LTC definition

LTC shall have the meaning set forth in the introductory paragraph hereof.

LTC means the ratio of the loan amount (or unpaid principal balance) of any Mortgage Loan to the total acquisition costs at the time of acquisition of the property that secured the Mortgage Loan, including, without limitation, closing costs, title, recording and conveyancing fees, transfer taxes or documentary stamp taxes, pro-rata adjustments, lenders fees and origination charges.

LTC means long term care.

Examples of LTC in a sentence

• LTC shall indemnify Executive and hold her harmless from and against all claims, actions, losses, damages, expense or liabilities (including expenses of defense and settlement) (“Claim”) based upon or in any way arising from or connected with her employment by LTC, to the maximum extent permitted by law.

• Any compensation or remuneration which Executive receives in consideration of her service on the board of directors of other companies shall be the sole and exclusive property of Executive, and LTC shall have no right or entitlement at any time to any such compensation or remuneration.

• To the extent permitted by law, LTC shall advance to Executive any expenses necessary in connection with the defense of any Claim which is brought if indemnification cannot be determined to be available prior to the conclusion of, or the investigation of, such Claim.

• Executive accepts the position of Executive Vice President, Chief Financial Officer and Treasurer of LTC, and agrees that during the term of this Agreement she will faithfully perform her duties and, except as expressly approved by the Board of Directors of LTC, will devote substantially all of her business time to the business and affairs of LTC, and will not engage, for her own account or for the account of any other person or entity, in a business which competes with LTC.

• It is acknowledged and agreed that Executive may serve as an officer and/or director of companies in which LTC owns voting or non-voting stock.

More Definitions of LTC

LTC means LTC Properties, Inc., a Maryland corporation.

LTC shall have the meaning set forth in the recitals hereof.

LTC means Learning and Teaching Committee or the standing Committee to which it may delegate the authority

LTC means Long-term Care Facilities, which are facilities that provide rehabilitative, restorative, and/or ongoing skilled nursing care to patients or residents in need of assistance with activities of daily living.

LTC means Long-Term Care as described in “Description of the Business – Seniors Housing Industry in Canada – Types of Residences”.

LTC means a Long-Term Acute Care Hospital with an average length of stay of greater than 25 days. LTC facilities are identified by the last four digits of the Medicare provider number, which range between “2000” and “2299”. Rehabilitation hospitals, Veterans Administration hospitals and psychiatric hospitals are not considered to be a LTC. LTCs can be a satellite and/or hospital- within-a-hospital or co-located within another facility.

LTC means, as of any date of determination and with respect to any Mortgage Loan, the ratio of the Principal Balance of such Mortgage Loan to the sum of (i) the Mortgaged Property Valuation of the related Mortgaged Property and (ii) any Capital Expenditures made with respect to such Mortgage Loan since the date of the most recent Current Appraisal.