Loan to Cost definition

Loan to Cost means, in connection with a Portfolio Acquisition and with respect to the Person holding the relevant Portfolio Assets that are the subject of such Portfolio Acquisition, the ratio of (i) the Indebtedness of such Person that was Incurred to acquire such Portfolio Assets to (ii) the cash consideration paid or payable for such Portfolio Assets by such Person.

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Loan to Cost means the Outstanding Landing-TVC Loan Amount in relation to the Aggregate Acquisition Cost.

Loan to Cost means the ratio between the Bond Debt to the Costs relating to the Solar Power Facilities.

Examples of Loan to Cost in a sentence

If at any time Administrative Agent shall determine, based upon an Appraisal obtained pursuant to Section 9.16(f), that the Loan to Value Ratio is greater than 75%, or the Loan to Cost Ratio is greater than 80%, Borrower shall, within thirty (30) days after receipt of Notice from Administrative Agent, repay the Loan in an amount sufficient to comply with this Section 9.22.
The Loan Parties will not permit the Loan to Cost Ratio with respect to all Financed Properties to exceed 85% as of any Quarterly Determination Date.
The Loan Parties will not permit the Loan to Cost Ratio with respect to all Financed Properties to exceed 90.0% as of any Quarterly Determination Date.
Borrower agrees that from the date hereof and until final payment in full of the Obligations, unless Lender shall otherwise consent in writing, Borrower shall comply with the following: Loan to Cost Limitation.
Such Loan shall be the lesser of (i) the Loan Amount, (ii) an amount equal to 75% of the Appraised Value or (iii) an amount such that the Loan to Cost is no less then 75%.
The Loan Value for each Lot and/or Home included in the Borrowing Base will not exceed the least of (a) the product of (i) the appraised value of the Lot and/or Home, or (ii) the total sales price for the Lot/or and Home under an Approved Sales Contract therefor (whichever is less) multiplied times the Loan to Value ratio, or (b) the product of the budgeted cost (“Total Cost”) of the Lot and/or Home reflected on the budget approved by Lender (“Budget”) multiplied times the Loan to Cost Ratio.
The Loan Amount will not exceed the least of (a) the product of (i) the appraised value of the Lot and/or Home, or (ii) the total sales price for the Lot/or and Home under an Approved Sales Contract therefor (whichever is less) multiplied times the Loan to Value ratio, or (b) the product of the budgeted cost (“Total Cost”) of the Lot and/or Home reflected on the budget approved by Lender (“Budget”) multiplied times the Loan to Cost Ratio.
Borrower shall at all times maintain a Loan to Cost Ratio that does not, at any time, exceed eighty-five percent (85%).
The Interest Rate; Origination Fee; Line Expiration Date; Unit Maturity Date for each type of Home or Lot; Loan to Value Ratio; Loan to Cost Ratio; Lot, Speculative and Model Home Limitations; and other limitations and guidelines governing the Loans and the making of a Loan for any specific Lot or Home shall be as set out on Exhibit “A”.
At all times during the term of this Agreement, Borrower shall maintain a Loan to Value Ratio of not greater than 75% and a Loan to Cost Ratio percent not greater than 80%.

More Definitions of Loan to Cost

Loan to Cost means, as determined on any date, the percentage arrived at by dividing (i) the outstanding principal balance of the Loan on such date by (ii) the Cost of the Property.

Loan to Cost means, at any time, the ratio (expressed as a percentage) that the Loans and any other amounts outstanding under the Finance Documents, bear to the aggregate amount of costs incurred in respect of the original acquisition of the Properties.

Loan to Cost. Ratio: the percentage, calculated from time to time, which is equal to: (1) the cumulative Advances of the Loan made with respect to ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇/▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇/▇▇, divided by (2) the Inventory Costs incurred to date for ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇/▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇/▇▇.