Common use of LTV Ratio Clause in Contracts

LTV Ratio. After giving effect to such Substitution, as of the Substitution Date the LTV Ratio for all of the Properties then remaining subject to the Liens of the Security Instruments (i.e. including the Substitute Property and excluding the Replaced Property), shall not be more than the Closing Date LTV.

LTV Ratio. After giving effect to such Substitution, as of the Substitution Date Date, the LTV Ratio for all of the Properties then remaining subject to the Liens of the Security Instruments (i.e. as calculated by including the Substitute Property and Property, but excluding the Replaced Property), shall not be more less than the Closing Date LTVLTV Ratio.