Initial LTV Level definition
Initial LTV Level means [ ]%.
Initial LTV Level means [__]%.
Initial LTV Level has the meaning specified in the Fee and Ratio Letter.
Examples of Initial LTV Level in a sentence
Each Lender hereby agrees and acknowledges that, on the Amendment Closing Date, 200,000 Collateral Shares shall be released from the Collateral Accounts and the Lien created by the Security Agreement (such Shares, the “Released Shares”), provided that the LTV Level immediately following such release shall be less than the Initial LTV Level.
More Definitions of Initial LTV Level
Initial LTV Level has the meaning specified in the Additional Terms Letter.
Initial LTV Level means 40%.
Initial LTV Level has the meaning specified in the Fee and Ratio Letter. “Interest Payment Date” means the last Business Day of each calendar quarter and the Maturity Date. “Interest Period” means, for any Advance, each period (a) commencing on, and including, the calendar day immediately following any Interest Payment Date or, in the case of the initial such period for such Advance, the date on which such Advance is made and (b) ending on, and including, the next succeeding Interest Payment Date. “Interest Rate” means, with respect to any Interest Period, the applicable LIBOR plus the Spread. “Investment Company Act” means the United States Investment Company Act of 1940. “IRS” means the United States Internal Revenue Service. “Issuers” means, collectively, CDAY Issuer and DNB Issuer. “Issuer Agreement” means, collectively, each Issuer Agreement, dated as of the date hereof (or any later date on which any Person becomes an Applicable Lender), executed by an Issuer and a Lender, substantially in the form to be agreed to between the Lenders and such Issuer. “Judgment Currency” has the meaning specified in Section 9.14. “Law” means, with respect to any Person, collectively, all international, foreign, U.S. Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case that is applicable to such Person or such Person’s business or operation and whether or not having the force of law. “Lender” has the meaning specified in the preamble hereto. “Lender of Record” has the meaning set forth in the definition of “Required Lenders”. “LIBOR” means, for any Interest Period with respect to any Advance:
Initial LTV Level means 82.5 per cent.
Initial LTV Level means a Loan to Equity Value Percentage of 40.0%.