LTV Breach definition

LTV Breach means that the LTV Ratio on any date exceeds the LTV Maximum Ratio.
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LTV Breach means at any time the LTV Ratio exceeds the Maximum LTV Ratio. “LTV Breach Notice” has the meaning specified in Section 2.08(c).
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LTV Breach has the meaning ascribed to such term in the Margin Loan Agreement.
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Examples of LTV Breach in a sentence

  • This LTV Breach Notice and any non-contractual obligations arising out of or in connection with it are governed by New York law.

  • As used in this Section 2.08, “Cure Time” means 9:00 a.m. (New York City time) on the Business Day immediately following the Business Day on which the LTV Breach Notice is delivered by Lender to Borrower.

  • The Company shall promptly notify the Shareholders in the event that it reasonably believes that an LTV Breach may occur under the Margin Loan Agreement.

  • Upon a LTV Breach, the Company shall immediately provide notice to each Shareholder of such breach, and each Shareholder shall satisfy any funding obligation arising in connection with an LTV Breach by depositing, into the Company’s account, such Shareholder’s proportionate share of the funding obligation as determined in accordance with this Section 5.05, promptly, and no later than the applicable deadline under the Margin Loan Agreement to cure such breach, after delivery of such notice.

  • If the Loan-to-Value Ratio on any LTV Test Date is greater than the LTV Cash Sweep Ratio Threshold but less than or equal to the LTV Maximum Ratio, a “LTV Cash Sweep Event” shall have occurred (a LTV Breach or a LTV Cash Sweep Event, each a “LTV Failure”).

  • Upon the occurrence of any Specified Borrowing BasePortfolio LTV Breach after the Post-Waiver Period Cut-Off Date, such event shall be deemed to be continuing until such time as the Advances outstandingPortfolio LTV no longer exceed the Borrowing Baseexceeds the EOD Target Portfolio LTV (or as otherwise waived by the Facility Agent in its sole discretion).

  • Notwithstanding the above, so long as no Default (including an LTV Breach) or Event of Default has occurred or would result therefrom, Administrative Agent hereby agrees to consent to any withdrawals of Collateral in excess of the Daily Withdrawal Limit to the extent such withdrawals or the proceeds thereof are to be used to immediately pay down the Obligations.

  • This view requires that the consultant bring to light potentially competing goals embedded in the client organization and seek to resolve them.


More Definitions of LTV Breach

LTV Breach means, as of any date of determination, the actual LTV Ratio (as determined by Calculation Agent) equals or exceeds the Maximum LTV Ratio.
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LTV Breach has the meaning set forth in Section 7.12(a)(i).
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LTV Breach means that the LTV Ratio on any date exceeds the LTV Maximum Ratio. “LTV Breach Notice” has the meaning specified in Section 2.09(a).
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LTV Breach means the actual LTV Ratio as of any date of determination exceeds the LTV Maximum Ratio. " LTV Maximum Ratio " has the meaning specified in the Letter Agreement.
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Related to LTV Breach

  • Serious Breach means any breach defined as a Serious Breach in the Agreement or any breach or breaches which adversely, materially or substantially affect the performance or delivery of the Services or compliance with the terms and conditions of the Agreement or the provision of a safe, healthy and supportive learning environment or a breach of security that adversely affects the Personal Data or privacy of an individual. Failure to comply with Law, or actions or omissions by the Provider that endanger the Health or Safety of Learners, Provider Personnel, and all other persons including members of the public would constitute a Serious Breach;

  • Major Breach means a breach of:

  • Data Breach means the unauthorized access by an unauthorized person that results in the use, disclosure or theft of Customer Data.

  • Non-Breaching Party has the meaning set forth in Section 9.3.

  • Credit Breach means the status of a Participant that does not currently meet the requirements of Tariff, Attachment Q or other provisions of the Agreements.

  • Breach means an impermissible use or disclosure of electronic or non-electronic sensitive personal information by an unauthorized person or for an unauthorized purpose that compromises the security or privacy of Confidential Information such that the use or disclosure poses a risk of reputational harm, theft of financial information, identity theft, or medical identity theft. Any acquisition, access, use, disclosure or loss of Confidential Information other than as permitted by this DUA shall be presumed to be a Breach

  • Data Breaches Party shall report to AHS, though its Chief Information Officer (CIO), any impermissible use or disclosure that compromises the security, confidentiality or privacy of any form of protected personal information identified above within 24 hours of the discovery of the breach. Party shall in addition comply with any other data breach notification requirements required under federal or state law.

  • Minor Breach means a delay or non-performance by either Party of its obligations under the Agreement which does not materially, adversely or substantially affect the performance or delivery of the Service or the provision of a safe, healthy and supportive learning environment;

  • Privacy Breach means a common law breach of confidence, infringement, or violation of any rights to privacy, including but not limited to breach of “Your” privacy statement, breach of a person’s right of publicity, wrongful collection, false light, intrusion upon a person’s seclusion, public disclosure of “Private Information”, or misappropriation of a person’s picture or name for commercial gain.

  • Persistent Breach means a Default which has occurred on three or more separate occasions with a continuous period of six (6) months.

  • Material Breach means a breach by either Party of any of its obligations under this Agreement which has or is likely to have a Material Adverse Effect on the Project and which such Party shall have failed to cure.

  • Terminating Acquiror Breach has the meaning specified in Section 10.01(c).

  • Willful Breach means a material breach that is a consequence of an act undertaken or a failure to act by the breaching party with the knowledge that the taking of such act or such failure to act would, or would reasonably be expected to, constitute or result in a breach of this Agreement.

  • Security Breach means (i) any act or omission that materially compromises either the security, confidentiality or integrity of Named Entity Protected Data, or the physical, technical, administrative or organizational safeguards put in place by Vendor or any Authorized Persons that relate to the protection of the security, confidentiality or integrity of Named Entity Protected Data, (ii) receipt of a complaint in relation to the privacy practices of Vendor or any Authorized Persons or a breach or alleged breach of this Contract relating to such privacy practices.

  • Intentional Breach means, with respect to any representation, warranty, agreement or covenant, an action or omission taken or omitted to be taken that the breaching party intentionally takes (or intentionally fails to take) and knows (or reasonably should have known) would, or would reasonably be expected to, cause a material breach of such representation, warranty, agreement or covenant.

  • Breaching Party has the meaning set forth in Section 12.2.

  • Remedy a Violation means to bring the structure or other development into compliance with state and community floodplain management regulations, or, if this is not possible, to reduce the impacts of its noncompliance. Ways that impacts may be reduced include protecting the structure or other affected development from flood damages, implementing the enforcement provisions of the ordinance or otherwise deterring future similar violations, or reducing federal financial exposure with regard to the structure or other development.

  • Substantial Breach means a breach of any of clauses 3.8, 3.9, 4.1, 4.2, 5.1(c)(i) to 5.1(c)(xxiv) (inclusive), 17.1, 17.2, 31.2 or 31.7(c) of this Agreement;

  • Serious violation means OCC has made a valid finding when assessing a serious complaint that alleges:

  • Terminating Company Breach has the meaning specified in Section 10.01(b).

  • Willful and Material Breach means a material breach that is a consequence of an act undertaken by the breaching party or the failure by the breaching party to take an act it is required to take under this Agreement, with knowledge that the taking of or failure to take such act would, or would reasonably be expected to, result in, constitute or cause a breach of this Agreement.

  • Customer Default has the meaning set out in clause 8.3.

  • Notice of Breach means a written notice delivered to the other party within the time period required under the definition of “Cause” or “Good Reason,” as applicable, that (a) indicates, as applicable, the specific provision in this Agreement that the party contends the other party has breached or the specific clause of the definition of “Cause” or “Good Reason” that the party alleges to exist, and (b) to the extent applicable, sets forth in reasonable detail the facts and circumstances Executive or the Company, as applicable, claims provide the basis for such breach or other condition.

  • Cure Period means the period specified in this Agreement for curing any breach or default of any provision of this Agreement by the Party responsible for such breach or default and shall:

  • Repeat violation means a violation of the same regulation in any location by the same person for which voluntary compliance previously has been sought within two years or a notice of civil violation has been issued

  • Cure means a Claim (unless waived or modified by the applicable counterparty) based upon a Debtor’s defaults under an Executory Contract or an Unexpired Lease assumed by such Debtor under section 365 of the Bankruptcy Code, other than a default that is not required to be cured pursuant to section 365(b)(2) of the Bankruptcy Code.