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.