Maintenance of Loan to Value Ratio Sample Clauses

The Maintenance of Loan to Value Ratio clause requires the borrower to ensure that the value of the collateral securing a loan remains above a specified percentage relative to the outstanding loan balance. In practice, this means that if the value of the secured asset (such as real estate or securities) falls below the agreed threshold, the borrower may need to provide additional collateral or make partial repayments to restore the required ratio. This clause serves to protect the lender by minimizing the risk of the loan becoming under-secured if the value of the collateral declines.
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Maintenance of Loan to Value Ratio. The Borrower shall maintain a loan to value ratio whereby any balances outstanding under the Note shall not exceed 75% of the present value of the Collateral Base discounted 10%. This requirement in no way requires the Bank to loan Borrower 75% of the present value of the Collateral Base and the Borrower acknowledges that it is pledging all of its interest in the Oil and Gas Properties and not just that percentage of the Oil and Gas Properties necessary for the Loan to not exceed 75% of the present value of the Oil and Gas Properties discounted at 10%.
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Maintenance of Loan to Value Ratio. (i) By the date no later than 120 days after the Closing Date, cause the Loan to Value Ratio to be equal to or less than 85%. It is understood that the Borrower may comply with this Section 5.11(c)(i) either by (A) reducing the outstanding principal balance of the Term Loan drawn on the Closing Date in a manner described in clause (y) of the proviso in the definition of “Loan to Value Ratio” in Section 1.1, or (B) pledging to the Administrative Agent Eligible Property by delivering to the Administrative Agent Real Property Security Documents or such other documentation as the Administrative Agent may reasonably request including filings and deliveries necessary to perfect such Liens for such Eligible Property, in either case, no later than 120 days after the Closing Date. (ii) Commencing with the date that is 121 days after the Closing Date, if at any time the Loan to Value Ratio exceeds 85%, then within sixty (60) days after any Loan Party has knowledge thereof pledge to the Administrative Agent Eligible Property to secure the Obligations such that after giving effect to such pledge the Loan to Value Ratio does not exceed 85% and, in connection with the foregoing, deliver to the Administrative Agent Real Property Security Documents or such other documentation as the Administrative Agent may reasonably request including filings and deliveries necessary to perfect such Liens for such Eligible Property.
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Maintenance of Loan to Value Ratio. If at any time the aggregate principal amount of all outstanding Loans is more than 65% of the Market Value of all Roadmaster Stock, the Borrower shall prepay the Loans so that, after giving effect to such prepayment, the ratio of (x) the aggregate principal amount of all outstanding Loans to (y) the Market Value of all Roadmaster Stock is no more than 65%.
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Maintenance of Loan to Value Ratio. The Borrower shall maintain during each Fiscal Quarter the Loan to Value Requirement.
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Maintenance of Loan to Value Ratio. Notwithstanding anything to ----------------------------------- the contrary contained in this Agreement, the Company shall at all times maintain a loan to value ratio that does not exceed sixty five percent (65%) with respect to its aggregate indebtedness. It is understood that indebtedness may be incurred by the Company on the Merger Date in order to finance a portion of the consideration of the Tower Merger, subject to the foregoing.
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Maintenance of Loan to Value Ratio. On and after the ---------------------------------- Collateralization Date, the Borrower shall maintain during each Fiscal Quarter the Loan to Value Requirement.
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Related to Maintenance of Loan to Value Ratio

  • Loan-to-Value Ratio The fraction, expressed as a percentage, the numerator of which is the original principal balance of the related Mortgage Loan and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Loan to Value The maximum principal amount of the Note does not exceed one hundred twenty-five percent (125%) of the fair market value of the Property as set forth on the appraisal of the Property delivered to Lender.

  • Maintenance of Liquidity Seller shall ensure that it has cash and Cash Equivalents (excluding Restricted Cash or cash pledged to Persons other than Buyer), in an amount not less than $40,000,000.

  • Debt Service Coverage Ratio Calculation: If school owns its facility or if the school leases its facility and the lease is capitalized: (Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) If school leases its facility and the lease is not capitalized: (Facility Lease Payments + Net Income + Depreciation Expense + Interest Expense) divided by (Principal + Interest + Lease Payments) Data Source: Annual Fiscal Audit Report

  • Repayment of Loans; Evidence of Debt (a) Each Borrower hereby unconditionally promises to pay (i) to the Applicable Agent for the account of each Lender the unpaid principal amount of each Revolving Loan made by such Lender on the Maturity Date, (ii) to the Applicable Agent for the account of each Lender the unpaid principal amount of each Competitive Loan on the last day of the Interest Period applicable to such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Maturity Date and the first date after such Swingline Loan is made that is the 15th day or the last day of a calendar month and that is at least one Business Day after the day on which such Swingline Loan shall have been made. (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class and Type thereof and the Interest Period, if any, applicable thereto, and (ii) the amounts of all sums received by the Agents hereunder for the accounts of the Lenders and each Lender’s share thereof. Each other Agent shall promptly provide the Administrative Agent with all information needed to maintain such accounts in respect of the Loans administered by such Agent. (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement. (e) Any Lender may request that Loans of any Class made by it be evidenced by a promissory note. In such event, each Borrower shall execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in substantially the form attached hereto as Exhibit F. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns).