Definition of ABL Equipment Notice

ABL Equipment Notice means a notice by the Agent to the Borrowers that (x) confirms that ABL Equipment Conditions have been satisfied and (y) sets forth (i) the ABL Equipment Eligibility Period, (ii) the Equipment NOLV Advance Rate and the Equipment Advance Rate (as such terms are defined in Section 2.1(a)(y)(iii) hereof) and (iii) the denominator in respect of the ABL Equipment Amortization Amount.