Maximum LTV Percentage means 50%.
Maximum LTV Percentage means (i) on prior to September 10, 2020, 75%, (ii) after September 10, 2020 through and including December 10, 2020, 65%, (iii) after December 10, 2020 through and including March 10, 2021, 55%, and (iv) after March 10, 2021, 40%.
Maximum LTV Percentage initially means 58.7%, and upon the addition of a New Bond Property or an New Additional Property to the Fannxx Xxx Credit Facility pursuant to section 5.4 or section 5.5, the "MAXIMUM LTV PERCENTAGE" shall thereafter be the percentage set forth in the New Property Confirmation delivered in connection with such New Property.
Examples of Maximum LTV Percentage in a sentence
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More Definitions of Maximum LTV Percentage
Maximum LTV Percentage means, as of any Determination Date, (a) if such date occurs during the Availability Period, 80% and (b) if such date occurs after the end of the Availability Period, the percentage set forth in column (3) below calculated by (i) when such Determination Date occurs as set forth in column (1) below or (ii) determining the number of Eligible Loan Assets held by the Borrower on such date in column (2) below, whichever result in clause (i) or (ii) above gives the lowest percentage:
Maximum LTV Percentage means, (a) for any Determination Date occurring during the Availability Period, the Maximum Obligor-Based LTV Percentage, and (b) for any Determination Date occurring after the Availability Period, 0%.
Maximum LTV Percentage means, as of any date of determination, the applicable percentage set forth below. 50% Beginning of year 4 to end of year 6 40% 25% Beginning of year 7 to end of year 8 15% 0% Beginning of year 9 to end of year 10 “Maximum Rate” has the meaning assigned to that term in Section 2.05(g). “Minimum Usage” means an amount equal to seventy percent (70%) of the Maximum Facility Amount. “Moody’s” means Xxxxx’x Investors Services, Inc., or any successor thereto. “Multiemployer Plan” means a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which Holdings, a Loan Party or any ERISA Affiliate contributed or had any obligation to contribute on behalf of its employees at any time during the current year. “Multiple Employer Plan” means an employee benefit plan (as defined in Section 3(3) of ERISA) which has two or more contributing sponsors (including Holdings, each Loan Party or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. “NAIC” has the meaning assigned to that term in Section 3.01(g)means National Association of Insurance Commissioners. “Net Income” means for any period, the net income (or loss) of the Loan Parties, determined on a consolidated basis, after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP. “Non‐Call Period” has the meaning assigned to that term in Section 2.04(d). “Non‐Consenting Lender” means any Lender that does not approve any consent, waiver, amendment, modification or termination that (a) requires the approval of all Lenders or all affected Lenders in accordance with the terms of Section 11.01 and (b) has been approved by the Majority Lenders. “Non‐Dollar Amount” has the meaning assigned to that term in the definition of “Dollar Equivalent.” “Non‐U.S. Lender” has the meaning assigned to that term in Section 2.13(e). “Non‐Usage Fee” shall mean, for any day, from and including the Closing Date to, but excluding, the Facility Termination Date and other than any day on which a Market Trigger Event has occurred and is continuing (with written notice of such Market Trigger Event provided Year after Closing
Maximum LTV Percentage means, as of any date of determination, the applicable percentage set forth below. Year after Closing 0 to end of year 3 Beginning of year 4 to end of year 6 Beginning of year 7 to end of year 8 Beginning of year 9 to end of year 10 Thereafter Max LTV 50% 40% 25% 15% 0% “Maximum Rate” has the meaning assigned to that term in Section 2.05(g). “Minimum Usage” means an amount equal to seventy percent (70%) of the Maximum Facility Amount. “Xxxxx’x” means Xxxxx’x Investors Services, Inc., or any successor thereto.
Maximum LTV Percentage means, if as of any date of determination, LTV as of such date exceeds the “Maximum LTV Percentage” as set forth below as of such date: Years after the Closing Date Maximum LTV Percentage From the Closing Date until 31 March, 2026 58 % From 1 April, 2026 until 31 March, 2028 50 % From 1 April, 2028 until 31 March, 2029 45 % From 1 April, 2029 until 31 March, 2031 30 % Thereafter 0 %