Combined LTV or CLTV means with respect to any Mortgage Loan, the ratio of (i) the original outstanding principal amount of the Mortgage Loan and any other mortgage loan which is secured by a lien on the related Mortgaged Property to (ii) the lesser of (a) the Appraised Value of the Mortgaged Property at origination or (b) if the Mortgaged Property was purchased within 12 months of the origination of the Mortgage Loan, the purchase price of the Mortgaged Property.
Combined LTV or CLTV. With respect to any Second Lien Loan, the ratio of the outstanding Principal Balance on the related date of origination of (a) (i) such Loan plus (ii) the loan constituting the first lien, to (b) the lesser of (x) the Appraised Value of the Mortgaged Property at origination or (y) if the Mortgaged Property was purchased within 12 months of the origination of the Loan, the purchase price of the Mortgaged Property, expressed as a percentage. Commission: The Securities and Exchange Commission.
Combined LTV or CLTV. With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan and any other mortgage loan which is secured by a lien on the related Mortgage Property as of the related Cut-off Date (unless otherwise indicated) to the lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property, expressed as a percentage. Company: National City Mortgage Co., or its successor in interest or assigns, or any successor to the Company under this Agreement appointed as herein provided.
Examples of Combined LTV or CLTV in a sentence
Combined LTV or CLTV: With respect to any Second Lien Loan, the ratio of the outstanding Principal Balance on the related date of origination of (a) (i) such Loan plus (ii) the loan constituting the first lien to the lesser of (b) (x) the Appraised Value of the Mortgaged Property at origination or (y) if the Mortgaged Property was purchased within 12 months of the origination of the Loan, the purchase price of the Mortgaged Property, expressed as a percentage.
Following discussions with the Business Growth Hub team and the 10 GM local authorities it was agreed that the Manchester Growth Company would submit bids for the 7 ERDF calls to continue and enhance the services provided by the GM Business Growth Hub.
Combined LTV or CLTV: With respect to any Second Lien Loan, the ratio of the outstanding Principal Balance on the related date of origination of (a) (i) such Loan plus (ii) the loan constituting the first lien, to (b) the lesser of (x) the Appraised Value of the Mortgaged Property at origination or (y) if the Mortgaged Property was purchased within 12 months of the origination of the Loan, the purchase price of the Mortgaged Property, expressed as a percentage.
More Definitions of Combined LTV or CLTV
Combined LTV or CLTV. With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan and any other mortgage loan which is secured by a lien on the related Mortgage Property as of the related Cut-off Date (unless otherwise indicated) to the Appraised Value, expressed as a percentage. Commission: The United States Securities and Exchange Commission.
Combined LTV or CLTV. With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan as of the related Cut-off Date (unless otherwise indicated) to the lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property, expressed as a percentage. Company: National City Mortgage Co., or its successor in interest or assigns, or any successor to the Company under this Agreement appointed as herein provided. Consumer Information: Information including, but not limited to, all personal information about a Mortgagor supplied to the Company by or on behalf of such Mortgagor.
Combined LTV or CLTV. With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan and any other mortgage loan which is secured by a lien on the related Mortgage Property as of the related Cut-off Date (unless otherwise indicated) to the lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property, expressed as a percentage. Company: National City Mortgage Co., or its successor in interest or assigns, or any successor to the Company under this Agreement appointed as herein provided. Condemnation Proceeds: All awards or settlements in respect of a Mortgaged Property, whether permanent or temporary, partial or entire, by exercise of the power of eminent domain or condemnation, to the extent not required to be released to a Mortgagor in accordance with the terms of the related Mortgage Loan Documents.
Combined LTV or CLTV. With respect to any Mortgage Loan, the ratio of -------------------- (a) the Stated Principal Balance as of the related Cut-off Date of (i) the Mortgage Loan plus (ii) the mortgage loan constituting the First Lien to (b) the Appraised Value of the Mortgaged Property.
Combined LTV or CLTV. With respect to any Loan, the ratio of (expressed as a percentage) (a) the outstanding Principal Balance on the related date of origination of such Loan plus the outstanding principal balance of (x) if the Loan is a First Lien Loan, any second lien loan secured by the related Mortgaged Property, or (y) if the Loan is a Second Lien Loan, any Senior Lien, to (b) the lesser of (x) the Appraised Value of the Mortgaged Property at origination or (y) if the Mortgaged Property was purchased within 12 months of the origination of the Loan, the purchase price of the Mortgaged Property.
Combined LTV or CLTV. (i) With respect to any HELOC Mortgage Loan, as of any Determination Date, the percentage equivalent of a fraction, the numerator of which is the sum of (A) the Credit Limit and (B) the outstanding principal balance as of the date of execution of the related Credit
Combined LTV or CLTV. With respect to any Second Lien Loan, the ratio of (a) the sum of the outstanding principal balances, on date of origination of such Second Lien Loan, of (i) such Loan and (ii) the loan constituting the first lien on the affected Mortgaged Property to (b) the Appraised Value of the Mortgaged Property at origination, expressed as a percentage.