ABL DIP Amount definition

ABL DIP Amount means, after the commencement of an Insolvency Proceeding by any Grantor, $12,500,000.
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ABL DIP Amount means, after the commencement of an Insolvency Proceeding, the incremental principal amount of ABL DIP Financing, not to exceed 10% of the sum of the principal amount of the ABL Debt and all unfunded commitments to extend ABL Debt under the ABL Credit Agreement, in each case, outstanding immediately prior to the commencement of an Insolvency Proceeding.
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ABL DIP Amount means, after the commencement of an Insolvency Proceeding with respect to any Grantor, up to 10% of the ABL Facility Amount.
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Examples of ABL DIP Amount in a sentence

  • The Obligors will not permit the Total Outstanding ABL DIP Amount to exceed $175,000,000.

  • Superpriority Claim equal to the Incremental ABL DIP Amount shall, at all times during the period that the ABL DIP Facility remains outstanding, rank pari passu with the superpriority claims granted in connection with the ABL DIP Facility; and (iv) access to the Debtors’ books and records and such financial reports as are provided to the DIP Agent pursuant to provisions (i) through (iv) above of the Financial Reporting Requirements section.

Related to ABL DIP Amount

  • Class B Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) the positive difference of (x) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto minus (y) the Class A Principal Distributable Amount and (ii) the Class B Note Balance; provided, however, on the Class B Stated Final Maturity Date, the Class B Principal Distributable Amount will equal the Class B Note Balance.

  • Class A Principal Distributable Amount means, for any Distribution Date: (A) during the Revolving Period, zero; and (B) during the Amortization Period, an amount equal to the lesser of: (i) Available Funds remaining after payment of the amounts set forth in clauses (i) through (iv) of Section 5.08(a) hereto and (ii) the Class A Note Balance; provided, however, on the Class A Stated Final Maturity Date, the Class A Principal Distributable Amount will equal the Class A Note Balance.