ABL Facility Agent definition

ABL Facility Agent means Wells Fargo Capital Finance, LLC, in its capacity as administrative and collateral agent (for the benefit of the ABL Facility Lenders) pursuant to the terms of the ABL Facility Documents, and any successor or replacement agent appointed pursuant to the terms of the ABL Loan Agreement.

ABL Facility Agent means Xxxxx Fargo Bank, National Association, as administrative agent under the ABL Facility for the benefit of the lenders thereunder, including its successors and assigns including any replacement or successor agent successors thereto.

ABL Facility Agent means the administrative agent under the ABL Facility, and its successors, replacements and/or assigns in such capacity.

Examples of ABL Facility Agent in a sentence

• On March 4, 2015, the ABL Facility Agent delivered a notice of an event of default related to such overadvance and financial covenants under the ABL Loan Agreement.

• The Debtors requested that the ABL Facility Agent advance additional funds to pay payroll and other operation-critical needs.

• The Debtors immediately engaged in discussions with the ABL Facility Agent regarding not only the valuation of the inventory, but also the Debtors’ precarious liquidity position.

• On February 25, 2015, the ABL Facility Agent obtained an updated inventory valuation, which significantly reduced the existing valuation of the Debtors’ inventory and resulted in a substantial decline in the borrowing base under the ABL Facility.

• The Debtors, the ABL Facility Agent and the ABL Facility Lenders entered into a Forbearance Agreement dated March 17, 2015 (the “Initial Forbearance”), pursuant to which the ABL Facility Lenders agreed to make up to $2,045,263.39 of additional advances and forbear from exercising their rights under the ABL Loan Agreement until March 23, 2015.

More Definitions of ABL Facility Agent

ABL Facility Agent. Bank of America, N.A., in its capacity as agent under the ABL Facility Agreement, and any successor agent thereto.

ABL Facility Agent means Wells Fargo Bank, National Association, in its capacity as administrative agent pursuant to the terms of the ABL Facility Documents, and any successor or replacement administrative agent appointed pursuant to the terms of the ABL Loan Agreement.

ABL Facility Agent means UBS AG, Stamford Branch acting through such of its affiliates or branches as it may designate, in its capacity as administrative agent, collateral agent, and swingline lender under the ABL Credit Agreement, or any successor administrative agent as permitted by the terms set forth in the ABL Credit Agreement.

ABL Facility Agent means Apollo Investment Corporation, as agent for the ABL Facility Lenders under the ABL Facility Credit Documents, or any successor agent.

ABL Facility Agent means Deutsche Bank AG New York Branch solely in its capacity asadministrative agent and collateral agent under the ABL Credit Agreement, and its successors and permitted assigns.

ABL Facility Agent means, (i) with respect to the New Credit Agreement, the Persons acting as the administrative agent, administrative collateral agent, co-collateral agent, UK security trustee, or any similar agency capacity from time to time under the New Credit Agreement or any other ABL Facility Document in respect of the New Credit Agreement, in each case on behalf of itself and for the benefit of the ABL Facility Secured Parties under the ABL Facility Documents in respect of the New Credit Agreement, together with their respective successors and permitted assigns under the New Credit Agreement and the ABL Facility Documents in respect thereof exercising substantially the same rights and powers of such Person in such role; and (ii) with respect to any ABL Facility other than the New Credit Agreement, the Persons acting as the administrative agent, collateral agent, trustee, or any similar agency capacity from time to time under such other ABL Facility or any other ABL Facility Document with respect thereto, in each case on behalf of itself and for the benefit of the applicable ABL Facility Secured Parties with respect to such other ABL Facility, together with their respective successors and permitted assigns under such other ABL Facility and the ABL Facility Documents related thereto exercising substantially the same rights and powers of such Person in such role; provided that in the case of this clause (ii), such ABL Facility Agent shall have become a party to the First Lien/Second Lien Intercreditor Agreement to the extent required thereunder.

ABL Facility Agent means Wells Fargo Bank, N.A., as administrative agent in respect of the ABL Facility Documents, and any successor administrative agent appointed in accordance with the terms thereof or any administrative agent under any replacement or refinanced ABL Credit Agreement.