ABL Redemption Fee definition

ABL Redemption Fee means the Annual Collateral Eligibility Fee under the Senior Credit Agreement Fee Letter, dated June 28, 2019, entered into in connection with the ABL Credit Agreement, which fee is earned, due and payable as a result of the Chapter 11 Cases upon the Petition Date and which shall constitute an Allowed ABL Claim in the amount of $3 million.
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Examples of ABL Redemption Fee in a sentence

  • The ABL Claims shall be deemed Allowed in the aggregate principal amount of $50 million, plus (i) reimbursement obligations, fees (including the ABL Redemption Fee), indemnities, costs, expenses, and other amounts, liabilities and obligations, and (ii) accrued and unpaid interest, including postpetition interest, at the contract rate through the Effective Date.

  • For so long as this Agreement remains in effect and has not been terminated, the parties agree that the ABL Redemption Fee shall receive the treatment set forth in the DIP Orders and the Plan.

  • The Prepetition Secured Parties would not consent to the use of their Cash Collateral or the subordination of their liens to the DIP Liens, and the DIP Secured Parties would not be willing to provide the DIP Financing or extend credit and other financial accommodations to the DIP Loan Parties thereunder, without the ABL Refinancing with the DIP Facility and the conversion of the ABL Redemption Fee into the DIP Redemption Fee, as set forth herein.

  • The ABL Claims shall be deemed Allowed in the aggregate principal amount of $50 million, plus (i) reimbursement obligations, fees (including the ABL Redemption Fee), indemnities, costs, expenses, and other amounts, liabilities and obligations, and(ii) accrued and unpaid interest, including postpetition interest, at the contract rate through the Effective Date.

  • Upon the filing of the Chapter 11 Cases, the ABL Redemption Fee will be earned, due and payable in the amount of $3.0 million.

  • Allowed ABL Claim amount includes outstanding principal, the ABL Redemption Fee, and accrued and unpaid prepetition and postpetition interest as of May 20, 2020.

  • As a result of the filing of these Chapter 11 Cases, the ABL Redemption Fee (which, for the avoidance of doubt, constituted Prepetition ABL Debt and, as a result of the conversion into the DIP Redemption Fee as set forth in the Interim Order, constitutes a DIP Obligation) is fully earned and due and payable in the amount of $3,000,000 as of the Petition Date.

  • As a result of the filing of these Chapter 11 Cases, the ABL Redemption Fee (which, for the avoidance of doubt, constitutes Prepetition ABL Debt and, upon conversion into the DIP Redemption Fee as set forth herein, shall constitute DIP Obligations) is fully earned and due and payable in the amount of $3,000,000 as of the Petition Date.

  • The recovery percentage for ABL Claims excludes recovery in respect of the ABL Redemption Fee, which, upon entry of the Interim DIP Order, shall be converted into the DIP Redemption Fee and, upon the Effective Date, converted into the Specified 1L Exit Fee.

Related to ABL Redemption Fee

  • Debenture Redemption Date means, with respect to any Debentures to be redeemed under the Indenture, the date fixed for redemption under the Indenture.

  • Note Redemption Price means, for the Redemption Date, an amount equal to the sum of:

  • Minimum Redemption means, in relation to the Euro RDR ‘Retail’ Unhedged Distribution Shares, a minimum redemption of €250 or such lesser amount as may be agreed by the Directors;

  • Final Redemption Date means for each Series, the final redemption date specified in the Final Terms for such Series.

  • Indenture Redemption Price has the meaning specified in Section 4.2(c).

  • Final Redemption Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Redemption Fee means the fee applied by us for the return of funds to an IBAN Account holder, or Cardholder following a request for redemption by an IBAN Account holder Cardholder under this Agreement, as specified in the attached Fees & Limits Schedule;

  • Special Redemption Price has the meaning set forth in paragraph 4(a) of Annex I.

  • Maturity Redemption Payment means an amount per Deposit to which you are entitled on the Maturity Date based on the performance of the Reference Portfolio which is equal to your Principal Amount x (1 + Variable Return).

  • Triggering Redemption Amount means, for each share of Preferred Stock, the sum of (a) the greater of (i) 130% of the Stated Value and (ii) the product of (y) the VWAP on the Trading Day immediately preceding the date of the Triggering Event and (z) the Stated Value divided by the then Conversion Price, (b) all accrued but unpaid dividends thereon and (c) all liquidated damages and other costs, expenses or amounts due in respect of the Preferred Stock.

  • Special Event Redemption Price has the meaning specified in Section 11.2.

  • Optional Redemption Amount means the sum of (i) 100% of the principal amount of the Debenture then outstanding, (ii) accrued but unpaid interest and (iii) all liquidated damages and other amounts due in respect of the Debenture.

  • Term Redemption Date means, with respect to any Series, the date specified as the Term Redemption Date in the Appendix for such Series.

  • Optional Redemption Price shall have the meaning set forth in Section 3.2.

  • Maximum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption shall have the meaning set forth in Section 6(a).

  • Note Redemption Date means, with respect to any Notes to be redeemed under the Indenture, the date fixed for redemption of such Notes under the Indenture.

  • Early Redemption Amount means in respect of each Note in circumstances where such Notes are redeemed early pursuant to Conditions 7(b) or (c), the outstanding principal amount of each Note, unless otherwise specified in the Final Terms or Series Offering Document, as applicable;

  • Minimum Redemption Amount has the meaning specified in the applicable Final Terms;

  • Optional Redemption Amount (Put) means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, the relevant Final Terms;

  • Monthly Redemption Date means the 1st of each month, commencing immediately upon the nine month anniversary of the Original Issue Date and terminating upon the full redemption of this Debenture.

  • Monthly Redemption Amount means, as to a Monthly Redemption, one seventh of the original principal amount at 110% of such principal amount, plus accrued but unpaid interest, liquidated damages and any other amounts then owing to the Holder in respect of this Note.

  • Monthly Redemption means the redemption of this Debenture pursuant to Section 6(b) hereof.

  • Special Redemption Date has the meaning set forth in Section 10.2.

  • Special Redemption has the meaning set forth in Section 15.1.A hereof.

  • Optional Redemption Date shall have the meaning set forth in Section 6(a).