Loan to Value Test Sample Clauses

The Loan to Value Test is a clause that sets a maximum ratio between the amount of a loan and the appraised value of the collateral securing it. In practice, this means that the borrower must maintain the value of the collateral above a certain threshold relative to the outstanding loan balance, and if the ratio is breached, the lender may require additional collateral or repayment. This clause primarily serves to protect the lender by ensuring that the loan remains adequately secured, thereby reducing the risk of loss if the borrower defaults.
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Loan to Value Test. Lender shall have determined that the Loan to Value Test is satisfied.
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Loan to Value Test. The Agent shall have determined that the Loan to Value Test is satisfied.
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Loan to Value Test. Borrower shall provide evidence that, based on new appraisals prepared in accordance with written instructions from Administrative Agent to a third party appraiser engaged directly by Administrative Agent, as of November 30, 2011, either (a) the aggregate of the outstanding principal balance of the Loan and of the C▇▇▇▇▇▇▇▇ Loan is not greater than ninety-five percent (95%) of the sum of the “as-is” value of the Property and of the C▇▇▇▇▇▇▇▇ Property, or (b) the outstanding principal balance of the Loan is not greater than eighty percent (80%) of the “as-is” value of the Property. Should the above covenant not be achieved, Borrower shall, within ten (10) Business Days after request by Administrative Agent, make a principal payment on the Loan in an amount sufficient to comply with either the ratio set forth in clause (a) of the preceding sentence or the ratio set forth in clause (b) of the preceding sentence (it being agreed that partial prepayment on the Loan can be made without premium or penalty except for any Consequential Losses which may result from such prepayment). Failure to make such principal payment within ten (10) Business Days of request by Administrative Agent shall constitute a Default.
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Loan to Value Test. The principal amount of the Loans immediately after giving effect to the Primary Commitment Increase under this §2.10 shall not exceed sixty percent (60%) of the Appraised Value of the Mortgaged Property.
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Related to Loan to Value Test

  • 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.

  • 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.

  • 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.

  • Excess Availability Borrowers shall maintain Excess Availability at ------------------- all times of at least $4,500,000.

  • FUNDING AVAILABILITY This Contract is contingent upon the continued availability of funding. If funds become unavailable through the lack of appropriations, legislative or executive budget cuts, amendment of the Appropriations Act, state agency consolidation, or any other disruptions of current appropriations, DFPS will reduce or terminate this Contract.