ABL Borrower definition

ABL Borrower shall have the meaning assigned to that term in the recitals to this Agreement.

ABL Borrower means the “Borrower” as defined in the ABL Credit Agreement.

ABL Borrower means collectively, Xxxxxxx, XX Finance and Xxxxxx, as borrowers under the ABL Credit Agreement.

Examples of ABL Borrower in a sentence

• The ABL Credit Facility is secured on a first priority basis (subject to customary exceptions) by (i) all assets of the ABL Borrower including all such inventory and the proceeds thereof and (ii) the equity of the ABL Borrower.

• Additionally on June 8, 2020 and concurrently with closing the ABL Credit Facility, the ABL Borrower purchased all presently existing inventory, and assumed the liabilities in respect of all presently existing and outstanding trade payables owed to vendors in respect of such inventory, from MRH and certain wholly owned subsidiaries of MRH.

• Agency employees and applicants for employment have our commitment to carry out the goals and objectives of this Policy Statement by implementing effective strategies directed at recruiting, hiring and promoting individuals from the different sectors of the workforce population, including but not limited to: women, people of color, veterans and individuals with disabilities.

• To obtain a better understanding of our business, you should read this section in conjunction with the section titled “Financial Statements” beginning on page 69, together with all other financial information contained in this Letter of Offer.

• Upon the Discharge of Term Obligations, the Term Agent shall deliver to the ABL Agent or shall execute such documents as the ABL Agent may reasonably request (at the expense of the ABL Borrower) to enable the ABL Agent to have control over any Control Collateral still in the Term Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent jurisdiction may otherwise direct.

More Definitions of ABL Borrower

ABL Borrower has the meaning set forth in the recitals above.

ABL Borrower means YRCW Receivables LLC, a special purpose, bankruptcy-remote Restricted Subsidiary of the Company.

ABL Borrower means a Subsidiary of the Borrower that is a borrower under any of the ABL Facilities and, to the extent it is an obligor under the ABL-Trade Credit Documents, Green Plains Commodity Management LLC.

ABL Borrower means the Company, in its capacity as the borrower under the ABL Credit Agreement, together with its and their respective successors and assigns.

ABL Borrower has the meaning set forth in the Preamble to this Agreement. Table of Contents

ABL Borrower means GP Cattle, GP Grain and/or GP Trade, as the context may require.

ABL Borrower shall have the meaning set forth in the Indentures.