Initial LTV Level definition

Initial LTV Level means [ ]%.
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Initial LTV Level means [__]%.
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Initial LTV Level has the meaning specified in the Fee and Ratio Letter.
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Examples of Initial LTV Level in a sentence

  • The LTV Ratio as of such date, after giving effect to the Loans made on such date, shall be equal to or less than the Initial LTV Level.

  • This summary does not purport to be a complete description of the terms and conditions of the Interest Rate Swap and accordingly is qualified by reference to the full text thereof.

  • The Board approved the Solicitor proceeding with formalizing the Morgan Commons Financial Security Agreement as discussed.


More Definitions of Initial LTV Level

Initial LTV Level means 40%.
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Initial LTV Level has the meaning specified in the Additional Terms Letter.
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Initial LTV Level has the meaning specified in the Fee and Ratio Letter. “Interest Payment Date” means the last Business Day of each calendar quarter and the Maturity Date. “Interest Period” means, for any Advance, each period (a) commencing on, and including, the calendar day immediately following any Interest Payment Date or, in the case of the initial such period for such Advance, the date on which such Advance is made and (b) ending on, and including, the next succeeding Interest Payment Date. “Interest Rate” means, with respect to any Interest Period, the applicable LIBOR plus the Spread. “Investment Company Act” means the United States Investment Company Act of 1940. “IRS” means the United States Internal Revenue Service. “Issuers” means, collectively, CDAY Issuer and DNB Issuer. “Issuer Agreement” means, collectively, each Issuer Agreement, dated as of the date hereof (or any later date on which any Person becomes an Applicable Lender), executed by an Issuer and a Lender, substantially in the form to be agreed to between the Lenders and such Issuer. “Judgment Currency” has the meaning specified in Section 9.14. “Law” means, with respect to any Person, collectively, all international, foreign, U.S. Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case that is applicable to such Person or such Person’s business or operation and whether or not having the force of law. “Lender” has the meaning specified in the preamble hereto. “Lender of Record” has the meaning set forth in the definition of “Required Lenders”. “LIBOR” means, for any Interest Period with respect to any Advance:
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Initial LTV Level means 82.5 per cent.
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Initial LTV Level means a Loan to Equity Value Percentage of 40.0%.
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Related to Initial LTV Level

  • Closing Level : means the official daily Closing Level of the Index as published by the Index Sponsor in relation to each Scheduled Trading Day during the Investment Term.

  • Base Level means the following amounts plus the percentage

  • Initial Index Level means the closing level of the FTSE 100 on the Start Date.

  • Index Level means, in respect of any day and subject to Adjustment Provisions: (a) in respect of an Index(other than a Multiple Exchange Index), the closing level of such Indexat the Valuation Time on such day; and (b) in respect of an Index that is a Multiple Exchange Index, the official closing level of the Index on such day at the Valuation Time as calculated and published by the Index Sponsor each as rounded up to four decimal places (with 0.00005 being rounded up), allas determined by the Calculation Agent.