Property does not satisfy such loan-to-value ratio requirements, the Borrower may, at their option, grant the Lender a first and only mortgage interest and Lien, in form and substance satisfactory to the Lender, in certain of its existing properties which are currently unencumbered in order to satisfy and maintain such loan-to-value ratio requirement.
Loan to Value Ratios. The amount advanced with respect to any item of Collateral shall not exceed:
(a) with respect to Real Property, sixty percent (60%) of the Appraised Value of such item of Collateral;
(b) with respect to Partnership Interests, fifty percent (50%) of the pledgor's percentage share of the Appraised Value of the subject partnership's assets, giving recognition to any distribution priorities and preferences set forth in any agreement between the pledgor and its partners; and
(c) with respect to Assigned Loans, sixty percent (60%) of the lessor of (i) the amount outstanding under the subject Assigned Loan, or (ii) the book value of the subject Assigned Loan as set forth in the consolidated balance sheet of the pledgor.
