Foreign ABL Facility definition

Foreign ABL Facility means, with respect to the one or more Foreign Restricted Subsidiaries, an indebtedness facility with banks, other institutional lenders and/or other investors providing for revolving credit loans, term loans, letters of credit, bankers’ acceptances or other borrowings, including any notes, guarantees, collateral and security documents (including mortgages, pledge agreements and other security arrangements), instruments and agreements executed in connection therewith, and in each case as amended, modified or refinanced from time to time, including any agreement or agreements extending the maturity of, or refinancing or replacing (including increasing the amount of borrowings or other Debt outstanding or available to be borrowed thereunder), all or any portion of the Debt under such agreement, and any successor or replacement agreement or agreements with the same or any other agent, creditor, lender or group of creditors or lenders; provided that, to the extent any such Foreign ABL Facility is Guaranteed by the Issuer or any Subsidiary Guarantor, if such Guarantee is secured by Collateral, at the option of the Issuer, either (i) an authorized representative of the holders of such Debt shall have executed a joinder to the Intercreditor Agreement in the form provided therein and such representatives and holders shall be bound by the terms thereof as ABL Secured Parties or (ii) such Debt shall constitute Junior Lien Debt. It is understood and agreed for the avoidance of doubt that any Foreign ABL Facility may be, but is not required to be, governed by the same documentation as any other ABL Credit Facility.
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Foreign ABL Facility shall have the meaning provided in the Original Notes Indenture.
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Examples of Foreign ABL Facility in a sentence

  • Any such additional party, the ABL Collateral Agent, the Trustee and the Notes Collateral Agent shall be entitled to rely upon an Officer’s Certificate certifying that such Pari Passu Notes Lien Debt, Debt under a Foreign ABL Facility or Pari Passu ABL Lien Debt, as the case may be, was issued or borrowed in compliance with the ABL Credit Agreement and the Notes Documents, and no Opinion of Counsel shall be required in connection therewith.

Related to Foreign ABL Facility

  • ABL Facility means the asset-based revolving credit facility made available to the Borrower and certain of its Subsidiaries pursuant to the ABL Credit Agreement.

  • Senior ABL Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

  • Foreign Assets means any of the Portfolios' investments (including foreign currencies) for which the primary market is outside the United States and such cash and cash equivalents as are reasonably necessary to effect the Portfolios' transactions in such investments.

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Foreign Account means an Account in which Foreign Currencies or Securities are held by the Custodian for the benefit of clients whether in comingled accounts or accounts designated for each beneficial owner as is required under the regulatory jurisdiction where the Foreign Account is established.