Portfolio LTV definition

Portfolio LTV means, as of any date of determination, the ratio (expressed as a percentage rounded down to the nearest whole number) of (a) the aggregate amount of Advances Outstanding as of such date to (b) the most recent Total Portfolio Value as of such date.

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Portfolio LTV means, at any time, the aggregate amount of the (i) Loans, (ii) any loans or credits being senior to a Loan in relation any Real Estate and (iii) any loans and credits ranking pari passu to a Loan in relation any Real Estate as a percentage of the Market Value;

Portfolio LTV means, with respect to all Collateral Obligations as of any date of determination, the result, as expressed as a percentage, of (i) the outstanding principal amount of all Advances divided by (ii) the sum of (x) the Adjusted Aggregate Eligible Collateral Obligation Balance plus (y) the amount of Principal Collections on deposit in the Principal Collection Account minus (z) the Unsettled Equity Amount.

Examples of Portfolio LTV in a sentence

• The Borrower shall make all Portfolio LTV Prepayments as set forth in the Margining Agreement.

• Borrower shall at all times after the Revolving Credit Period during which the outstanding principal balance of the Loan is less than the Portfolio LTV Threshold cause the Weighted Average FICO Score of the Financed Pool of Eligible Receivables consisting of Eligible A Receivables which have a FICO Score to be equal to or greater than six hundred fifty (650).

• If Administrative Agent, on behalf of Buyer, determines that the Portfolio LTV exceeds the Maximum Portfolio Exposure Threshold based on such updated Appraisals, Seller shall be required to repay the Aggregate Repurchase Price in an amount sufficient to cause the Portfolio LTV to equal the Maximum Portfolio Exposure Threshold.

• Solely with respect to an Advance The Portfolio LTV is equal to or less than (i) during the Waiver Period, (x) the Portfolio LTV is equal to or less than the Target Portfolio LTV and (y) the proceeds of such Advance are equal to or less than the Waiver Period Advance Proceeds62.5% and (ii) after the end of the Waiver Period, the Portfolio LTV is equal to or less than the Target Portfolio LTV, in each case, after giving effect to such Advance.

• Solely with respect to an Advance (i) during the Waiver Period, (x) the Portfolio LTV is equal to or less than the Target Portfolio LTV and (y) the proceeds of such Advance are equal to or less than the Waiver Period Advance Proceeds and (ii) after the Waiver Period, the Portfolio LTV is equal to or less than the Target Portfolio LTV, in each case, after giving effect to such Advance.

• Upon the occurrence of any Specified Borrowing BasePortfolio LTV Breach after the Post-Waiver Period Cut-Off Date, such event shall be deemed to be continuing until such time as the Advances outstandingPortfolio LTV no longer exceed the Borrowing Baseexceeds the EOD Target Portfolio LTV (or as otherwise waived by the Facility Agent in its sole discretion).

More Definitions of Portfolio LTV

Portfolio LTV means, as of any date of determination, the ratio (expressed as a percentage) of the product of (i) the weighted average Maximum Purchase Price Percentage of all Purchased Assets as of such date, multiplied by (ii) the weighted average LTV for all Purchased Assets as of such date based on the most recent Appraisals delivered by Seller to Administrative Agent pursuant to the terms of this Agreement.

Portfolio LTV means, as of any date of determination, the ratio, expressed as a percentage, of (a) the outstanding principal balance of the Loans as of such date to (b) the value of the Projects as of such date, as determined by the Administrative Agent (on behalf of the Lenders) in accordance with the Administrative Agent's customary underwriting practices in effect at the time of such determination for assets of a similar nature to the Projects.

Portfolio LTV means, at any time, the aggregate amount of (i) the Loans, (ii) any loans or credits provided by a third party being senior to a Loan in relation to any Real Estate and (iii) any loans and credits provided by a third party ranking pari passu to a Loan in relation the relevant Real Estate as a percentage of the Market Value of that Real Estate, and for this purpose loans and credits ranking junior to a Loan shall be loans and credits which are subordinated in an insolvency scenario from a priority perspective (Sw; i förmånsrättsligt hänseende), for the avoidance of doubt, calculated pro rata based on the amount of the Loans;

Portfolio LTV means, as of any date of determination, the ratio (expressed as a percentage rounded down to the nearest whole number) of (a) the aggregate amount of Advances Outstanding as of such date less the amount of any capital contributions received by the Borrower and deposited in the Collection Account since (but not including) the last occurring Payment Date (it being understood that any such capital contributions so contributed will be deemed to be Principal Collections and may not be withdrawn from the Collection Account other than pursuant to Section 2.08) to (b) the most recent Total Portfolio Value as of such date.

Portfolio LTV means, as of any date of determination, the ratio (expressed as a percentage rounded down to the nearest whole number) of (a) the aggregate amount of Advances Outstanding as of such date less the amount of any capital contributions received by the Borrower and deposited in the Collection Account since (but not including) the last occurring Payment Date (it being understood that any such capital contributions so contributed will be deemed to be Principal Collections and may not be withdrawn from the Collection Account other than pursuant to Section 2.08) to (b) the most recent Total Portfolio Value as of such date.