Examples of ABL Credit Agreement in a sentence
Except as expressly set forth herein, this Amendment shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the ABL Credit Agreement or any other provision of the ABL Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.
The Administrative Agent shall have received a Borrowing Base Certificate which calculates the Borrowing Base (determined in accordance with the Amended and Restated ABL Credit Agreement) as of a date preceding the Effective Date that is specified by the Administrative Agent, properly executed by a Responsible Officer of the signing Loan Party, in form and substance reasonably satisfactory to the Administrative Agent.
Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all Obligations of the Loan Parties under the ABL Credit Agreement and the other Loan Documents.
The foregoing provisions are intended as an inducement to the lenders under the ABL Credit Agreement to extend credit and such lenders are intended third party beneficiaries of such provisions and the provisions of the ABL-Notes Intercreditor Agreement.
In addition, the Loan Parties shall provide to the Agent and the Required Lenders all appraisals and field examinations conducted pursuant to the terms of the ABL Credit Agreement.