LTV Test. Defined in the Fee and Pricing Letter, which definition is incorporated herein by reference.
LTV Test means a test which assigns a credit enhancement value to each Loan in the Portfolio based on its current loan-to-value ratio and the amount of mortgage indemnity cover on that Loan and whereby the weighted average credit enhancement value for the Portfolio is then determined; Majority Decision means a decision of at least 50 per cent. of the Members which has either been recorded in writing, signed by a majority of the Members or passed by a majority at a Members' meeting or, as applicable, a decision of a properly constituted meeting of the LLP Management Board which has either been recorded in writing and passed by a majority (as set out in Clause 29 of the LLP Deed) at such meeting; Mandate means the Transaction Account Mandate and/or the GIC Account Mandate and/or the mandates in relation to each other LLP Account, as the case may be; Margin means, in respect of a Floating Rate Covered Bond, the percentage rate per annum (if any) specified in the applicable Final Terms Document; Marketing Materials means any investor presentation material or marketing materials prepared by any of the Dealers on the basis of information supplied by any of the Issuer or the LLP and any and all other information, documents, advertisements and notices provided and/or approved by any of the Issuer or the LLP; Master Definitions and Construction Agreement means this master definitions and construction agreement made between the parties to the Transaction Documents on 3 June 2005, as amended and restated on 4 October 2007, 20 May 2008, 8 September 2009, 8 November 2010, 9 September 2011 and 24 December 2012, as amended on 12 July 2013 pursuant to a Deed of Amendment and Termination and as amended and restated on 23 June 2015, 1 June 2016, 24 April 2018 and 18 April 2019 (as the same may be amended, restated, supplemented, replaced or novated from time to time);
LTV Test means a test which assigns a credit enhancement value to each Loan in the Portfolio based on its current loan-to-value ratio and the amount of mortgage indemnity cover on that Loan. The weighted average credit enhancement value for the Portfolio is then determined;
Examples of LTV Test in a sentence
An LTV Trigger Event occurs and is continuing, and the Borrower has failed to cure such LTV Trigger Event in accordance with paragraph (c) of Clause 21.1 (LTV Test).
By fitting the calculated observables to these data we extract the resonance properties, including their Breit-Wigner and pole parameters.
As of the Closing Date and as of each Appraisal Delivery Date (each such date, a “LTV Test Date”), the Lessee shall not permit the LTV Ratio to be greater than sixty percent (60%) (the “LTV Test”); provided that, if the LTV Test would not be satisfied as of any LTV Test Date (other than the Closing Date), the Lessee shall have fifteen (15) days to deliver or adjust any Lessee Letter of Credit by the amount required to cause the LTV Test to be satisfied.
In the present study, as part of data collection, there was documentation of data which was categorised into concepts.
Appellant’s Motion for Partial Summary Judgment In its motion for partial summary judgment, M&W asks the Board to conclude that the Government is not entitled to the $116,661 that is claimed as the cost of runningoil-fired boilers while Boilers 1 and 2 were being repaired, as a matter of law.
More Definitions of LTV Test
LTV Test means a test which assigns a credit enhancement value to each Loan in the Portfolio based on its current loan-to-value ratio and the amount of mortgage indemnity cover on that Loan and whereby the weighted average credit enhancement value for the Portfolio is then determined; Majority Decision means a decision of at least 50 per cent. of the Members which has either been recorded in writing, signed by a majority of the Members or passed by a majority at a Members' meeting or, as applicable, a decision of a properly constituted meeting of the LLP Management Board which has either been recorded in writing and passed by a majority (as set out in Clause 29 of the LLP Deed) at such meeting; Mandate means the Transaction Account Mandate and/or the GIC Account Mandate and/or the mandates in relation to each other LLP Account, as the case may be; Margin means, in respect of a Floating Rate Covered Bond, the percentage rate per annum (if any) specified in the applicable Final Terms Document; Marketing Materials means any investor presentation material or marketing materials prepared by any of the Dealers on the basis of information supplied by any of the Issuer or the Guarantors and any and all other information, documents, advertisements and notices provided and/or approved by any of the Issuer or the Guarantors; Master Definitions and Construction Agreement means this amended and restated master definitions and construction agreement made between the parties to the Transaction Documents on the date hereof (as the same may be amended, restated, supplemented, replaced or novated from time to time);
LTV Test shall have the meaning specified in the Fee Letter.
LTV Test means a test which assigns a credit enhancement value to each loan in the portfolio based on its current loan-to-value ratio and the amount of mortgage indemnity cover on that loan. The weighted average credit enhancement value for the portfolio is then determined; Managers has the meaning given in the relevant Issuer Master Definitions and Construction Schedule; Mandate means the Funding 1 Transaction Account Mandate, the Funding 1 GIC Account Mandate, the Funding 2 Transaction Account Mandate, the Funding 2 GIC Account Mandate and/or the Mortgages Trustee GIC Account Mandate, as the case may be;
LTV Test means, as of any date of calculation, the test that shall be satisfied if the Principal Indebtedness of the Loan is not greater than the product of the aggregate Asset Value and 75%.
LTV Test means that the financing amount must not exceed 80% of the Appraised Value of the Facility. The Appraised Value will be determined by an MAI appraiser acceptable to Lessor.
LTV Test. (A) For each Core Purchased Asset other than Hotel Assets, the ratio of the Purchase Price of each such Core Purchased Asset to the market value of the Underlying Mortgaged Property or Underlying Mortgaged Properties for the related Core Purchased Asset as determined by Buyer in its sole and absolute discretion, shall not exceed an amount equal to *** percent (***%), (B) for each Core Purchased Asset consisting of a Hotel Asset, the ratio of the Purchase Price of each such Core Purchased Asset the market value of the Underlying Mortgaged Property or Underlying Mortgaged Properties for the related Core Purchased Asset as determined by Buyer in its sole and absolute discretion, shall not exceed an amount equal to *** percent (***%), (C) for each Flex Purchased Asset other than Hotel Assets, the ratio of the Purchase Price of each such Flex Purchased Asset to the market value of the Underlying Mortgaged Property or Underlying Mortgaged Properties for the related Flex Purchased Asset as determined by Buyer in its sole and absolute discretion, shall not exceed an amount equal to *** percent (***%), and (D) for each Flex Purchased Asset consisting of a Hotel Asset, the ratio of the Purchase Price of each such Flex Purchased Asset to the market value of the Underlying Mortgaged Property or Underlying Mortgaged Properties for the related Flex Purchased Asset as determined by Buyer in its sole and absolute discretion, shall not exceed an amount equal to *** percent (***%).
LTV Test has the meaning given to it in Clause 10.20(b) of the Credit Agreement.