Prepayment Ratio definition

Prepayment Ratio means in respect of the sale or Total Loss of a Mortgaged Vessel the Valuation Amount of such Mortgaged Vessel immediately prior to such sale or Total Loss divided by the Security Value immediately prior to such sale or Total Loss and for these purposes any valuation of a Vessel (calculated in accordance with Clause 8.2.2) may be no more than two months old;

Prepayment Ratio means with respect to an Assessor's Parcel, for each series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds, the ratio of (i) the Annual Special Tax revenue or portion thereof applicable to the Assessor's Parcel at the time each such series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds were issued and which were used in providing the minimum debt service coverage required to issue such series of Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds, as reasonably determined by the Board, to (ii) the sum of all Annual Special Tax revenue used in providing the minimum debt service coverage required to issue such series of applicable Zone 1 Bonds, Zone 2 Bonds, Zone 3 Bonds or Zone 4 Bonds, as reasonably determined by the Board.

Prepayment Ratio means, with respect to an Assessor's Parcel, for each series of Bonds, the ratio of

Examples of Prepayment Ratio in a sentence

• Prepayment Ratio The sum of (a) the aggregate amount of prepayments in full or partial prepayment on the mortgage loans (including curtailments and liquidations) from the pool cut-off date through the last day of the specified period divided by (b) Beginning Scheduled Balance for the specified period.

• Cumulative Prepayment Ratio The sum of (a) the aggregate amount of prepayments in full or partial prepayment on the mortgage loans (including curtailments and liquidations) from the pool cut-off date through the last day of the specified period divided by (b) Scheduled Balance of loans in pool as of the pool cut-off date.

• On the date of completion of the sale of a Mortgaged Vessel the Borrowers must prepay the Loan by an amount equal to the greatest of (i) the Relevant Tranche, (ii) the amount of the Loan on the date on which such prepayment is required to be made multiplied by the Prepayment Ratio and (iii) such amount as would be required to ensure that the Security Value after such prepayment exceeds the Required Security Amount.

• On the date of completion of the sale of a Mortgaged Vessel the Borrowers must prepay the Loan by an amount equal to the greater of (i) the Relevant Tranche and (ii) the amount of the Loan on the date on which such prepayment is required to be made multiplied by the Prepayment Ratio.

• The "Prepayment Ratio" shall be a fraction, the numerator of which shall be the amount of principal being prepaid, and the denominator of which shall be the principal then outstanding.

More Definitions of Prepayment Ratio

Prepayment Ratio means a fraction, the numerator of which shall be the amount of principal being prepaid, and the denominator of which shall be the principal then outstanding.

Prepayment Ratio means in respect of the sale or Total Loss of a Mortgaged Vessel the Valuation Amount of such Mortgaged Vessel immediately prior to such sale or Total Loss divided by the aggregate of the Valuation Amounts of all Mortgaged Vessels immediately prior to such sale or Total Loss and for these purposes any valuation of a Vessel (calculated in accordance with Clause 8.2.2) may be no more than two months old;

Prepayment Ratio means, with respect to an Assessor's Parcel, for each series of Bonds, the ratio of (i) the Assigned Annual Special Tax or portion thereof applicable to the Assessor's Parcel at the time each such series of Bonds was issued and which was used in providing the minimum debt service coverage required to issue such series of Bonds, as reasonably determined by the Assistant Superintendent, to (ii) the sum of all the Assigned Annual Special Taxes used in providing the minimum debt service coverage required to issue such series of Bonds, as reasonably determined by the Assistant Superintendent.

Prepayment Ratio means, with respect to any Individual Property, the greater of: (i) the ratio, expressed as a percentage, that the fair market value for such Individual Property (as determined and confirmed by the appraisals delivered by the Tenant to the Landlord and the Agent pursuant to Sections 6(d) and 7(e)(v) of the Agency and Development Agreement) bears to the Aggregate Fair Market Value of the Leased Property, or (ii) the ratio, expressed as a percentage, that the Allocable Costs for such Individual Property bear to the total aggregate Costs of the Projects.

Prepayment Ratio means in respect of the sale or Total Loss of a Vessel, the Market Value of such Vessel immediately prior to such sale or Total Loss divided by the aggregate Market Value of the Vessels immediately prior to such sale or Total Loss and for these purposes any valuation of a Vessel used in the calculation of such ratio may be no more than 30 days old.

Prepayment Ratio means, with respect to any Prepaid Reference Security, a ratio equal to the fraction the numerator of which is the Repayment Notional of such Prepaid Reference Security and the denominator of which is the Par Amount of such Prepaid Reference Security.

Prepayment Ratio means the ratio of (i) the amount of the Loan immediately before any prepayment of the Loan under this Clause to (ii) the aggregate Market Values of the Mortgaged Ships before any prepayment of the Loan under this Clause; and