ABL Exit Facility definition

ABL Exit Facility means the new revolving asset-based credit facility in an aggregate amount of up to $80,000,000, entered into on the Effective Date on the terms and conditions set forth in the ABL Exit Facility Documents.

ABL Exit Facility means the $80,000,000 credit facility to be provided to the Company Parties in accordance with the terms, and subject to the conditions, set forth in the ABL Exit Credit Agreement.

ABL Exit Facility means the revolving credit facility under the ABL Exit Facility Loan Agreement.

Examples of ABL Exit Facility in a sentence

• On the Effective Date, a portion of the proceeds of the (a) ABL Exit Facility shall be used to pay ABL DIP Claims in full, and (b) Term Loan Exit Facility shall be used to pay Term Loan DIP Claims in full.

• Except to the extent that a holder of a DIP ABL Facility Claim agrees to less favorable treatment, to the extent the Debtors exercise the ABL Exit Conversion, each holder of a DIP ABL Facility Claim shall receive ABL Exit Facility Loans in a face amount equal to the amount of such DIP ABL Facility Claim and shall otherwise be governed by the ABL Exit Facility Documents.

• On the Plan Effective Date, the Reorganized Debtors shall enter into the ABL Exit Facility, the terms of which shall be set forth in the ABL Exit Facility Documents.

• In the event a claim shall be made that is insured under this Agreement and the claim is combined with another claim arising out of the same occurrence that is excluded under Article II-E, then the insured may select independent counsel for the insured’s defense for the excluded claim and XXXXxXX will reimburse the insured for the reasonable expenses of independent counsel.

• As set forth in the Exit Facilities Term Sheets, the ABL Exit Facility and the Term Loan DIP Facility will respectively repay outstanding ABL DIP Claims and Term Loan DIP Claims in full on the Effective Date.

More Definitions of ABL Exit Facility

ABL Exit Facility means that certain new, asset-backed loan facility to be issued by the Reorganized Debtors on the Plan Effective Date in accordance with the ABL Exit Facility Documents.

ABL Exit Facility means the new $90 million asset-based revolving credit facility, which will have the terms set forth in the ABL Exit Facility Documents.

ABL Exit Facility means a new senior secured asset-based revolving credit facility, in an aggregate principal amount and on terms to be set forth in the ABL Exit Facility Documents.

ABL Exit Facility means an asset-based revolving loan facility in an amountnot to exceed $350,000,000 on terms and conditions reasonably consistent with the Restructuring Support Agreement and otherwise reasonably acceptable to the Company and the Requisite Commitment Parties (provided, that to the extent inconsistent with the Restructuring Support Agreement or this Agreement, any economic treatment provided thereunder shall be acceptable to the Company and the Requisite Commitment Parties in their sole discretion).

ABL Exit Facility means a new senior secured asset-based revolving credit facility, if any, in an aggregate principal amount of up to $562,110,500.00, on terms and conditions substantially consistent with the ABL Term Sheet.

ABL Exit Facility means that certain financing facility to be entered into on the Effective Date pursuant to the ABL Exit Facility Credit Agreement.

ABL Exit Facility has the meaning set forth in the Plan.