Examples of ABL Agreement in a sentence
The DIP ABL Claims shall be Allowed Claims in the full amount outstanding under the DIP ABL Agreement, including principal, interest, fees, expenses, and all other DIP ABL Obligations (as defined in the DIP Order).
As described herein, the Debtors’ prepetition capital structure contains two tranches of first lien secured debt: (a) the Prepetition ABL Facility (issued under the Prepetition ABL Agreement) and (b) the Prepetition Term Loans (issued under the Prepetition Term Loan Facility).
If the product is failed to satisfy the clinical parameters and not approved be the end-user(s) / technical committee on clinical ground, it will be rejected in-spite of qualifying other parameters.
To the extent the Debtors enter into the DIP ABL Facility prior to the Confirmation Date, all DIP ABL Facility Claims shall be deemed Allowed as of the Effective Date in an amount equal to (a) the principal amount outstanding under the DIP ABL Agreement on such date, (b) all accrued and unpaid interest thereon to the date of payment, and (c) all accrued and unpaid fees, expenses, and noncontingent indemnification obligations payable under the DIP ABL Agreement and the DIP Financing Order.
Distributions on account of the Allowed Prepetition ABL Claims, Allowed Prepetition Term Loan Claims and DIP Claims shall be made to the Prepetition ABL Agreement Agent, the Prepetition Term Loan Agent, and the applicable DIP Agent, respectively, and such agent will be, and shall act as, the Distribution Agent with respect to its respective Class of Claims in accordance with the terms and conditions of this Plan and the applicable credit documents.