Maintenance of Loan to Value Ratio Sample Clauses

Maintenance of Loan to Value Ratio. (i) By the date no later than 120 days after the Closing Date, cause the Loan to Value Ratio to be equal to or less than 85%. It is understood that the Borrower may comply with this Section 5.11(c)(i) either by (A) reducing the outstanding principal balance of the Term Loan drawn on the Closing Date in a manner described in clause (y) of the proviso in the definition of “Loan to Value Ratio” in Section 1.1, or (B) pledging to the Administrative Agent Eligible Property by delivering to the Administrative Agent Real Property Security Documents or such other documentation as the Administrative Agent may reasonably request including filings and deliveries necessary to perfect such Liens for such Eligible Property, in either case, no later than 120 days after the Closing Date.
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Maintenance of Loan to Value Ratio. The Borrower shall maintain a loan to value ratio whereby any balances outstanding under the Note shall not exceed 75% of the present value of the Collateral Base discounted 10%. This requirement in no way requires the Bank to loan Borrower 75% of the present value of the Collateral Base and the Borrower acknowledges that it is pledging all of its interest in the Oil and Gas Properties and not just that percentage of the Oil and Gas Properties necessary for the Loan to not exceed 75% of the present value of the Oil and Gas Properties discounted at 10%.
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Maintenance of Loan to Value Ratio. The Borrower shall maintain ---------------------------------- during each Fiscal Quarter the Loan to Value Requirement.
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Maintenance of Loan to Value Ratio. Notwithstanding anything to ----------------------------------- the contrary contained in this Agreement, the Company shall at all times maintain a loan to value ratio that does not exceed sixty five percent (65%) with respect to its aggregate indebtedness. It is understood that indebtedness may be incurred by the Company on the Merger Date in order to finance a portion of the consideration of the Tower Merger, subject to the foregoing.
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Maintenance of Loan to Value Ratio. On and after the ---------------------------------- Collateralization Date, the Borrower shall maintain during each Fiscal Quarter the Loan to Value Requirement.
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Maintenance of Loan to Value Ratio. If at any time the aggregate principal amount of all outstanding Loans is more than 65% of the Market Value of all Roadmaster Stock, the Borrower shall prepay the Loans so that, after giving effect to such prepayment, the ratio of (x) the aggregate principal amount of all outstanding Loans to (y) the Market Value of all Roadmaster Stock is no more than 65%.
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Related to Maintenance of Loan to Value Ratio

  • Limitation on Prepayment of LIBOR Rate Loans The Borrower may not prepay any LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto unless such prepayment is accompanied by any amount required to be paid pursuant to Section 5.9 hereof.

  • Application of Prepayments of Loans to Base Rate Loans and Eurodollar Rate Loans Considering each Class of Loans being prepaid separately, any prepayment thereof shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner which minimizes the amount of any payments required to be made by Borrower pursuant to Section 2.18(c).

  • Advance of Loan (a) The Facility Agent must promptly notify each Lender of the details of the requested Loan and the amount of its share in that Loan.

  • Reduction of Commitment Prepayment of Loans Section 2.05 of the Financing Agreement is hereby amended as follows:

  • Term Loan Prepayments (i) On each occasion that a Prepayment Event occurs, the Borrower shall, within three Business Days after receipt of the Net Cash Proceeds of a Debt Incurrence Prepayment Event (other than one covered by clause (iii) below) and within ten Business Days after the occurrence of any other Prepayment Event (or, in the case of Deferred Net Cash Proceeds, within ten Business Days after the Deferred Net Cash Proceeds Payment Date), prepay, in accordance with clause (c) below, Term Loans with an equivalent principal amount equal to 100% of the Net Cash Proceeds from such Prepayment Event; provided that, with respect to the Net Cash Proceeds of an Asset Sale Prepayment Event, Casualty Event or Permitted Sale Leaseback, in each case solely to the extent with respect to any Collateral, the Borrower may use a portion of such Net Cash Proceeds to prepay or repurchase Permitted Other Indebtedness (and with such prepaid or repurchased Permitted Other Indebtedness permanently extinguished) with a Lien on the Collateral ranking equal with the Liens securing the Obligations to the extent any applicable Permitted Other Indebtedness Document requires the issuer of such Permitted Other Indebtedness to prepay or make an offer to purchase such Permitted Other Indebtedness with the proceeds of such Prepayment Event, in each case in an amount not to exceed the product of (x) the amount of such Net Cash Proceeds multiplied by (y) a fraction, the numerator of which is the outstanding principal amount of the Permitted Other Indebtedness with a Lien on the Collateral ranking equal with the Liens securing the Obligations and with respect to which such a requirement to prepay or make an offer to purchase exists and the denominator of which is the sum of the outstanding principal amount of such Permitted Other Indebtedness and the outstanding principal amount of Term Loans.

  • Limitation on Repayment of LIBOR Rate Loans The Borrower may not repay any LIBOR Rate Loan on any day other than on the last day of the Interest Period applicable thereto unless such repayment is accompanied by any amount required to be paid pursuant to Section 5.9 hereof.

  • Maintenance of Loan Accounts by Lenders Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

  • Notification of Advances, Interest Rates and Prepayments The Administrative Agent will notify each Lender of the contents of each Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder not later than the close of business on the Business Day such notice is received by the Administrative Agent. The Administrative Agent will notify each Lender of the interest rate applicable to each LIBOR Rate Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Notification of Advances, Interest Rates, Prepayments and Commitment Reductions Promptly after receipt thereof, the Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Agent will notify each Lender of the interest rate applicable to each Eurodollar Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate.

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i).

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