ABL Lien means any Lien created by the ABL Security Documents.
ABL Lien means a Lien granted, or purported to be granted, by an ABL Security Document to the ABL Collateral Agent, at any time, upon any property of the Issuer or any Subsidiary Guarantor to secure ABL Lien Obligations; provided that any such Lien upon Collateral other than ABL Priority Collateral will be junior to the Priority Liens and the Junior Liens.
ABL Lien means all Liens on the Collateral securing the ABL Obligations, whether created under the ABL Collateral Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise and whether or not created following the commencement of any Insolvency Proceeding, now or hereafter held by or on behalf of the ABL Collateral Agent or any other ABL Claimholders, or any agent or trustee therefor.
Examples of ABL Lien in a sentence
For the avoidance of doubt, all references to “ABL Priority Collateral” in this Interim Order shall include any DIP Collateralin which the ABL Loan Secured Parties have a Prepetition ABL Lien or an ABL Adequate Protection Lien, in each case that constitutes ABL Priority Collateral, subject to the terms hereof and the relative rights and priorities set forth herein and in the Intercreditor Agreements.
This program is in effect for grades 7-12 and all violations will be held cumulatively through graduation or upon departure from Celina City Schools.
More Definitions of ABL Lien
ABL Lien means a Lien granted under or pursuant to an ABL Collateral Document, at any time, upon any property of the Company or any Guarantor or any other Person to secure ABL Debt Obligations.
ABL Lien means any Lien granted or purported to be granted to any ABL Secured Party as security for any ABL Obligation.
ABL Lien means any Lien created by the ABL Security Documents. "ABL Obligations" means (a) all principal of and interest (including without limitation any Post- Petition Interest) and premium (if any) on all loans made pursuant to the ABL Agreement or any ABL DIP Financing by the ABL Secured Parties, (b) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to the ABL Agreement, (c) all Swap Obligations, (d) all Banking Services Obligations and (e) all guarantee obligations, indemnities, fees, expenses and other amounts payable from time to time pursuant to the ABL Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any ABL Obligation (whether by or on behalf of any Loan Party, as Proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Notes Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the ABL Secured Parties and the Notes Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. "ABL Obligations Payment Date" means the first date on which (a) the ABL Priority Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full (or cash collateralized or defeased in accordance with the terms of the ABL Documents), (b) all commitments to extend credit under the ABL Documents have been terminated, (c) there are no outstanding letters of credit or similar instruments issued under the ABL Documents (other than such as have been cash collateralized or defeased in accordance with the terms of the ABL Documents), (d) the Swap Obligations and Banking Services Obligations have been terminated (or the applicable parties have entered into other arrangements satisfactory to the ABL Secured Parties party thereto), (e) ABL Representative has received cash collateral in such amount as ABL Representative determines is reasonably necessary to secure the ABL Secured Parties in respect of any asserted or threatened (in writing) claims, demands, actions, suits, proceedings, investiga...
ABL Lien means a Lien granted by a Security Document to the ABL Collateral Agent, at any time, upon any ABL Collateral and any other Collateral of the Company or any Guarantor to secure ABL Lien Obligations; provided that any such Lien upon Collateral (other than ABL Collateral) will be junior to the Liens securing the Notes pursuant to the intercreditor agreement.
ABL Lien means any Lien securing (a) Ravenswood ABL Lien Debt Obligations, (b) Indebtedness and other Obligations in respect of the Wise ABL Facility or (c) Indebtedness and other Obligations in respect of any other asset-based lending facility subject to a customary intercreditor agreement that was entered into in accordance with the terms of this Indenture.
ABL Lien means, with respect to any asset, any mortgage, lien, pledge, hypothecation, charge, security interest or similar encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law (including any conditional sale or other title retention agreement or any lease in the nature thereof); provided that in no event shall an operating lease or an agreement to sell be deemed to constitute an ABL Lien.