Replacement ABL Facility definition
Replacement ABL Facility has the meaning set forth in Section 6.01(a)(ii)(B).
Replacement ABL Facility means any asset-based lending facility in form and substance reasonably satisfactory to the Administrative Agent and Primary Borrower that, prior to, or after, the Closing Date, (i) refinances or replaces (including any replacement after the termination of the Existing Midcap Facility) that certain Credit, Security and Guaranty Agreement, dated as of May 21, 2021, among the Primary Borrower and its Subsidiaries party thereto as Borrowers, Midcap Financial Trust, in its capacity as Administrative Agent thereunder, and each of the lenders party thereto and (ii) is subject to the ABL Intercreditor Agreement.
Replacement ABL Facility means any revolving or asset-based revolving, term loan and/or letter of credit facility incurred after the Restatement Date constituting a Replacement ABL Facility as such term is defined in the Term Loan Agreement as in effect on the Restatement Date.
More Definitions of Replacement ABL Facility
Replacement ABL Facility means any asset-based lending facility in form and substance reasonably satisfactory to the Administrative Agent and Borrower that, prior to the Closing Date, refinances and replaces that certain Credit, Security and Guaranty Agreement, dated as of May 21, 2021, among the Borrower and its subsidiaries party thereto as Borrowers, Midcap Financial Trust, in its capacity as Administrative Agent thereunder, and each of the lenders party thereto.
Replacement ABL Facility means a revolving credit facility in aggregate principal amount not to exceed $75,000,000 provided to the Borrowers on substantially the same terms as and in any event no less favorable to the Borrowers or the Term Secured Parties than the Revolving Loan Commitments hereunder and subject to the intercreditor provisions of Annex C hereof.