Maximum LTV Ratio definition

Maximum LTV Ratio means an LTV Ratio of [***].

Maximum LTV Ratio means, in respect of any LTV Test Date and the determination of the LTV Ratio, the percentage rate calculated by reference to the table below: Test Date Maximum LTV Ratio 31 December 2023 eighty per cent. (80%) 31 December 2024 seventy five per cent. (75%) 31 December 2025 seventy five per cent. (75%) 31 December 2026 seventy per cent. (70%) 31 December 2027 sixty five per cent. (65%) 31 December 2028 sixty per cent. (60%) 31 December 2029 fifty five per cent. (55%) 31 December 2030 fifty per cent. (50%) 31 December 2031 forty five per cent. (45%) 31 December 2032 forty per cent. (40%) 31 December 2033 thirty five per cent. (35%) 31 December 2034 thirty per cent. (30%) 31 December 2035 twenty five per cent. (25%) and in the case of testing the LTV Ratio in connection with Clause 21.1(c)(i)(A) on any date not referred to above, the then applicable Maximum LTV Ratio shall be the ratio which results from interpolating on a linear basis between the Maximum LTV Ratio applicable to the immediately preceding scheduled LTV Test Date and the Maximum LTV Ratio applicable to the immediately succeeding scheduled LTV Test Date.

Maximum LTV Ratio means, as of any date of determination, 22.5%, as such percentage may be adjusted from time to time by Lender pursuant to Section 2.12.

Examples of Maximum LTV Ratio in a sentence

• Lender agrees, on the terms and conditions herein set forth, to make a single term loan (the “Advance”) on the Closing Date to Borrower in Dollars upon Borrower’s request, in an amount equal to the lesser of (a) the Facility Limit and (b) the product of the Initial Maximum LTV Ratio times the Value of the Eligible Collateral.

• Lender shall have the right at any time and from time to time, upon 100 days’ prior written notice to Borrower, to adjust the Initial LTV Ratio and/or the Maximum LTV Ratio in its sole and absolute discretion, including the right to adjust either to zero.

• Same as Existing Credit Agreement, except that the Maximum LTV Ratio shall be consistent with the 80 percent test set forth in Mandatory Repayments above and adjusted monthly.

• Lender shall have the right at any time and from time to time, upon 90 days’ prior written notice to Borrower, to adjust the Maximum LTV Ratio in its sole and absolute discretion for risk management purposes, including a right to adjust the Maximum LTV Ratio to 0%.

• As of any date of determination, the LTV Ratio is equal to or exceeds the product of (i) 1.25 multiplied by (ii) the Maximum LTV Ratio as of such date.

More Definitions of Maximum LTV Ratio

Maximum LTV Ratio has the meaning given to such term in the Fee and Ratio Letter;

Maximum LTV Ratio means 85.0%.

Maximum LTV Ratio means (a) for the period from the Effective Date through and including the fourth anniversary of the Effective Date, 75% and (b) thereafter, 70%.

Maximum LTV Ratio. A third-party MAI appraisal ("Appraisal") acceptable to and addressed to Lender must show sufficient value so that the Loan Amount does not exceed 70.0% of the value of the Property at the time of closing. The Appraisal must also address, to Lender's satisfaction, market rents, vacancy and tenant improvement and leasing commission costs, all of which will be among the items used by Lender in determining cash flow available for debt service.

Maximum LTV Ratio has the meaning assigned to such term in Section 2.1(b).

Maximum LTV Ratio means (i) if the [Redacted] is [Redacted], 20%, (i) if the [Redacted] is [Redacted], 25% and (iii) if the [Redacted] is [Redacted], 30%.

Maximum LTV Ratio means 72.5%