ABL Creditors means, at any relevant time, the holders of ABL Obligations at such time, including, without limitation, the ABL Lenders, the ABL Banking Services Providers, the ABL Hedge Providers, the ABL Collateral Agent, the ABL Administrative Agent and the other agents under the ABL Credit Agreement.
Nothing in this Agreement shall impair, as between the Borrower and the ABL Collateral Agent and the ABL Creditors or the Borrower and the Term Collateral Agent and the Term Creditors, the obligations of the Borrower to pay principal, interest, fees and other amounts as provided in the ABL Loan Documents and the Term Loan Documents, respectively.
In exercising rights and remedies with respect to the ABL Priority Collateral, the ABL Collateral Agent and the ABL Creditors may enforce the provisions of the ABL Loan Documents and exercise rights and remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.
Without the prior written consent of the ABL Collateral Agent (acting at the direction of the Required ABL Creditors), no Term Security Document may be amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Term Security Document, would contravene the provisions of this Agreement or any ABL Loan Document.
If any ABL Creditor is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Borrower or any other Grantor any amount (an “ABL Recovery”), then the ABL Obligations shall be reinstated to the extent of such ABL Recovery and the ABL Creditors shall be entitled to a reinstatement of ABL Obligations with respect to all such recovered amounts.
All notices to the ABL Creditors or the Term Creditors permitted or required under this Agreement may be sent, respectively, to the ABL Collateral Agent or the Term Collateral Agent.
More definitions of ABL Creditors
ABL Creditors means the “Secured Parties,” as defined in the ABL Agreement.
ABL Creditors means the ABL Lenders together with all ABL Bank Product Providers, ABL Hedging Providers, ABL Management Credit Providers, and all successors, assigns, transferees and replacements thereof, as well as any Person designated as a “Lender” or “Senior Priority Creditor” under any ABL Credit Agreement.
ABL Creditors means, collectively, ABL Agent, each ABL Lender, each affiliate or branch of any ABL Lender that makes loans under the ABL Credit Agreement, each ABL Bank, each ABL Letter of Credit Issuer, each ABL Designated Bank Products Provider, and all successors, assigns, transferees and replacements thereof, as well as any Person designated as a “Lender” under any ABL Credit Agreement.