ABL Lender definition

ABL Lender means a “Lender” as defined in the ABL Credit Agreement.

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ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.

ABL Lender means a lender under the ABL Facility.

Examples of ABL Lender in a sentence

• The Term Agent, for itself and on behalf of the Term Secured Parties, hereby waives any and all rights it or the Term Secured Parties may have as a junior lien creditor or otherwise to contest, protest, object to, or interfere with the manner in which the ABL Agent or any ABL Lender seeks to enforce its Liens in any ABL Priority Collateral.

• No priority or right of the ABL Agent or any ABL Lender shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the ABL Documents, regardless of any knowledge thereof which the ABL Agent or any ABL Lender may have.

• The Term Agent and the Term Lenders shall be entitled to manage and supervise their loans and extensions of credit under the Term Documents as they may, in their sole discretion, deem appropriate, and may manage their loans and extensions of credit without regard to any rights or interests that the ABL Agent or any ABL Lender has in the Collateral, except as otherwise expressly set forth in this Agreement.

• The Term Agent, on behalf of itself and the Term Lenders, agrees that neither the ABL Agent nor any ABL Lender shall incur any liability as a result of a sale, lease, license, application, or other disposition of all or any portion of the Collateral or Proceeds thereof, pursuant to the ABL Documents, so long as such disposition is conducted in accordance with mandatory provisions of applicable law and does not breach the provisions of this Agreement.

• The ABL Agent, for and on behalf of itself and the ABL Lenders, agrees that no payment by the ABL Agent or any ABL Lender to any Additional Agent or any Additional Creditor represented thereby pursuant to the provisions of this Agreement shall entitle the ABL Agent or any ABL Lender to exercise any rights of subrogation in respect thereof until the Discharge of Additional Obligations shall have occurred.

More Definitions of ABL Lender

ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL (or any Credit Facility permitted under this Indenture).

ABL Lender means Wells Fargo Bank, National Association, in its capacity as lender under the ABL Credit Agreement.

ABL Lender means Alterna Capital Solutions, LLC, a Florida limited liability company.

ABL Lender means each financial institution from time to time party to the ABL Credit Agreement as a “Lender” (as defined thereunder).

ABL Lender has the meaning set forth in the Intercreditor Agreement.

ABL Lender means the successor, subrogee, or assignee of Wells Fargo Bank, National Association, or its successor or assignee, in its capacity as lender pursuant that certain Credit Agreement, dated as of December 20, 2017, as amended, restated, supplemented or otherwise modified from time to time, including the amendments made pursuant to the Ratification and Amendment Agreement dated as of March 18, 2020 as approved by the Final DIP Order.

ABL Lender shall in any event include each letter of credit issuer and each swingline lender under the ABL Credit Agreement.