Loan Value Coverage Ratio. Lender may send written notice to Borrower to request a determination of the Loan Value Coverage Ratio (the “Ratio Determination Request”) (A) at any time from time to time if accompanied by an officer’s certificate stating any one or both of the following: (i) that an event has occurred which has, or could reasonably be expected to have, a Material Adverse Effect or (ii) that Lender believes in good faith, for reasons specified in reasonable detail in such officer’s certificate, that it is reasonable to believe that the Loan Value Coverage Ratio could be lower than 2.25:1 and (B) any time after ninety (90) days have passed since all Projects have achieved Substantial Completion, for any reason in Lender’s sole discretion, but no more frequently than once in each calendar quarter (except in accordance with the previous clause (A)). If such Loan Value Coverage Ratio is below 2.25:1, Borrower shall within thirty (30) days after such determination make a mandatory prepayment of the Loan in an amount equal to the amount necessary to cause the Loan Value Coverage Ratio, after taking into account such prepayment, to be no lower than 2.25:1. Within five (5) Business Days after the occurrence of any event that reduces the Percentage Share, Borrower shall deliver to Lender a notice of such event, the cause of the event, and the estimated amount of such reduction in the Percentage Share.
