ABL Cap Amount has the meaning set forth in the definition of “ABL Obligations”.
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, 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.
Examples of ABL Cap Amount in a sentence
To the extent, but only to the extent, permitted by the provisions of the ABL Loan Documents and the Fixed Asset Loan Documents, and subject to the ABL Cap Amount or the Fixed Asset Cap Amount, as applicable, the Company may incur or issue and sell one or more series or classes of Indebtedness under credit agreements, debt facilities, indentures and/or commercial paper facilities that the Company designates as an Additional ABL Credit Agreement or Additional Fixed Asset Credit Agreement, as applicable.
More Definitions of ABL Cap Amount
ABL Cap Amount shall have the meaning assigned in Section 2.3(f).
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, 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, 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 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 (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 (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, plus (iii) an amount equal to all interest (including Post-Petition Interest), premiums, fees, expenses, indemnities and other amounts accrued or charged (and unpaid) with respect to any of the ABL Obligations, irrespective of whether the same is added to the principal amount of the ABL Obligations and including the same as would accrue and become due but for the commencement of an Insolvency or Liquidation Proceeding, whether or not such amounts are allowed or allowable, in whole or in part, in any such Insolvency or Liquidation Proceeding, minus (y) the amount of all payments of revolving loan 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 and any payments that are rescinded or required to be returned).