LTC Ratio definition
LTC Ratio means the ratio of all of the Loans to the aggregate of all of the Loans and the Sponsor Equity, as in the formula:
LTC Ratio means, with respect to any particular Collateral Pool Property, as of any date of determination by Administrative Agent, the outstanding principal balance of the Revolving Loans advanced for such Collateral Pool Property, as a percentage of the acquisition costs for such Collateral Pool Property.
LTC Ratio means the ratio of all of the Loans to the aggregate of all of the Loans and the Sponsor Equity, as in the formula: ^ Loans ^ Loans + Sponsor Equity Maiden Voyage Costs means any costs of the Vessel incurred in respect of its maiden voyage from the place of delivery under the Shipbuilding Contract to the first location provided for in a Drilling Charter, including costs associated with positioning the Vessel for delivery under such Drilling Charter.
Examples of LTC Ratio in a sentence
As of the Test Date, each of the Collateral Pool Properties (i) satisfies the requirements to be an Eligible Property, and (ii) remains in compliance with the maximum LTV Ratio and LTC Ratio and minimum Property Debt Yield set forth in the definition of “Maximum Collateral Pool Property Availability”, calculated as set forth on Schedule 6(h) to this Compliance Certificate.
More Definitions of LTC Ratio
LTC Ratio means, as of any date of determination with respect to any Equipment Indebtedness outstanding incurred in respect of the OpenAI Contract, the ratio, expressed as a percentage, of (a) the principal amount of such Equipment Indebtedness to (b) the total OpenAI Project Costs as of such date of determination. “LTV Ratio” means, with respect to any Indebtedness outstanding, the ratio, expressed as a percentage, of the principal amount of such Indebtedness to the total value (as measured by the Company in its good faith and reasonable business judgment) attributable to the collateral securing such Indebtedness. “Management Advances” means loans or advances made to, or Guarantees with respect to loans or advances made to, future, present or former employees, directors, officers, managers, contractors, consultants or advisors (or their respective Controlled Investment Affiliates or Immediate Family Members) of any Parent Entity, the Company or any Restricted Subsidiary: (1) (a) in respect of travel, entertainment, relocation or moving related expenses, payroll advances and other analogous or similar expenses or payroll expenses, in each case incurred in the ordinary course of business or consistent with past practice or (b) for purposes of funding any such Person’s purchase of Capital Stock (or similar obligations) of the Company, its Subsidiaries or any Parent Entity with (in the case of this clause (1)(b)) the approval of the Board of Directors of the Company;
LTC Ratio means, as of any date of determination with respect to any Equipment Indebtedness outstanding incurred in respect of the OpenAI Contract, the ratio, expressed as a percentage, of (a) the principal amount of such Equipment Indebtedness to (b) the total OpenAI Project Costs as of such date of determination.
LTC Ratio means, as of any date of determination with respect to any Equipment Indebtedness outstanding incurred in respect of the Open AI Contract, the ratio, expressed as a percentage, of (a) the principal amount of such Equipment Indebtedness to (b) the total Open AI Project Costs as of such date of determination. “LTV Ratio” means, with respect to any Indebtedness outstanding, the ratio, expressed as a percentage, of the principal amount of such Indebtedness to the total value (as measured by the Borrower in its good faith and reasonable business judgment) ofattributable to the collateral securing such Indebtedness. “Margin Stock” has the meaning set forth in Regulation U of the Board of Governors as in effect from time to time. “Material Acquisition” means any Acquisition by the Borrower or any Restricted Subsidiary consummated after the Effective Date with respect to such transaction or series of transactions, the Acquisition Consideration is in excess of $50,000,000. “Material Adverse Effect” means a material adverse effect on (a) the business, financial condition or results of operations of the Obligors and their respective Subsidiaries, taken as a whole, (b) the ability of the Obligors and their respective Subsidiaries, taken as a whole, to perform their payment obligations hereunder, (c) the legality, validity, binding effect or enforceability against any Obligor of any Loan Document to which it is a party or (d) the rights of or remedies,
LTC Ratio means, as of any given date, the ratio (expressed as a percentage) of the outstanding balance of the Facility Loan (or if not yet funded, the maximum amount of the Facility Loan) to the applicable Underlying Borrower’s costs for, and in respect of, the Underlying Loan and the Mortgaged Property (including budgeted renovation, replacing tenant and repositioning costs).
LTC Ratio means, at the relevant time of determination, the ratio (expressed as a percentage) of: A / B where: