ABL Secured Parties definition

ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

ABL Secured Parties means each of (i) the ABL Collateral Agent on behalf of itself and the lenders under the ABL Facility and lenders or their affiliates counterparty to related Hedging Obligations and (ii) each other holder of ABL Obligations.

ABL Secured Parties shall have the meaning assigned to that term in the introduction to this Agreement.

Examples of ABL Secured Parties in a sentence

• The ABL Secured Parties and the Term Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith hereof.

• Without limiting the generality of the foregoing, the ABL Secured Parties shall not be obligated to see to the application of any Proceeds of the Term Priority Collateral deposited into any Deposit Account or be answerable in any way for the misapplication thereof.

• The Term Agent is not and shall not be deemed to be a fiduciary of any kind for the ABL Secured Parties, or any other Person.

• Until the Discharge of Term Obligations has occurred, the ABL Agent, on behalf of itself and the ABL Secured Parties, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the Term Priority Collateral without the Term Agent’s express written consent.

• The ABL Agent represents and warrants to the Term Agent that it has the requisite power and authority under the ABL Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the ABL Secured Parties and that this Agreement shall be binding obligations of the ABL Agent and the ABL Secured Parties, enforceable against the ABL Agent and the ABL Secured Parties in accordance with its terms.

More Definitions of ABL Secured Parties

ABL Secured Parties shall have the meaning provided in the Intercreditor Agreement.

ABL Secured Parties means the ABL Agent and the ABL Lenders.

ABL Secured Parties means the ABL Representative, the ABL Creditors and any other holders of the ABL Obligations.

ABL Secured Parties has the meaning assigned that term in the ABL Intercreditor Agreement.

ABL Secured Parties means holders from time to time of the ABL Secured Obligations.

ABL Secured Parties the ABL Administrative Agent, the ABL Collateral Agent and each Person that is a lender under the ABL Credit Agreement.

ABL Secured Parties means the ABL Agent and the other “Lender Parties” as defined in the ABL Credit Agreement.