OLV Value definition
OLV Value means the orderly liquidation value of the Stations, such value being determined by a qualified appraisal company selected by Borrower and approved by the Required Lenders in their Permitted Discretion or (b) selected by Agent and approved by the Senior Loan Lenders in their reasonable discretion.
OLV Value means the as is, six-month, orderly liquidation value of the Eligible Inventory, as determined by the most recent OLV Appraisal.
Examples of OLV Value in a sentence
The ratio of the sum of the Revolver Usage plus the outstanding principal amount of the Term Loan to the OLV Value shall not exceed (A) 0.6:1.0 during the period from the Restatement Closing Date until the initially-scheduled Maturity Date and (B) 0.5:1.0 at any time thereafter.