ABL Cap Amount has the meaning set forth in the definition of “ABL Obligations”.
ABL Cap Amount means, as of any date of determination and subject to Section 1.3, the sum of (a)(i), the sum of (x) $150,000,000 and (y) the principal amount permitted to be incurred as “Incremental Revolving Commitments” under Section 2.14 of the ABL Credit Agreement (as in effect on the date hereof) multiplied by (ii) 115% and (b) any accrued and unpaid interest (including interest accruing at the default rate specified in the applicable ABL Financing Document and any Post-Petition Interest) and premiums (including tender premiums and prepayment premiums) payable on account of any ABL Obligations and any underwriting discounts, fees, commissions and expenses (including original issue discount, upfront fees or initial yield payments), attorneys’ fees, costs, expenses and indemnities paid or payable by any Obligor in connection with incurrence or issuance of any ABL Obligation or any Refinancing of any ABL Obligation in accordance with the terms of this Agreement.
ABL Cap Amount means, as of any date of determination and subject to Section 1.3, the sum of (a)(i), the sum of (x) $150,000,000175,000,000 and (y) the principal amount permitted to be incurred as “Incremental Revolving Commitments” under Section 2.14 of the ABL Credit Agreement (as in effect on the date hereofAmendment and Restatement Date) multiplied by (ii) 115% and (b) any accrued and unpaid interest (including interest accruing at the default rate specified in the applicable ABL Financing Document and any Post-Petition Interest) and premiums (including tender premiums and prepayment premiums) payable on account of any ABL Obligations and any underwriting discounts, fees, commissions and expenses (including original issue discount, upfront fees or initial yield payments), attorneys’ fees, costs, expenses and indemnities paid or payable by any Obligor in connection with Additional Second Lien Obligations Agent and the other agents under such Additional Second Lien Obligations Agreements, in each case, in their capacities as such.
Examples of ABL Cap Amount in a sentence
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More Definitions of ABL Cap Amount
ABL Cap Amount shall have the meaning assigned in Section 2.3(f).
ABL Cap Amount means an amount equal to (A) $275,000,000 minus (B) to the extent accompanied by a corresponding permanent reduction of the ABL Commitments, all payments and prepayments of the principal amount of the ABL Obligations made after the Closing Date.
ABL Cap Amount means an amount equal to the sum of 110% of the aggregate principal amount of loans (not to exceed $100,000,000) outstanding under the ABL Agreement as of the date of commencement of an Insolvency Proceeding, plus an amount not to exceed $25,000,000.
ABL Cap Amount means, at any time a Second Lien Term Loan Agreement is then extant, an amount equal to the amount permitted under Section 6.01(a)(xxxi) of the Initial Second Lien Term Loan Agreement as in effect on the date of this Agreement (or any equivalent section under any other Second Lien Term Loan Agreement as in effect on the date such other Second Lien Term Loan Agreement is originally entered into).
ABL Cap Amount means, as of any date of determination, an amount equal to the sum of (a) one hundred ten percent (110%) of the ABL Borrowing Base (as such term is defined in the ABL Agreement as in effect on the date hereof provided that during the Term Loan Borrowing Base II Period, such percentage shall be one hundred and seventeen and one-half percent (117.5%)), plus (b) ABL Unintentional Overadvances.
ABL Cap Amount means (x) unless the Parent Borrower or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding, (i) $100,000,000, plus (ii) any interest, fees, costs, premiums and expenses (but only in respect of or to the extent attributable to the amount in sub-section (x)(i) above) and reasonable and documented costs and expenses permitted to be paid under the ABL Credit Agreement and the ABL Loan Documents as in effect on the date hereof and (y) if the Parent Borrower or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding, (i) 110% of the outstanding principal amount of the ABL Obligations outstanding immediately prior to such Insolvency or Liquidation Proceeding (except for any portion of such ABL Obligations in excess of the amount specified in clause (x) above), plus (ii) any interest, fees, costs, premiums and expenses (which shall include post-filing interest, costs and expenses (but only in respect of or to the extent attributable to the amount in sub-section (y)(i) above)) and reasonable and documented costs and expenses in connection therewith.
ABL Cap Amount means, (x) unless the Company or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding, (i) $100,000,000 plus (ii) an amount equal to unpaid accrued interest (including Post-Petition Interest), premium, fees and expenses in respect of the ABL Obligations and (y) if the Company or any other Grantor shall be subject to any Insolvency or Liquidation Proceeding, the sum of (i) 115% of the commitments under the ABL Credit Agreement immediately prior to such Insolvency or Liquidation Proceeding (taking into account any previous permitted increases or permanent decreases of commitments pursuant to clause (x) above) or, if no commitments under the ABL Credit Agreement are in effect immediately prior to such Insolvency or Liquidation Proceeding, 115% of the outstanding ABL Obligations outstanding immediately prior to such Insolvency or Liquidation Proceeding (except for any portion of such ABL Obligations in excess of the amount specified in clause (x) above) plus (ii) an amount equal to unpaid accrued interest (including Post-Petition Interest), premium, fees and expenses in respect of the ABL Obligations.