ABL Cap Amount definition
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
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 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 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 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, (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.
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 $105,000,000 or, after the occurrence of an Acceptable Unsecured Notes Refinancing, $125,000,000.
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).