LTV Percentage means, at any time, the quotient (expressed as a percentage) of (a) the Total Outstandings divided by (b) the Collateral Value.
LTV Percentage means the ratio calculated by Lender (expressed as a percentage) of (i) the then Outstanding Principal Balance of the Loan and any New Mezzanine Loan (excluding the amount of any Defeased Note) to (ii) the Appraised Value of the Properties remaining subject to the Lien of the Loan Documents after giving effect to the release of the Property in question.
LTV Percentage means, as of any date of determination, a fraction expressed as a percentage which is the result of dividing (x) the aggregate amount of all outstanding Obligations under the Facility as of such date (the numerator) by (y) the Valuation Amount as of such date (the denominator) as such Valuation Amount shall be adjusted based on the reasonable estimates of the Master Servicer to reflect the impact of sales by the Borrowers of certain Library Titles and related Collateral from time to time.
Examples of LTV Percentage in a sentence
After giving effect to such Borrowing, the LTV Percentage shall not exceed the Maximum LTV Percentage.
The LTV Percentage shall not exceed the Maximum LTV Percentage, in each case, as of the Closing Date.
The LTV Percentage shall not exceed the Maximum LTV Percentage, in each case, as of the Phase 2 Closing Date.
Permit the LTV Percentage (calculated using the most recent Valuation Amount in a Valuation Report) to exceed the Maximum LTV Percentage.
More Definitions of LTV Percentage
LTV Percentage means as of the Effective Date, sixty (60%) percent; provided that the LTV Percentage shall decrease on the date of each required amortization payment of the Term Loans made pursuant to Section 2.06(a) and (b) hereof to a percentage equal to the Loan to Value Ratio as calculated after giving effect to each such repayment of the Term Loans; provided further that in no event shall the LTV Percentage at any time be less than fifty (50%) percent.
LTV Percentage means the ratio (expressed as a percentage) of (x) the aggregate of the Loan less any monies deposited into a blocked account pursuant to clause 8.1.8(b) to (y) the aggregate Market Value of the Property;
LTV Percentage means, at any time, a percentage amount equal to the quotient of (a) the unpaid principal balance of the Loans outstanding hereunder at such time, divided by (b) the Eligible NAV at such time.
LTV Percentage has the meaning given to it in clause 18.1 (LTV Percentage).
LTV Percentage has the meaning given to it in the Specific Terms;
LTV Percentage means fifty (50%) percent.
LTV Percentage means sixty percent (60%).