New ABL Loans definition
New ABL Loans means the new senior secured asset-based revolving loans issued on the Effective Date under the Restated ABL Credit Agreement.
New ABL Loans means the loans incurred under a new senior secured asset-based term loan facility on terms and conditions substantially consistent with the ABL Term Sheet. “New FILO Loans” means the loans incurred under a new senior secured first-in, last-out term loan facility on terms and conditions substantially consistent with the ABL Term Sheet. “Prepetition ABL Facility” means, collectively, the prepetition asset-based revolving credit and first-in, last-out facilities provided for under the ABL Credit Agreement.
Examples of New ABL Loans in a sentence
Any prepayments of Loans hereunder shall be subject to the prior application of such amounts to the oustanding New ABL Loans in accordance with the New ABL Loan Agreement, and thereafter, shall be applied first, to prepay outstanding Reference Rate Loans and thereafter, to prepay outstanding Eurodollar Rate Loans.