Common use of LTV Ratio Clause in Contracts

LTV Ratio. Permit the LTV Ratio as of the last day of any Fiscal Quarter set forth below to exceed the percentage set forth below opposite such Fiscal Quarter: Fiscal Quarter LTV Ratio September 30, 2015 50% December 31, 2015 40% March 31, 2016 40% June 30, 2016 40% September 30, 2016 40% December 31, 2016 30% March 31, 2017 30% June 30, 2017 30% September 30, 2017 30% December 31, 2017 and thereafter 25%

LTV Ratio. Permit the LTV Ratio ratio as of the last day of any Fiscal Quarter set forth below to exceed the percentage set forth below opposite such Fiscal Quarter: Fiscal Quarter LTV Ratio September 30, 2015 50% December 31, 2015 402011 50% March 31, 2016 402012 45% June 30, 2016 2012 40% September 30, 2016 40% 2012 ― December 31, 2016 2012 35% March 31, 2013 ― December 31, 2014 30% March 31, 2017 30% June 30, 2017 30% September 30, 2017 30% December 31, 2017 2015 and thereafter 25%

LTV Ratio. Permit the LTV Ratio ratio as of the last day of any Fiscal Quarter set forth below to exceed the percentage set forth below opposite such Fiscal Quarter: Fiscal Quarter LTV Ratio September 30, 2015 502010 40% December 31, 2015 2010 40% March 31, 2016 402011 35% June 30, 2016 402011 35% September 30, 2016 402011 35% December 31, 2016 2011 35% March 31, 2012 35% June 30, 2012 35% September 30, 2012 35% December 31, 2012 30% March 31, 2017 2013 30% June 30, 2017 2013 30% September 30, 2017 2013 30% December 31, 2017 and thereafter 2013 30% March 31, 2014 30% June 30, 2014 30% September 30, 2014 30% December 31, 2014 25%% March 31, 2015 25% June 30, 2015 25% 88