ABL Assets definition

ABL Assets means any Accounts and Inventory (as such terms are defined in the Revolving Credit Agreement) of the Borrower or any Subsidiary.
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ABL Assets means (i) accounts (as defined in the Uniform Commercial Code or the PPSA or any similar legislation) of Borrower and any Restricted Subsidiary, (ii) equipment (as defined in the Uniform Commercial Code or the PPSA or any similar legislation) of Borrower and any Restricted Subsidiary and (iii) all railcars, chassis, trucks, trailers or tractors owned by Borrower and any Restricted Subsidiary.
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ABL Assets has the meaning assigned to such term in Section 6.02(ii).
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Examples of ABL Assets in a sentence

  • Pursuant to the direction of Seller, on the Closing Date, Purchaser shall pay to the Administrators the portion of the Purchase Price allocated to the ABL Assets.

  • To the extent of the actual knowledge of the current senior management of Adaptive exercised in good faith using commercially reasonable efforts to verify the representations and warranties set forth herein but without any further obligation of investigation, Schedule 4.8(a) sets forth any Liens applicable to --------------- the ABL Assets.

  • No Material Changes to the Adaptive Assets (Including the ABL Assets) ............................................................

  • Simultaneously therewith, Seller shall take (or shall cause to be taken) all steps necessary to put Purchaser in possession or operating control of the Adaptive Assets (including the ABL Assets) which are in Seller's possession or operating control.

  • Notwithstanding anything contained in the ABL Documents to the contrary, the Initial Servicer, Conn, and the Borrowers hereby agree that the ABL Agent, the Lenders, the Securitization Trustee and any noteholders party to the Securitization Documents may share any information with respect to the Securitization Assets and the ABL Assets with such other Person, including any audits or inspection of the books and records of Conn, the Initial Servicer, the Borrowers and their affiliates.

  • Legal and equitable title and risk of loss with respect to all of the Adaptive Assets (including the ABL Assets) shall pass to Purchaser upon conveyance, assignment or transfer of the Adaptive Assets (including the ABL Assets) at the Closing.

  • Adaptive has valid title to and is the exclusive legal and equitable owner, or is the licensee or lessee of, and, subject to the entry of the Approval Order, has the unrestricted power and right to sell, and assign all of its right, title and interest in, to and under the Adaptive Assets (excluding the ABL Assets) to be sold and assigned to Adaptive pursuant to this Agreement.

  • In the event that all obligations secured by the ABL Assets shall have been paid in full and liens created with respect thereto shall have been terminated or released, then the ABL Agent shall promptly notify the other parties hereto, and the ABL Agent thereafter shall no longer have any rights or obligations hereunder.

  • Without in any way limiting the foregoing, Seller hereby disclaims any warranty (express or implied) of merchantability or fitness for any particular purpose as to any portion of the Adaptive Assets (including the ABL Assets).

  • All charges against the ABL Assets shall have been released, provided, that such charges shall be retained by the party holding such charge with respect to any proceeds of the transfer referenced in Section 7.5 hereof received by ABL and shall attach to such proceeds.

Related to ABL Assets

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Debt means the “Obligations” as defined in the ABL Debt Documents.

  • Initial Assets The Assets identified on Schedule I hereto.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Pool Assets has the meaning set forth in Section 1.2(d) of the Agreement.

  • First Lien Collateral Agent means the First Lien Credit Agreement Collateral Agent and any Additional First Lien Obligations Agent.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Excluded Assets has the meaning set forth in Section 2.2.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.