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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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 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.
UNUSED LINE FEE: LETTER OF CREDIT FEES: OTHER FEES: Borrowers will pay certain other fees in connection with the ABL Exit Facility as set forth in the Fee Letter.
Lenders will be permitted to sell participations with voting rights limited to significant matters such as changes in amount, rate, maturity date and releases of all or substantially all of the collateral securing the ABL Exit Facility or all or substantially all of the value of the guaranties of the Borrower’s obligations made by the Guarantors, and all other matters requiring more than 50% of Lender approval.
Substantially consistent with the Prepetition Term Loan Credit Agreement (without giving regard to Amendment No. 3 thereto), other than the Call Protection Provision (as defined below); provided that no proceeds from the ABL Exit Facility shall be used to prepay the 2L Exit Facility.
The extension of the ABL Exit Facility is subject to fulfillment of a number of conditions to Commitment Parties’ satisfaction, including without limitation the following: 1.

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 amount

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 a new senior secured asset-based revolving credit facility, if any, on terms and conditions substantially consistent with the ABL Term Sheet. “ABL Exit Facility Trigger” has the meaning ascribed to it in the ABL Term Sheet. “ABL FILO Claims” means any Claims on account of, arising under, derived from, or based upon the first-in, last-out facility under the ABL Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, guarantees, and other charges arising thereunder or related thereto. “ABL FILO Loans” has the meaning ascribed to it in the ABL Term Sheet. “ABL Revolver Claims” means any Claims on account of, arising under, derived from, or based upon the revolving credit facility under the ABL Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, guarantees, and other charges arising thereunder or related thereto. “ABL Revolving Credit Loans” has the meaning ascribed to it in the ABL Term Sheet. “New ABL Loans” means the loans incurred under a new senior secured asset-based term loan facility on terms and conditions substantially consistent with the ABL Term Sheet. “New FILO Loans” means the loans incurred under a new senior secured first-in, last-out term loan facility on terms and conditions substantially consistent with the ABL Term Sheet. “Prepetition ABL Facility” means, collectively, the prepetition asset-based revolving credit and first-in, last-out facilities provided for under the ABL Credit Agreement.

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