Debt to Value Ratio definition

Debt to Value Ratio means, at any relevant time, the ratio of the Loan to the aggregate Market Value of the Ships subject to a Mortgage at that time;
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Debt to Value Ratio at any time, (a) the aggregate amount of all Indebtedness of the Borrower then outstanding, divided by (b) the sum of the Fair Market Values at such time of all of the Properties then owned by the Borrower.
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Debt to Value Ratio means, as of any date of determination, the ratio of Total Indebtedness of the Borrower and the Subsidiaries to the Total Assets of the Borrower and the Subsidiaries.
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Examples of Debt to Value Ratio in a sentence

  • If Borrower fails to deliver a Borrowing Certificate as and when required, then, in addition to Administrative Agent’s other rights and remedies, Administrative Agent may calculate the Maximum Borrower Debt to Value Ratio based upon information available to Administrative Agent and such determination by Administrative Agent shall be final and conclusive, absent manifest error.

  • In determining the Available Commitment pursuant to Section 2.2.1, Administrative Agent will calculate the Maximum Borrower Debt to Value Ratio in accordance with this Section 2.2.2.

  • For purposes hereof the “Required Amortization Amount” for any Mandatory Payment Date shall be equal to the amount necessary to cause both the Maximum Debt to Value Ratio and the Maximum Outstanding Balance of the Notes for the month then ended to not exceed the amounts therefor set forth opposite such month on Schedule 13.5 hereto.