OLB definition
OLB. For any Loan as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Loan as of such date of determination, and (y) the principal balance of such Loan outstanding as of such date of determination.
OLB. As of any Measurement Date, with respect to any Loan, the principal balance of such Loan outstanding (exclusive of any accrued interest and Accreted Interest).
OLB. For any Loan as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Loan as of such date of determination, and (y) the principal balance of such Loan outstanding as of such date of determination. “Operating Lease Implementation”: The implementation by an Obligor of IFRS 16/ASC 842. “Opinion of Counsel”: A written opinion of counsel, which opinion and counsel are acceptable to the Administrative Agent in its sole discretion. “Original Cash Interest Coverage Ratio”: With respect to any Loan, the Cash Interest Coverage Ratio for such Loan on the date of the related Approval Notice. “Original Net Senior Leverage Ratio”: With respect to any Loan, the Net Senior Leverage Ratio for such Loan on the date of the related Approval Notice. “Original Total Leverage Ratio”: With respect to any Loan, the Total Leverage Ratio for such Loan on the date of the related Approval Notice. “Other Connection Taxes”: With respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Advance or Transaction Document). “Other Taxes”: All present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Transaction Document or any other document providing liquidity support, credit enhancement or other similar support to the Lenders in connection with this Agreement or the funding or maintenance of Advances hereunder, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to a request by the Borrower). “Partial PIK Loan”: A Loan which at the time of contribution to the Borrower (i) allows for any portion of the interest accrued for a specified period of time or until the maturity thereof is, at the option of the Obligor or pursuant to conditions specified (in each case, under the related loan agreement and without default), adde...
Examples of OLB in a sentence
Each share of OLB Common Stock issued and outstanding immediately prior to the Effective Date shall, on and after the Effective Date, continue to be issued and outstanding.
OLB shall be responsible for and shall pay all filing fees, trustee or exchange agent fees and expenses, and blue sky fees and expenses, if any.
On and after the Effective Time, the articles of incorporation and bylaws of OLB, as in effect immediately prior to the Effective Time, shall automatically be and remain the articles of incorporation and bylaws of OLB, as the surviving corporation in the Merger, until thereafter altered, amended or repealed.
The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby have been duly authorized by the Board of Directors of OLB.
The Client shall also be given access to OLB and shall have his IPA opened and maintained.
More Definitions of OLB
OLB means Operadora de Litio Bacanora, S.A. de CV, a company incorporated in Mexico, currently owned 100% by Mineramex.
OLB. For any Portfolio Asset as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Portfolio Asset as of such date of determination, and (y) the Principal Balance of such Portfolio Asset outstanding as of such date of determination. For purposes of calculating the OLB (and any related determination), (i) the trade date (and not the settlement date) with respect to any acquisition or disposition of a Portfolio Asset shall be used to determine whether and when such acquisition or disposition has occurred, (ii) such calculation shall exclude the aggregate amount of all Cash representing the Purchase Price for Portfolio Assets that are the subject of any binding commitment of the Borrower to purchase and with respect to which the relevant settlement date has not yet occurred, (iii) such calculation shall include the aggregate amount of all Cash representing the sale price for Portfolio Assets that are the subject of any binding commitment of the Borrower to sell and with respect to which the relevant settlement date has not yet occurred, and (iv) any amounts that are not denominated in USD (including, without limitation, any Cash or Permitted Investment) shall be converted into USD using the spot rate determined by the Administrative Agent.
OLB. As of any Measurement Date, with respect to any Loan (or portion thereof), (a) if such Loan is denominated and payable in Dollars, the principal balance of such Loan outstanding made by the Borrower to the related Obligor pursuant to the related Underlying Instruments as of such date of determination and (b) if such Loan is denominated and payable in an Eligible Currency other than Dollars, the equivalent in Dollars of the principal balance of such Loan outstanding made by the Borrower to the related Obligor pursuant to the related Underlying Instruments as of such date of determination, determined by the Servicer using the Applicable Exchange Rate, in each case exclusive of any accrued interest and Accreted Interest, after application of principal payments received on or before such date, minus the sum of (i) the principal portion of the Scheduled Payments on such Loan received during each Accrual Period ending prior to the most recent Payment Date, and (ii) all other Principal Collections on such Loan, to the extent deposited by the Servicer in the Collection Account. Any outstanding portion of a Loan which exceeds the limitation set forth in clause (d) of the definition of Eligible Loan will be excluded from the calculation of the OLB of such Loan (and shall not be included unless both (x) such portion no longer exceeds such limitation and (y) such portion has been approved by the Administrative Agent in its sole discretion). USActive 57833767.7
OLB. For any Loan as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Loan as of such date of determination, and (y) the principal balance of such Loan outstanding as of such date of determination. “Operating Lease Implementation”: The implementation by an Obligor of IFRS 16/ASC 842. “Opinion of Counsel”: A written opinion of counsel, which opinion and counsel are acceptable to the Administrative Agent in its sole discretion. “Original Cash Interest Coverage Ratio”: With respect to any Loan, the Cash Interest Coverage Ratio for such Loan on the date of the related Approval Notice. “Original Closing Date”: With respect to (a) the Existing A&R Loan and Security Agreement, December 18, 2014, (b) the Existing SPV Loan and Security Agreement, October 27, 2010 and (c) the Existing Operating Loan and Security Agreement, May 19, 2011, as applicable. “Original Net Senior Leverage Ratio”: With respect to any Loan, the Net Senior Leverage Ratio for such Loan on the date of the related Approval Notice. “Original Total Leverage Ratio”: With respect to any Loan, the Total Leverage Ratio for such Loan on the date of the related Approval Notice (or, if consented to by the Administrative Agent, on the A&R Effective Date). “Other Connection Taxes”: With respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned an interest in any Advance or Transaction Document). “Other Taxes”: All present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Transaction Document or any other document providing liquidity support, credit enhancement or other similar support to the Lenders in connection with this Agreement or the funding or maintenance of Advances hereunder, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to a request by the ...
OLB. For any Portfolio Asset as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Portfolio Asset as of such date of determination, and (y) the Principal Balance of such Portfolio Asset outstanding as of such date of determination. For purposes of calculating the OLB (and any related determination), (i) the trade date (and not the settlement date) with respect to any acquisition or disposition of a Portfolio Asset shall be used to determine whether and when such acquisition or disposition has occurred, (ii) such calculation shall exclude the aggregate amount of all Cash representing the Purchase Price for Portfolio Assets that are the subject of any binding commitment of the Borrower to purchase and with respect to which the relevant settlement date has not yet occurred, (iii) such calculation shall include the aggregate amount of all Cash representing the sale price for Portfolio Assets that are the subject of any binding commitment of the Borrower to sell and with respect to which the relevant settlement date has not yet occurred, and (iv) any amounts that are not denominated in USD (including, without limitation, any Cash or Permitted Investment) shall be measured in respect of the USD Equivalent of such amounts. “Operating Lease Implementation”: The implementation by an Obligor of IFRS 16/ASC 842.
OLB. For any Portfolio Asset as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Portfolio Asset as of such date of determination, and (y) the Principal Balance of such Portfolio Asset outstanding as of such date of determination. For purposes of calculating the OLB (and any related determination), (i) the trade date (and not the settlement date) with respect to any acquisition or disposition of a Portfolio Asset shall be used to determine whether and when such acquisition or disposition has occurred, (ii) such calculation shall exclude the aggregate amount of all Cash representing the Purchase Price for Portfolio Assets that are the subject of any binding commitment of the Borrower to purchase and with respect to which the relevant settlement date has not yet occurred, (iii) such calculation shall include the aggregate amount of all Cash representing the sale price for Portfolio Assets that are the subject of any binding commitment of the Borrower to sell and with respect to which the relevant settlement date has not yet occurred, and (iv) any amounts that are not denominated in USD (including, without limitation, any Cash or Permitted Investment) shall be measured in respect of the USD Equivalent of such amounts. “Operating Lease Implementation”: The implementation by an Obligor of IFRS 16/ASC 842. “Opinion of Counsel”: A written opinion of counsel, which opinion and counsel are acceptable to the Administrative Agent in its sole discretion. “Original Cash Interest Coverage Ratio”: With respect to any Portfolio Asset, the Cash Interest Coverage Ratio for such Loan on the date of the related Inclusion/Amendment Date. “Original Net Senior Leverage Ratio”: With respect to any Portfolio Asset, the Net Senior Leverage Ratio for such Portfolio Asset on the related Inclusion/Amendment Date.
OLB. For any Portfolio Asset as of any date of determination, an amount equal to the product of (x) the Assigned Value of such Portfolio Asset as of such date of determination, and (y) the Principal Balance of such Portfolio Asset outstanding as of such date of determination. For purposes of calculating the OLB (and any related determination), (i) the trade date (and not the settlement date) with respect to any acquisition or disposition of a Portfolio Asset shall be used to determine whether and when such acquisition or disposition has occurred, (ii) such calculation shall exclude the aggregate amount of all Cash representing the Purchase Price for Portfolio Assets that are the subject of any binding commitment of the Borrower to purchase and with respect to which the relevant settlement date has not yet occurred, (iii) such calculation shall include the aggregate amount of all Cash representing the sale price for Portfolio Assets that are the subject of any binding commitment of the Borrower to sell and with respect to which the relevant settlement date has not yet occurred,(iv) any amounts that are not denominated in USD shall be converted into USD using the spot rate determined by the Administrative Agent, and (v) for the avoidance of doubt, any undrawn commitments that have not been irrevocably reduced or withdrawn with respect to a Delayed Draw Loan or a Revolving Loan are not “Principal Balance outstanding” under clause (y) of the definition of “OLB”.