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 shall have the meaning assigned in Section 2.3(f).
Examples of ABL Cap Amount in a sentence
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More Definitions of ABL Cap Amount
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.
ABL Cap Amount means an amount equal to (A) $475,000,000 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 and undrawn face amount of letters of credit (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, 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) the sum of (i) $82,500,000, plus (ii) if the Company or any other ABL Credit Party shall be subject to any Insolvency or Liquidation Proceeding, $7,500,000, minus (y) the amount of all payments in respect of the ABL Principal Obligations under the ABL Credit Agreement that result in a permanent reduction of the revolving credit commitments under the ABL Credit Agreement (other than payments of such revolving loan obligations in connection with a Refinancing thereof pursuant to Section 5.6 hereof and any payments that are rescinded or required to be returned).
ABL Cap Amount means the principal sum of $143,750,000. For the avoidance of doubt, such principal sum shall not include (a) the amount of any capitalized interest, fees and expenses (including Post-Petition Interest) and paid in kind amounts on any Indebtedness under the ABL Loan Documents, (b) all ABL Bank Product Obligations or (c) all reimbursement and indemnification obligations under the ABL Loan Documents (except with respect to the drawn amount of letters of credit) plus, in the case of a Refinancing permitted hereunder, an amount equal to unpaid accrued interest, premium, fees and expenses payable in connection with such Refinancing.
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).