Aggregate LTV Ratio definition

Aggregate LTV Ratio means the ratio of (a) (i) the outstanding principal balance of the Loan as of the date of the closing of the Mezzanine Loan, plus (ii) the initial principal amount of the Mezzanine Loan to (b) the aggregate value of the Properties as determined pursuant to Appraisals ordered by Lender in connection with the closing of the Mezzanine Loan.
Sample 1Sample 2
Aggregate LTV Ratio means the ratio of (a) (i) the Outstanding Loan Amount as of the date of the closing of the Mezzanine Loan, plus (ii) the principal amount of the Mezzanine Loan (including any undisbursed funds) to (b) the aggregate value of the Properties as determined pursuant to appraisals ordered by Lender in connection with the closing of the Mezzanine Loan.
Sample 1

Examples of Aggregate LTV Ratio in a sentence

  • Potential for Yellow Cake Production,” EGY/3/010, IAEA Department of Technical Cooperation, http://www-tc.iaea.org/tcweb/projectinfo/default.asp.

Related to Aggregate LTV Ratio

  • Credit Amount has the meaning set forth in Section 4.01(b)(ii).

  • Aggregate Commitment means the aggregate of the Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Commitment is $500,000,000.