ABL Facility Documents Sample Clauses

ABL Facility Documents. The Administrative Agent shall have received an executed copy of the ABL Facility Documents, which shall provide for loan commitments thereunder of not less than $50,000,000, and the Borrower shall have satisfied each condition set out in Section 6.01 of the ABL Facility unless waived (other than any condition in relation to the execution, delivery and performance of this Agreement, the other Loan Documents and the Second Lien Loan Documents required to be executed and delivered on the Closing Date).

ABL Facility Documents. On or prior to the Closing Date, (i) the ABL Facility Documents shall have been duly executed and delivered by the Credit Parties and shall be in full force and effect in all material respects in accordance with the terms reviewed and approved by the Required Lenders prior to the Closing Date, after giving effect to any modifications, amendments, consents or waivers thereto, other than those modifications, amendments, consents or waivers that are materially adverse to the interests of the Lenders in their capacities as such, unless consented to in writing by the Required Lenders (such consent not to be unreasonably withheld, delayed or conditioned; provided that the Required Lenders shall be deemed to have consented to such modification, amendment, consent or waiver unless they object thereto in writing within 2 Business Days of receipt of written notice of such modification, amendment, consent or waiver) and (ii) the financing contemplated by the ABL Facility Documents shall have been consummated and the Borrower shall have used the proceeds therefrom (if any) to consummate the Transactions.

ABL Facility Documents. The Collateral Agent acknowledges and agrees, on behalf of itself and any Secured Party, that (i) the ABL Obligations are secured by liens on the ABL Priority Collateral that are senior in priority to the liens on such ABL Priority Collateral that secures the Obligations and (ii) any provision of this Agreement to the contrary notwithstanding, until the Discharge (as defined in the ABL Intercreditor Agreement) of ABL Obligations, the Pledgors shall not be required to act or refrain from acting pursuant to this Agreement or with respect to any ABL Priority Collateral in any manner that would result in a default under the terms and provisions of the ABL Facility Documents (as defined in the ABL Intercreditor Agreement).