ABL Indebtedness definition

ABL Indebtedness means the Indebtedness of the Borrower and the other borrowers party to the ABL Credit Agreement under the ABL Loan Documents and subject to the Intercreditor Agreement.

ABL Indebtedness means any (1) Indebtedness outstanding from time to time under any ABL Credit Agreement, (2) all Obligations with respect to such Indebtedness and any Swap Contracts Incurred with any ABL Lender (or its Affiliates) and secured by the ABL Collateral (as defined in the ABL Credit Agreement) and (3) all Cash Management Services (as defined in the ABL Credit Agreement) Incurred with any ABL Lender (or its Affiliates) and secured by the ABL Collateral.

ABL Indebtedness means Indebtedness under the ABL Documents.

Examples of ABL Indebtedness in a sentence

• Permit Holdings or any Subsidiary of Holdings, any Loan Party or any Subsidiary of any Loan Party, or any Affiliate of any of the foregoing Persons, to acquire any ABL Indebtedness, in each case except to the extent that such ABL Indebtedness is immediately cancelled and discharged.

• Create, incur, assume, guarantee, suffer to exist or otherwise become or remain liable with respect to, any Indebtedness that is secured by a Lien with respect to Collateral, where such Lien ranks (or is expressed to rank) (x) both junior or subordinated in priority to the Lien securing any ABL Indebtedness and senior in priority to the Lien securing the Obligations or (y) other than the Obligations, pari passu with the Lien securing the Obligations.

• The field supervisor will supervise the student in their academic assignments.

• Not permit any Credit Party or any of their Subsidiaries to purchase or hold any of the ABL Indebtedness.

• The Borrowers shall prepay the Term Loan in an amount equal to the Net Proceeds received by a Loan Party on account of a Prepayment Event, together with the Applicable Premium in respect of the principal amount so prepaid; provided, that any Net Proceeds received by a Loan Party on account of a Prepayment Event that are actually applied to the permanent prepayment of the ABL Indebtedness in accordance with Section 2.05(e) of the ABL Credit Agreement shall not be required to be used to prepay the Term Loan.

More Definitions of ABL Indebtedness

ABL Indebtedness means the “Obligations” under and as defined in the ABL Credit Agreement, together with any other Indebtedness owing by any Loan Party to the ABL Agent or any lender or secured party under any ABL Loan Document from time to time in accordance with the ABL Intercreditor Agreement.

ABL Indebtedness means any (a) Indebtedness outstanding from time to time under the ABL Facility and (b) any obligations owing by any Loan Party under any Swap Contract to the ABL Administrative Agent (or any of its Affiliates) or any ABL Lender (or any of its Affiliates) and secured by the ABL Priority Collateral and (c) any facilities or services provided under a Cash Management Agreement incurred with the ABL Administrative Agent (or any of its Affiliates) or any ABL Lender (or any of its Affiliates) and secured by the ABL Priority Collateral.

ABL Indebtedness. Indebtedness incurred from time to time under the ABL Facility.

ABL Indebtedness means any Indebtedness outstanding from time to time under an asset-based facility with advances thereunder based on a borrowing base, the terms of which shall be set forth in a credit or other financing agreement in form and substance satisfactory to the Required Lenders (such agreement, and as the same may be further modified in accordance with the ABL Intercreditor Agreement, the “ABL Credit Agreement”).

ABL Indebtedness means, collectively, the “Obligations” as defined in the ABL Credit Agreement not to exceed the amount of any such Indebtedness permitted pursuant to Section 6.1(k).

ABL Indebtedness the Indebtedness and other obligations and liabilities of any Loan Party (including guaranty Indebtedness and guarantee obligations, reimbursement obligations, fees, costs, indemnification obligations and post-petition amounts, whether or not allowed) evidenced by and/or arising under the ABL Documents; provided that, upon and after any permitted refinancing of such Indebtedness and other obligations and liabilities with Permitted Refinancing Indebtedness, the term “ABL Indebtedness” shall mean such Indebtedness and other obligations and liabilities as so refinanced.

ABL Indebtedness the Indebtedness under the ABL Facility.