Applicable LTV Trigger definition

Applicable LTV Trigger means, as of any date of determination, (a) during the Revolving Period, 70% and (b) at any point after the expiration of the Revolving Period, the percentage set forth in the table below corresponding to the Total Obligors as of such date:
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Applicable LTV Trigger means, as of any date of determination, (a) during the Revolving Period, 65% and (b) at any point after the expiration of the Revolving Period, either (i) the percentage set forth in Table 1 below corresponding to the Total Obligors or (ii) the percentage set forth in Table 2 below corresponding to the number of years that have elapsed since the Closing Date, in each case, as of such date: Table 1: Table 2: ; provided that, if the two tables above would yield different results, then the applicable percentage shall be the lower Applicable LTV Trigger and the higher Additional Lender Paydown Percentage.
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Applicable LTV Trigger means, as of any date of determination, (a) during the Revolving Period, 65% and (b) at any point after the expiration of the Revolving Period, either (i) the percentage set forth in Table 1 below corresponding to the Total Obligors or (ii) the percentage set forth in Table 2 below corresponding to the number of years that have elapsed since the Closing Date, in each case, as of such date: Table 1: More than 20 60 % 10 % 15 – 20 45 % 35 % 10 – 15 30 % 70 % Less than 10 0 % 100 % Table 2: Beginning of Year 4 to end of Year 5 60 % 10 % Year 6 45 % 35 % Year 7 30 % 70 % Beginning of Year 8 to Maturity Date 0 % 100 % ; provided that, if the two tables above would yield different results, then the applicable percentage shall be the lower Applicable LTV Trigger and the higher Additional Lender Paydown Percentage.
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Related to Applicable LTV Trigger

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.

  • Ratings Trigger Event has the meaning set forth in Section 3.14 of the Sale and Servicing Agreement.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Delinquency Trigger means, for any Payment Date and the related Collection Period, 24.00%.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.