ABL DIP Lenders definition

ABL DIP Lenders means the lenders from time to time party to the ABL DIP Credit Agreement.
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ABL DIP Lenders means the lender or lenders under the ABL Credit Agreement.
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ABL DIP Lenders means, collectively, each “Lender” as defined in the ABL DIP Credit Agreement.
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Examples of ABL DIP Lenders in a sentence

  • The Superpriority Claims granted hereunder to the holders of the Roll Up DIP Loans (the “Roll Up DIP Lenders”) shall be immediately junior in priority and subject to the Superpriority Claims of the New Money DIP Lenders and ABL DIP Lenders.

  • The ABL DIP Facility shall be in full force and effect and no “Default” or “Event of Default” (as defined in the ABL DIP Credit Agreement) shall have occurred and be continuing under the ABL DIP Credit Agreement that remains uncured or not expressly waived in writing by the ABL DIP Lenders.

  • The ABL DIP Lenders are willing to establish the ABL DIP Facility upon the terms and conditions set forth herein and in that certain Post-Petition Credit Agreement to be entered into by the domestic Debtors and the ABL DIP Credit Parties, substantially in the form attached to the Motion (together with all schedules, exhibits and annexes thereto, and as at any time amended, the “ABL DIP Loan Agreement”).

  • The Superpriority Claims granted hereunder to the ABL DIP Lenders shall be pari passu with the Superpriority Claims granted hereunder to the holders of the New Money DIP Loans (the “New Money DIP Lenders”).

  • The ABL DIP Agent is authorized to retain one firm as counsel, one additional firm as local counsel in the United States, and conflicts counsel for the ABL DIP Lenders, plus (i) an appraiser, (ii) a financial advisor and consultants, (iii) to the extent necessary in the ABL DIP Agent’s reasonable discretion, an environmental consultant, and (iv) a field auditor.

  • The consent provided by the ABL DIP Lenders similarly binds all other Prepetition ABL Lenders and the BrandCo Lenders and 2016 Term Lenders under the ABL Intercreditor Agreement.

  • After the Effective Date, the Reorganized Debtors shall continue to reimburse the ABL DIP Agent and the ABL DIP Lenders for the reasonable and documented fees and expenses (including reasonable and documented legal fees and expenses) incurred by the ABL DIP Agent and the ABL DIP Lenders after the Effective Date that survive termination or maturity of the ABL DIP Facility in accordance with the terms thereof and/or the DIP Order until the obligations under the ABL DIP Facility have been Paid in Full.

  • The Reorganized Debtors shall pay all of the amounts that may become payable to the ABL DIP Agent or any of the ABL DIP Lenders under any of the foregoing provisions in accordance with the ABL DIP Facility Documents.

  • If the Required Term Loan DIP Lenders and/or the Required ABL DIP Lenders have not objected, in writing, to a proposed updated budget, or an amendment, supplement or modification to the Approved Budget or an Approved Variance Report, within three (3) business days after their receipt thereof, such proposed updated budget, amendment, supplement or modification shall be deemed acceptable to and approved by the Required Term Loan DIP Lenders and/or the Required ABL DIP Lenders.

  • The ABL DIP Lenders have agreed to continue to provide revolving credit to the Debtors, but only on the basis that they receive postpetition priority and similar protections for the entirety of the ABL exposure and specifically negotiated for the roll-up in the context of their commitment on the terms described herein.


More Definitions of ABL DIP Lenders

ABL DIP Lenders means the banks, financial institutions, and other lenders party to the ABL DIP Facility from time to time.
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ABL DIP Lenders means BofA and certain other financial institutions (and their respective successors and assigns) in their capacity as lenders under the ABL DIP Agreement.
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ABL DIP Lenders means those lenders party to the ABL DIP Credit Agreement.
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ABL DIP Lenders means, collectively, each “Lender” as defined in the ABL DIP Credit Agreement. “ABL Obligations” shall mean the “ABL Obligations” as defined in the Intercreditor Agreement.
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ABL DIP Lenders means the lenders providing the ABL DIP Facility under the ABL DIP Documents.
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Related to ABL DIP Lenders

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • ABL Debt means all “Obligations” (as defined in the ABL Credit Agreement) owing to the ABL Secured Parties under the ABL Loan Documents.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • ABL Credit Facility means the agreement, dated as of March 30, 2015, among the Company, the Subsidiaries of the Company that borrow or guarantee obligations under such agreement from time to time, as “Credit Parties,” the lenders parties thereto from time to time and Bank of America, N.A., as agent (or its successor in such capacity), together with the related notes, letters of credit, guarantees and security documents, and as the same may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement or refinancing thereof (whether with the original administrative agent and lenders or another administrative agent, collateral agent or agents or one or more other lenders or additional borrowers or guarantors and whether provided under the original ABL Credit Facility or one or more other credit or other agreements or indentures).

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Exit Facility Lenders means each of the lenders under the Exit Facility Credit Agreement, solely in their respective capacities as such.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • ABL Credit Agreement as defined in the recitals hereto.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • ABL Documents has the meaning set forth in the Intercreditor Agreement.

  • DIP Lender means a lender under the DIP Facility.

  • Supermajority Revolving Lenders means Lenders having (a) 80% or more of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, 80% or more of the aggregate outstanding amount of the Revolving Loan (with the Swing Line Loan being attributed to the Lender making such Loan) and Letter of Credit Obligations.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.