ABL Facility. Notwithstanding anything to the contrary in Sections 2.03(b) and (e), if any Indebtedness under any ABL Facility is outstanding, to the extent a prepayment or cash collateralization of letters of credit is required under such ABL Facility due to any Net Proceeds or Extraordinary Receipts constituting the proceeds of ABL Priority Collateral, no prepayment shall be required under Sections 2.03(b) and (e) to the extent of such required payment under such ABL Facility.
Appears in 4 contracts
Samples: Credit Agreement (Contura Energy, Inc.), Credit Agreement (Contura Energy, Inc.), Credit Agreement (Contura Energy, Inc.)
ABL Facility. Notwithstanding anything to the contrary in Sections 2.03(b2.05(e) and (e2.05(h), if any Indebtedness under any ABL Facility is outstanding, to the extent a prepayment or cash collateralization of letters of credit is required under such ABL Facility due to any Net Proceeds or Extraordinary Receipts Net Insurance/Condemnation Proceeds constituting the proceeds of ABL Priority Collateral, no prepayment shall be required under Sections 2.03(b2.05(e) and (e2.05(h) to the extent of such required payment under such ABL Facility.
Appears in 3 contracts
Samples: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)
ABL Facility. Notwithstanding anything to the contrary in Sections 2.03(b2.05(e) and (e2.05(h), if any Indebtedness under any ABL Facility is outstanding, to the extent a prepayment or cash collateralization of letters of credit is required under such ABL Facility due to any Net Proceeds or Extraordinary Receipts Net Insurance/Condemnation Proceeds constituting the proceeds of ABL Priority Collateral, no prepayment shall be required under Sections 2.03(b2.05(e) and (e2.05(h) to the extent of such required payment under such ABL Facility.Facility.[Reserved]. NAI-1504047260v2
Appears in 2 contracts
Samples: Credit Agreement (Peabody Energy Corp), Credit Agreement (Peabody Energy Corp)
