ABL Claims definition

ABL Claims means the “ABL Claims” as defined in the Intercreditor Agreement.

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ABL Claims means any and all Claims relating to, arising out of, arising under, or arising in connection with the ABL Credit Facility.

ABL Claims means the aggregate of (i) the principal amount of all Indebtedness (other than ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations) and the face amount of all letters of credit incurred under the ABL Credit Agreement to the extent such principal amount is permitted to be incurred pursuant to Section 6.2(h)(y) of each of the Term Loan Credit Agreements (or the corresponding provision of any other Term Loan Credit Agreement), as in effect on the date hereof (or, as amended (or, in the case of any other Term Loan Credit Agreement, replaced) after the date hereof to the extent such amendment increases such maximum permitted principal amount) (the “Maximum ABL Amount”), together with any interest, fees, attorneys’ fees, costs, expenses and indemnities payable on account of such principal amount or otherwise in respect of, or arising under, the ABL Credit Agreement or the ABL Loan Documents related thereto or any of them, including all fees and expenses of the applicable ABL Agent thereunder, and (ii) the maximum amount of all ABL Lender Cash Management Obligations and ABL Lender Hedging Obligations (calculated, in the case of ABL Lender Hedging Obligations at any given date, as the maximum aggregate amount, giving effect to any netting agreements, that would be required to be paid if all Specified ABL Hedging Agreements underlying such ABL Lender Hedging Obligations were terminated as of such date), plus, in each case, all interest and expenses accrued or accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the relevant ABL Loan Document to the extent that the claim for such interest or expense is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding.

Examples of ABL Claims in a sentence

• This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the benefit of each of, and be binding upon, the holders of ABL Claims and Term Loan Claims.

• The Lien priority set forth in this Agreement shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement, renewal, restatement or Refinancing of the ABL Claims, the Term Loan Claims, or any portion thereof, in each case, in accordance with Section 9.3 (to the extent applicable).

• Except as otherwise provided herein, each Term Loan Agent, on behalf of itself and each applicable Term Loan Lender, assents to any such extension or postponement of the time of payment of the ABL Claims or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the ABL Claims and to the addition or release of any other Person primarily or secondarily liable therefor.

• Each Term Loan Agent, for and on behalf of itself and the applicable Term Loan Lenders, agrees that no payment to the ABL Agent or any ABL Lender pursuant to the provisions of this Agreement shall entitle such Term Loan Agent or any Term Loan Lender to exercise any rights of subrogation in respect thereof until the Discharge of ABL Claims shall have occurred.

• If the new Term Loan Claims under the new Term Loan Documents are secured by assets of the Grantors of the type constituting ABL Priority Collateral that do not also secure the ABL Claims, then the ABL Claims shall be secured at such time by a Lien on such assets to the same extent provided in the ABL Collateral Documents with respect to the other ABL Priority Collateral.

More Definitions of ABL Claims

ABL Claims means the ABL Priority Claims and the ABL Other Claims.

ABL Claims means any Claim on account of the ABL Loans.

ABL Claims means Claims arising on account of the ABL Facility.

ABL Claims means any and all claims arising from, under or in connection with

ABL Claims means Claims in favor of the ABL Lender arising under the ABL Credit Agreement.

ABL Claims means, collectively, the ABL Deficiency Claim and the ABL Secured Claim.

ABL Claims means any and all Claims derived from, based upon, or secured by the ABL Credit Agreement or any other agreement, instrument, or document executed at any time in connection therewith, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto, in each case, with respect to the ABL Loans.