ABL Claims definition

ABL Claims means the “ABL Claims” as defined in the Intercreditor Agreement.

ABL Claims means any and all Claims relating to, arising out of, arising under, or arising in connection with the ABL Credit Facility.

ABL Claims means the aggregate of (i) the principal amount of all Indebtedness (other than ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations) and the face amount of all letters of credit incurred under the ABL Credit Agreement to the extent such principal amount is permitted to be incurred pursuant to Section 6.2(h)(y) of each of the Term Loan Credit Agreements (or the corresponding provision of any other Term Loan Credit Agreement), as in effect on the date hereof (or, as amended (or, in the case of any other Term Loan Credit Agreement, replaced) after the date hereof to the extent such amendment increases such maximum permitted principal amount) (the “Maximum ABL Amount”), together with any interest, fees, attorneys’ fees, costs, expenses and indemnities payable on account of such principal amount or otherwise in respect of, or arising under, the ABL Credit Agreement or the ABL Loan Documents related thereto or any of them, including all fees and expenses of the applicable ABL Agent thereunder, and (ii) the maximum amount of all ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations (calculated, in the case of ABL Lender Hedging Obligations at any given date, as the maximum aggregate amount, giving effect to any netting agreements, that would be required to be paid if all Specified ABL Hedging Agreements underlying such ABL Lender Hedging Obligations were terminated as of such date), plus, in each case, all interest and expenses accrued or accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant ABL Loan Document to the extent that the claim for such interest or expense is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding.

Examples of ABL Claims in a sentence

• Upon payment or satisfaction in full of the DIP New Money Claims and DIP ABL Claims (except the Excluded DIP Obligations) in accordance with the terms of this Plan, on the Effective Date all liens and security interests granted to secure such obligations shall be terminated and of no further force or effect.

• All cash distributions to be made hereunder to the DIP ABL Agent on account of the DIP ABL Claims shall be made by wire transfer.

• The DIP ABL Agent shall hold or direct distributions for the benefit of the Holders of DIP ABL Claims.

• Any Claim, other than Administrative Claims, Professional Claims, DIP Facility Claims, Priority Tax Claims, ABL Claims, Secured Tax Claims, Other Secured Claims, Other Priority Claims, Term Loan Facility Claims, 7.00% Senior Notes Claims, 8.25% Senior Notes Claims, 12.25% Senior Notes Claims, Intercompany Claims, and Section 510(b) Claims.

• The DIP ABL Claims shall be deemed to be Allowed Claims under the Plan.

More Definitions of ABL Claims

ABL Claims means any and all claims arising from, under or in connection withthe ABL Documents including, without limitations, the ABL Obligations.

ABL Claims means the ABL Priority Claims and the ABL Other Claims.

ABL Claims means Claims arising on account of the ABL Facility.

ABL Claims means Claims in favor of the ABL Lender arising under the ABL Credit Agreement.

ABL Claims means, collectively, the ABL Deficiency Claim and the ABL Secured Claim.

ABL Claims means the ABL Priority Claims.

ABL Claims means any and all Claims derived from, based upon, or secured by the ABL Credit Agreement or any other agreement, instrument, or document executed at any time in connection therewith, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto, in each case, with respect to the ABL Loans.