ABL Facility Agent definition
Examples of ABL Facility Agent in a sentence
The Corporation agrees to participate in the Ontario Municipal Retirement System Pension Plan in accordance with the applicable legislation, with the Corporation and the Employees contributing equally.
Such endorsements shall, or the insurer shall otherwise agree in writing, to make the Administrative Agent a payee on any payment of a claim under such policies and provide for delivery of such payment directly to the ABL Facility Agent (subject to the rights of the Administrative Agent with respect to Term Loan Priority Collateral).
Until the Discharge of ABL Obligations has occurred, the Pari Passu Collateral Agents, on behalf of themselves and the Pari Passu Secured Parties, agree that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the ABL Collateral, without the prior written consent of the ABL Facility Agent.
Following the Discharge of First Priority Lien Obli- gations, until the Discharge of ABL Obligations has occurred, the Junior Lien Collateral Agent, on behalf of itself and the Junior Lien Secured Parties, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Notes Collateral without the prior written consent of the ABL Facility Agent.
Each of the Pari Passu Collateral Agents and the ABL Facility Agent may demand specific performance of this Agreement.