Loan to Value Ratio for the Trailing 12 Month Period definition

Loan to Value Ratio for the Trailing 12 Month Period means, for a Mortgaged Property, for any specified date, the ratio (expressed as a percentage) of —
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Examples of Loan to Value Ratio for the Trailing 12 Month Period in a sentence

  • On the Initial Closing Date, Lender shall determine (i) the Allocable Facility Amount and Valuation for each Mortgaged Property and (ii) the Aggregate Debt Service Coverage Ratio for the Trailing 12 Month Period and the Aggregate Loan to Value Ratio for the Trailing 12 Month Period.

  • On the Initial Closing Date, Lender shall ---------------------- determine (i) the Allocable Facility Amount and Valuation for each Mortgaged Property and (ii) the Aggregate Debt Service Coverage Ratio for the Trailing 12 Month Period and the Aggregate Loan to Value Ratio for the Trailing 12 Month Period.

  • The Borrower shall at all times maintain the Aggregate Loan to Value Ratio for the Trailing 12 Month Period so that it is not greater than 65%.

  • The Lender shall evaluate the proposed Additional Mortgaged Property, and shall make underwriting determinations as to the Aggregate Facility Debt Service Coverage Ratios and the Aggregate Loan to Value Ratio for the Trailing 12 Month Period applicable to the Collateral Pool, on the basis of 12 Month Valuations made with respect to the proposed Additional Mortgaged Property, and otherwise in accordance with Fann▇▇ ▇▇▇'s DUS Underwriting Requirements.

  • The Borrower shall at all ------------------------------------ times maintain the Aggregate Loan to Value Ratio for the Trailing 12 Month Period so that it is not greater than 55%.

  • The Lender shall evaluate the ------------ proposed Additional Mortgaged Property, and shall make underwriting determinations as to the Aggregate Facility Debt Service Coverage Ratios and the Aggregate Loan to Value Ratio for the Trailing 12 Month Period applicable to the Collateral Pool, on the basis of 12 Month Valuations made with respect to the proposed Additional Mortgaged Property, and otherwise in accordance with ▇▇▇▇▇▇ Mae's DUS Underwriting Requirements, as determined in Lender's discretion.

  • The Lender shall perform a Valuation for each of the Mortgaged Properties, and a determination of the Aggregate Debt Service Coverage Ratios and Aggregate Loan to Value Ratio for the Trailing 12 Month Period (all of which Valuations and determinations shall be binding and conclusive on the Borrower Parties) once each calendar quarter, within 20 Business Days after the Borrower Parties have delivered to the Lender the reports required in Sections 13.01(d)(3) and (4).

  • The AIMCO Parties shall at all times maintain the Aggregate Loan to Value Ratio for the Trailing 12 Month Period so that it is not greater than 60%.

  • The Lender shall evaluate the proposed Additional Mortgaged Property, and shall make underwriting determinations as to the Aggregate Debt Service Coverage Ratios and the Aggregate Loan to Value Ratio for the Trailing 12 Month Period applicable to the Collateral Pool, on the basis of Valuations made with respect to the proposed Additional Mortgaged Property, and otherwise in accordance with ▇▇▇▇▇▇ Mae's DUS Underwriting Requirements.

  • The value of any parcel of ----------------------- Unimproved Land, and any Net Operating Income allocable to any parcel of Unimproved Land, shall not be taken into account in the Aggregate Facility Debt Service Coverage Ratios or Aggregate Loan to Value Ratio for the Trailing 12 Month Period until such time as the Borrowers or Owners construct a Multifamily Residential Property on the Unimproved Land and add the Unimproved Land as an Additional Mortgaged Property pursuant to this Article VI.

Related to Loan to Value Ratio for the Trailing 12 Month Period

  • Loan-to-Value Ratio or LTV With respect to any Mortgage Loan, the ratio of the Stated Principal Balance of the Mortgage Loan as of the related Cut-off Date (unless otherwise indicated) to the lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the Mortgage Loan was made to finance the acquisition of the related Mortgaged Property, the purchase price of the Mortgaged Property, expressed as a percentage.

  • Current Loan-to-Value Ratio The Principal Balance of a Mortgage Loan as of the applicable date of substitution divided by the Appraised Value.

  • Loan-to-Value Ratio With respect to any Mortgage Loan and as to any date of determination, the fraction (expressed as a percentage) the numerator of which is the principal balance of the related Mortgage Loan at such date of determination and the denominator of which is the Appraised Value of the related Mortgaged Property.

  • Combined Loan-to-Value Ratio As to any Second Lien Mortgage Loan at any date of determination, the ratio (expressed as a percentage) of the principal balance of such Mortgage Loan at the date of determination, plus the principal balance of any Superior Lien based upon the most recent information available to the Servicer, to (a) in the case of a purchase, the lesser of the sales price of the Mortgaged Property and its appraised value at the time of sale, or (b) in the case of a refinancing or modification, the appraised value of the Mortgaged Property at the time of such refinancing or modification.

  • Combined Loan-to-Value Ratio or CLTV As of any date and as to any Second-Lien Mortgage Loan, the ratio (expressed as a percentage) of the (a) sum of (i) the outstanding principal balance of the Second-Lien Mortgage Loan and (ii) the outstanding principal balance as of such date of any mortgage loan or mortgage loans that are senior or equal in priority to the Second-Lien Mortgage Loan and which are secured by the same Mortgaged Property to (b)