{"component": "clause", "props": {"groups": [{"samples": [{"hash": "klotuBnPWgL", "uri": "/contracts/klotuBnPWgL#loan-value", "label": "Variable Whole Life Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}, {"hash": "kkIEXzhtDPz", "uri": "/contracts/kkIEXzhtDPz#loan-value", "label": "Variable Whole Life Policy (Aerosonic Corp /De/)", "score": 16.0, "published": true}, {"hash": "k6mYqGMKQgL", "uri": "/contracts/k6mYqGMKQgL#loan-value", "label": "Variable Whole Life Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}], "size": 13, "snippet_links": [{"key": "the-loan", "type": "clause", "offset": [0, 8]}, {"key": "sum-of", "type": "clause", "offset": [29, 35]}, {"key": "cash-value", "type": "definition", "offset": [40, 50]}, {"key": "policy-debt", "type": "definition", "offset": [68, 79]}, {"key": "date-of", "type": "clause", "offset": [87, 94]}], "snippet": "The loan value is 90% of the sum of the cash value and any existing policy debt on the date of the loan.", "hash": "82bcf03cfc07443c53641ea218f8f3c9", "id": 1}, {"samples": [{"hash": "jzBy8iPCeww", "uri": "/contracts/jzBy8iPCeww#loan-value", "label": "Individual Flexible Premium Variable Adjustable Life Insurance Policy (Northwestern Mutual Variable Life Account II)", "score": 28.8891170431, "published": true}, {"hash": "f4LhJIkQNdr", "uri": "/contracts/f4LhJIkQNdr#loan-value", "label": "Life Insurance Policy (Northwestern Mutual Variable Life Account II)", "score": 28.7084188912, "published": true}, {"hash": "rLlFqMrm0a", "uri": "/contracts/rLlFqMrm0a#loan-value", "label": "Life Insurance Policy (Northwestern Mutual Variable Life Account II)", "score": 28.659137577, "published": true}], "size": 5, "snippet_links": [{"key": "the-loan", "type": "clause", "offset": [0, 8]}, {"key": "equal-to", "type": "definition", "offset": [18, 26]}, {"key": "policy-value", "type": "definition", "offset": [74, 86]}, {"key": "date-of", "type": "clause", "offset": [94, 101]}, {"key": "surrender-charge", "type": "clause", "offset": [130, 146]}, {"key": "policy-debt", "type": "definition", "offset": [217, 228]}], "snippet": "The Loan Value is equal to (a) less (b) less (c) where:\n(a) is 90% of the Policy Value on the date of the loan;\n(b) is 90% of the surrender charge that would be applicable on the date of the loan; and\n(c) is existing Policy Debt.", "hash": "9587cc7ca54fd39e6cabeba72aa0adb6", "id": 2}, {"samples": [{"hash": "9vMqfJQdzc4", "uri": "/contracts/9vMqfJQdzc4#loan-value", "label": "Single Premium Variable Whole Life Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}, {"hash": "9E88By7u2Rm", "uri": "/contracts/9E88By7u2Rm#loan-value", "label": "Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}, {"hash": "65uIcN5kqT8", "uri": "/contracts/65uIcN5kqT8#loan-value", "label": "Variable Whole Life Insurance Policy (Northwestern Mutual Variable Life Account)", "score": 16.0, "published": true}], "size": 4, "snippet_links": [{"key": "the-loan", "type": "clause", "offset": [0, 8]}, {"key": "sum-of", "type": "clause", "offset": [59, 65]}, {"key": "cash-value", "type": "definition", "offset": [70, 80]}, {"key": "policy-debt", "type": "definition", "offset": [98, 109]}, {"key": "date-of", "type": "clause", "offset": [117, 124]}], "snippet": "The loan value in the first two policy years is 75% of the sum of the cash value and any existing policy debt on the date of the loan. The loan value after that is 90% of the sum of the cash value and any existing policy debt on the date of the loan.", "hash": "7d65fff4f911738ab0f1ff42c316be73", "id": 3}, {"samples": [{"hash": "35SK4TDlUtD", "uri": "/contracts/35SK4TDlUtD#loan-value", "label": "Insurance Contract (Variable Annuity Acct C of Aetna Life Insurance & Annuity Co)", "score": 18.0, "published": true}], "size": 4, "snippet_links": [{"key": "accumulation-period", "type": "definition", "offset": [11, 30]}, {"key": "a-participant", "type": "definition", "offset": [32, 45]}, {"key": "a-loan", "type": "definition", "offset": [58, 64]}, {"key": "individual-account-value", "type": "clause", "offset": [81, 105]}, {"key": "place-of", "type": "clause", "offset": [109, 117]}, {"key": "partial-withdrawal", "type": "clause", "offset": [120, 138]}, {"key": "loan-request-form", "type": "definition", "offset": [155, 172]}, {"key": "to-aetna", "type": "clause", "offset": [173, 181]}, {"key": "home-office", "type": "definition", "offset": [184, 195]}, {"key": "prior-loan", "type": "clause", "offset": [249, 259]}, {"key": "meets-the-requirements", "type": "definition", "offset": [280, 302]}, {"key": "the-loan-amount", "type": "clause", "offset": [348, 363]}, {"key": "outstanding-balance", "type": "definition", "offset": [423, 442]}, {"key": "previous-loans", "type": "definition", "offset": [450, 464]}, {"key": "lesser-of", "type": "definition", "offset": [484, 493]}, {"key": "the-individual", "type": "clause", "offset": [509, 523]}, {"key": "current-value", "type": "definition", "offset": [532, 545]}, {"key": "plan-account", "type": "definition", "offset": [607, 619]}, {"key": "account-values", "type": "definition", "offset": [680, 694]}, {"key": "the-fixed-account", "type": "clause", "offset": [719, 736]}, {"key": "amounts-held", "type": "definition", "offset": [768, 780]}, {"key": "the-determination-of", "type": "definition", "offset": [836, 856]}, {"key": "to-request", "type": "clause", "offset": [908, 918]}, {"key": "transferred-amount", "type": "definition", "offset": [1043, 1061]}, {"key": "subject-to-the", "type": "definition", "offset": [1070, 1084]}, {"key": "adjustment-provisions", "type": "definition", "offset": [1113, 1134]}, {"key": "number-of-accumulation-units", "type": "clause", "offset": [1161, 1189]}, {"key": "equal-to", "type": "definition", "offset": [1190, 1198]}, {"key": "an-individual", "type": "clause", "offset": [1292, 1305]}, {"key": "provide-a", "type": "definition", "offset": [1317, 1326]}, {"key": "participate-in", "type": "definition", "offset": [1339, 1353]}, {"key": "investment-experience", "type": "clause", "offset": [1358, 1379]}, {"key": "related-investment", "type": "definition", "offset": [1387, 1405]}, {"key": "pro-rata-basis", "type": "definition", "offset": [1486, 1500]}, {"key": "loan-interest", "type": "clause", "offset": [1546, 1559]}, {"key": "daily-basis", "type": "definition", "offset": [1577, 1588]}, {"key": "rate-of", "type": "clause", "offset": [1596, 1603]}, {"key": "paid-in-full", "type": "clause", "offset": [1628, 1640]}, {"key": "each-year", "type": "definition", "offset": [1641, 1650]}, {"key": "the-interest", "type": "definition", "offset": [1652, 1664]}, {"key": "the-participant", "type": "clause", "offset": [1699, 1714]}, {"key": "the-terms-of-the-contract", "type": "clause", "offset": [1832, 1857]}, {"key": "repayment-of", "type": "clause", "offset": [1863, 1875]}, {"key": "at-any-time", "type": "clause", "offset": [1895, 1906]}, {"key": "unpaid-portion", "type": "clause", "offset": [1965, 1979]}, {"key": "at-the-end-of", "type": "clause", "offset": [2005, 2018]}, {"key": "election-of-an-annuity-option", "type": "clause", "offset": [2033, 2062]}, {"key": "full-surrender", "type": "clause", "offset": [2071, 2085]}, {"key": "outstanding-loans", "type": "definition", "offset": [2159, 2176]}, {"key": "loans-outstanding", "type": "clause", "offset": [2261, 2278]}, {"key": "any-loan", "type": "clause", "offset": [2280, 2288]}, {"key": "accrued-interest", "type": "clause", "offset": [2293, 2309]}, {"key": "sales-charges", "type": "clause", "offset": [2395, 2408]}], "snippet": "During the Accumulation Period, a Participant may request a loan from his or her Individual Account Value in place of a partial withdrawal by submitting a loan request form to Aetna's Home Office. A loan may not be requested within 12 months of any prior loan request If the loan meets the requirements described below, it will not be taxable:\n(1) The loan amount must be at least $5,000. The loan amount when added to the outstanding balance of all previous loans may not exceed the lesser of: - One-half of the Individual Account Current Value plus the outstanding balance of all previous loans under the Plan Account; or - $50,000. Loans can only be made from those Individual Account Values held in the Fund(s) and the Fixed Account. Loans may not be made against amounts held in the GA Account although such values are included in the determination of Individual Account Value. If a Participant intends to request a loan against any portion of the GA Ac-count, that portion must be transferred to any Fund(s) or to the Fixed Account. The transferred amount will be subject to the Withdrawal and Market Value Adjustment provisions. When a loan is made, the number of Accumulation Units equal to the loan amount will be withdrawn from the Individual Account. Accumulation Units taken from an Individual Account to provide a loan do not participate in the investment experience of the related investment media. Unless instructed otherwise, the amount withdrawn will be allocated on a pro rata basis among the Fixed Account and the Fund(s).\n(2) Loan interest will accrue on a daily basis at the rate of 3% annually and must be paid in full each year. The interest must be paid directly to Aetna by the Participant. If interest is not paid when due, the entire loan amount plus interest will be treated as a taxable surrender under the terms of the Contract.\n(3) Repayment of a loan can be made at any time within 5 years from the date the loan was first made. Any unpaid portion of a loan must be repaid at the end of 5 years, upon election of an Annuity Option or upon full surrender of the Individual Account, whichever occurs first. Aetna may require all outstanding loans be paid if the Individual Account Value falls below an amount equal to 25% of total loans outstanding. Any loan and accrued interest not repaid when due will be considered a taxable surrender with appropriate deferred sales charges deducted from the Individual Account Value.", "hash": "a5463bda4e528ce31403281de0d2a0b6", "id": 4}, {"samples": [{"hash": "iVQvjT2lPnE", "uri": "/contracts/iVQvjT2lPnE#loan-value", "label": "Life Insurance Policy (National Variable Life Insurance Account)", "score": 18.0, "published": true}, {"hash": "i1q4ANpQ7M0", "uri": "/contracts/i1q4ANpQ7M0#loan-value", "label": "Life Insurance Policy (National Variable Life Insurance Account)", "score": 18.0, "published": true}, {"hash": "3sIAyy5vMaZ", "uri": "/contracts/3sIAyy5vMaZ#loan-value", "label": "Life Insurance Policy (National Variable Life Insurance Account)", "score": 18.0, "published": true}], "size": 3, "snippet_links": [{"key": "the-loan", "type": "clause", "offset": [0, 8]}, {"key": "equal-to", "type": "definition", "offset": [29, 37]}], "snippet": "The Loan Value on any day is equal to:", "hash": "3574ab9e2cf8100a151e50edf964373c", "id": 5}, {"samples": [{"hash": "emicqSeTUXb", "uri": "/contracts/emicqSeTUXb#loan-value", "label": "Variable Life Insurance Policy (Separate Account I of Equitable Variable Life Insurance Co)", "score": 18.0, "published": true}, {"hash": "cM5oz9wtzIt", "uri": "/contracts/cM5oz9wtzIt#loan-value", "label": "Variable Life Insurance Policy (Separate Account I of Equitable Variable Life Insurance Co)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "the-loan", "type": "clause", "offset": [0, 8]}, {"key": "of-the-policy", "type": "clause", "offset": [22, 35]}, {"key": "cash-value", "type": "definition", "offset": [38, 48]}, {"key": "loan-interest", "type": "clause", "offset": [50, 63]}, {"key": "interest-on", "type": "definition", "offset": [65, 76]}, {"key": "a-loan", "type": "definition", "offset": [77, 83]}, {"key": "rate-of", "type": "clause", "offset": [112, 119]}, {"key": "policy-anniversary", "type": "definition", "offset": [148, 166]}, {"key": "the-interest", "type": "definition", "offset": [171, 183]}, {"key": "loan-rate", "type": "definition", "offset": [260, 269]}, {"key": "plus-loan", "type": "definition", "offset": [283, 292]}, {"key": "mail-to", "type": "definition", "offset": [340, 347]}, {"key": "assignee-of-record", "type": "definition", "offset": [360, 378]}, {"key": "last-known-addresses", "type": "definition", "offset": [382, 402]}, {"key": "a-notice", "type": "definition", "offset": [403, 411]}, {"key": "excess-amount", "type": "clause", "offset": [451, 464]}, {"key": "days-after", "type": "definition", "offset": [489, 499]}], "snippet": "The loan value is 90% of the policy's cash value. LOAN INTEREST. Interest on a loan accrues daily, at an annual rate of 5%. Interest is due on each policy anniversary. If the interest is not paid when due, it will be added to the loan and bear interest at the loan rate. When a loan plus loan interest first exceeds the cash value, we will mail to you and any assignee of record at last known addresses a notice that the policy will terminate if such excess amount is not repaid within 31 days after we mailed such notice.", "hash": "1ad292f418d5080c290d3d814b56c2e2", "id": 6}, {"samples": [{"hash": "p6dqVQpakY", "uri": "/contracts/p6dqVQpakY#loan-value", "label": "Life Insurance Policy (Pruco Life Variable Insurance Account)", "score": 18.0, "published": true}, {"hash": "jDbcl5Ex8Ue", "uri": "/contracts/jDbcl5Ex8Ue#loan-value", "label": "Life Insurance Policy (Pruco Life of New Jersey Variable Insurance Account)", "score": 18.0, "published": true}], "size": 2, "snippet_links": [{"key": "first-contract-year", "type": "clause", "offset": [11, 30]}, {"key": "the-loan", "type": "clause", "offset": [31, 39]}, {"key": "sum-of", "type": "clause", "offset": [103, 109]}, {"key": "net-cash-value", "type": "definition", "offset": [114, 128]}, {"key": "contract-debt", "type": "clause", "offset": [146, 159]}, {"key": "pay-premiums", "type": "clause", "offset": [392, 404]}, {"key": "this-contract", "type": "clause", "offset": [408, 421]}], "snippet": "During the first contract year the loan value is zero. After the first contract year, it is 75% of the sum of the net cash value and any existing contract debt. If the difference between the loan value and any existing contract debt is $500 or more, you may borrow any amount from $500 up to that difference. If the difference is less than $500, you may not borrow any amount unless it is to pay premiums on this contract.", "hash": "ee9fbf57be768657db3017bdf5ec4336", "id": 7}, {"samples": [{"hash": "bVeNZu6Tb7d", "uri": "/contracts/bVeNZu6Tb7d#loan-value", "label": "Credit Agreement (TBS International PLC)", "score": 22.2648870637, "published": true}, {"hash": "2kW8oLYe7Kp", "uri": "/contracts/2kW8oLYe7Kp#loan-value", "label": "Credit Agreement (TBS International PLC)", "score": 22.2210814511, "published": true}], "size": 2, "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "total-outstandings", "type": "clause", "offset": [19, 37]}, {"key": "reference-to", "type": "definition", "offset": [78, 90]}, {"key": "first-fiscal-quarter", "type": "definition", "offset": [124, 144]}, {"key": "fiscal-year", "type": "definition", "offset": [194, 205]}, {"key": "in-the-event", "type": "clause", "offset": [208, 220]}, {"key": "the-borrowers", "type": "definition", "offset": [280, 293]}, {"key": "business-days-of", "type": "clause", "offset": [352, 368]}, {"key": "default-by", "type": "clause", "offset": [392, 402]}, {"key": "the-loans", "type": "clause", "offset": [413, 422]}, {"key": "equal-to", "type": "definition", "offset": [493, 501]}], "snippet": "If at any time the Total Outstandings exceed the Loan Value (as determined by reference to the Valuations delivered for the first fiscal quarter and third fiscal quarter, as applicable, of each fiscal year). In the event that Total Outstandings at any time exceed the Loan Value, the Borrowers may, at their option, cure the resulting Default within 5 Business Days of the occurrence of such Default by prepaying the Loans in an amount sufficient to reduce the Total Outstandings to an amount equal to or less than the Loan Value.", "hash": "c4019abc3b13610f6a3a88618b9d2b3e", "id": 8}, {"samples": [{"hash": "aJo70s3Z8DM", "uri": "/contracts/aJo70s3Z8DM#loan-value", "label": "Joint & Last Survivor Flexible Premium Variable Life Insurance Policy (Variable Account Ii Aig Life Insurance Co)", "score": 16.0, "published": true}, {"hash": "8BV0L13TduQ", "uri": "/contracts/8BV0L13TduQ#loan-value", "label": "Joint & Last Survivor Flexible Premium Variable Life Insurance Policy (Variable Account Ii Aig Life Insurance Co)", "score": 16.0, "published": true}], "size": 2, "snippet_links": [{"key": "policy-year", "type": "definition", "offset": [16, 27]}, {"key": "net-cash-surrender-value", "type": "definition", "offset": [51, 75]}, {"key": "date-of-the-request", "type": "definition", "offset": [83, 102]}, {"key": "interest-on-the", "type": "clause", "offset": [109, 124]}, {"key": "amount-of-the-loan", "type": "definition", "offset": [125, 143]}, {"key": "of-the-policy", "type": "clause", "offset": [155, 168]}, {"key": "the-value", "type": "clause", "offset": [211, 220]}, {"key": "monthly-deductions", "type": "definition", "offset": [238, 256]}, {"key": "existing-loan", "type": "clause", "offset": [381, 394]}, {"key": "amount-requested", "type": "clause", "offset": [400, 416]}, {"key": "outstanding-loan", "type": "clause", "offset": [438, 454]}, {"key": "a-loan", "type": "definition", "offset": [483, 489]}, {"key": "loan-interest-rate", "type": "definition", "offset": [552, 570]}, {"key": "policy-information", "type": "definition", "offset": [580, 598]}, {"key": "policy-anniversary", "type": "definition", "offset": [637, 655]}, {"key": "the-interest", "type": "definition", "offset": [660, 672]}, {"key": "unpaid-interest", "type": "definition", "offset": [785, 800]}, {"key": "based-on", "type": "clause", "offset": [819, 827]}, {"key": "guaranteed-account", "type": "definition", "offset": [875, 893]}, {"key": "the-total", "type": "clause", "offset": [945, 954]}, {"key": "account-value", "type": "clause", "offset": [978, 991]}, {"key": "loan-repayment", "type": "definition", "offset": [993, 1007]}, {"key": "at-any-time", "type": "clause", "offset": [1058, 1069]}, {"key": "this-policy", "type": "definition", "offset": [1076, 1087]}, {"key": "in-force", "type": "definition", "offset": [1091, 1099]}, {"key": "all-payments", "type": "clause", "offset": [1134, 1146]}, {"key": "payment-of-premium", "type": "clause", "offset": [1152, 1170]}, {"key": "payment-to", "type": "clause", "offset": [1208, 1218]}, {"key": "loan-payment", "type": "definition", "offset": [1248, 1260]}, {"key": "notice-to", "type": "definition", "offset": [1289, 1298]}, {"key": "basis-of", "type": "clause", "offset": [1365, 1373]}, {"key": "allocation-percentages", "type": "definition", "offset": [1386, 1408]}, {"key": "in-effect", "type": "definition", "offset": [1414, 1423]}, {"key": "failure-to-repay", "type": "clause", "offset": [1487, 1503]}, {"key": "monthly-anniversary", "type": "clause", "offset": [1573, 1592]}, {"key": "total-monthly", "type": "definition", "offset": [1640, 1653]}, {"key": "the-grace-period", "type": "clause", "offset": [1758, 1774]}, {"key": "a-policy", "type": "clause", "offset": [1797, 1805]}, {"key": "a-permanent", "type": "clause", "offset": [1821, 1832]}, {"key": "your-benefits", "type": "clause", "offset": [1843, 1856]}, {"key": "results-of-the", "type": "clause", "offset": [1925, 1939]}, {"key": "interest-rates", "type": "clause", "offset": [1960, 1974]}], "snippet": "After the first Policy Year, the Loan Value is the Net Cash Surrender Value on the date of the request, less interest on the amount of the loan to the end of the Policy Year, and less the amount We calculate as the value of the remaining monthly deductions to the end of the Policy Year. The amount of the loan may not be more than the Loan Value. If You request an increase to an existing loan, the amount requested will be added to the Outstanding Loan. Loan Interest. Interest on a loan accrues daily at an interest rate not greater than the Policy Loan interest rate shown in POLICY INFORMATION section. Loan interest is due on each Policy Anniversary. If the interest is not paid when due, it will be added to the Policy Loan and will bear interest at the loan interest rate. The unpaid interest will be allocated based on the proportion that Your unloaned value in the Guaranteed Account and Your values in each of the Subaccounts bear to the total unloaned value in Your Account Value. Loan Repayment. You may repay all or part of an Outstanding Loan at any time while this Policy is in force. However, since We normally treat all payments as a payment of Premium, if You wish all or any portion of a payment to be applied as an Outstanding Loan payment, You must include a Written Notice to this effect. An Outstanding Loan payment will be allocated on the basis of the Premium allocation percentages then in effect, and will reduce the loaned portion of the Guaranteed Account. Failure to repay an Outstanding Loan will not cause this Policy to lapse unless, on a Monthly Anniversary, the Net Cash Surrender Value is less than the total monthly deduction then due, and the No Lapse feature is not in effect. In that case, this Policy will lapse and the Grace Period provision will apply. A Policy Loan will have a permanent effect on Your Benefits under this Policy even if it is repaid. Depending on the investment results of the Subaccounts and the interest rates credited to the Guaranteed Account while a Policy Loan is outstanding, such effect could be favorable or unfavorable.", "hash": "851659237ef3ede266a8e344db02d0fc", "id": 9}, {"samples": [{"hash": "apvVk3lT2XV", "uri": "/contracts/apvVk3lT2XV#loan-value", "label": "Life Insurance Contract (Pruco Life Variable Appreciable Account)", "score": 31.2464065708, "published": true}], "size": 2, "snippet_links": [{"key": "the-loan", "type": "clause", "offset": [55, 63]}, {"key": "contract-debt", "type": "clause", "offset": [87, 100]}, {"key": "at-any-time", "type": "clause", "offset": [102, 113]}, {"key": "net-cash-value", "type": "definition", "offset": [143, 157]}, {"key": "the-contract", "type": "definition", "offset": [186, 198]}, {"key": "in-default", "type": "clause", "offset": [202, 212]}, {"key": "days-of-grace", "type": "clause", "offset": [240, 253]}, {"key": "date-of-default", "type": "definition", "offset": [276, 291]}], "snippet": "You may borrow any amount up to the difference between the loan value and any existing contract debt. At any time the loan value is 90% of the net cash value. There is one exception. If the contract is in default, the loan value during the days of grace is what it was on the date of default.", "hash": "0f202e08f149c0d844011f39d80c0c6c", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNsb2FuLXZhbHVlIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"size": 64, "title": "LOAN VALUE", "children": [["value-of-loan", "Value of loan"], ["withdrawals-and-transfers", "Withdrawals and Transfers"], ["minimum-reserve-value", "Minimum Reserve Value"], ["", ""], ["minimum-initial-reserve-value", "Minimum Initial Reserve Value"]], "parents": [["loans-and-withdrawals", "Loans and Withdrawals"], ["loans", "Loans"], ["reinstatement", "REINSTATEMENT"], ["cost-of-insurance-charge", "COST OF INSURANCE CHARGE"], ["deferral-of-payments", "DEFERRAL OF PAYMENTS"]], "id": "loan-value", "related": [["loan-amount", "Loan Amount", "Loan Amount"], ["liquidation-value", "Liquidation Value", "Liquidation Value"], ["appraised-value", "Appraised Value", "Appraised Value"], ["ltv-ratio", "LTV Ratio", "LTV Ratio"], ["loan-to-value-ratio", "Loan-to-Value Ratio", "Loan-to-Value Ratio"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": ["What factors most impact negotiation leverage over loan value terms?", "Which drafting elements are essential to clearly define and protect loan value?", "What are the most common risks or loopholes in loan value clauses?", "How do loan value provisions differ across major jurisdictions or loan types?", "What standards do courts use to interpret and enforce disputed loan value clauses?"], "drafting_tip": "Specify the loan amount and calculation method to prevent disputes; define adjustment mechanisms to address value fluctuations; reference objective benchmarks to ensure clarity.", "explanation": "The LOAN VALUE clause defines the maximum amount of money that a lender is willing to provide to a borrower under a loan agreement. Typically, this amount is determined based on a percentage of the appraised value of the collateral, such as real estate or inventory, ensuring the lender has sufficient security for the loan. By clearly stating the upper limit of the loan, this clause helps manage risk for the lender and provides transparency for the borrower regarding the available financing."}, "json": true, "cursor": ""}}