ABL Commitment Letter definition
Examples of ABL Commitment Letter in a sentence
The Lenders will work in good faith with the ABL Agent to amend or otherwise modify the Intercreditor Agreement to the extent necessary to give effect to (a) the provisions of this Term Sheet, (b) the Closing Date Modifications (including to ABL Commitment Letter on the terms described in Annex B) and/or (c) the Merger.
Except as set forth in the applicable Debt Letter, there are no (i) conditions precedent to the respective obligations of the Financing Sources that are party to the ABL Commitment Letter to fund the full amount of the ABL Financing, (ii) conditions precedent to the obligations of Bank J.
Notwithstanding anything to the contrary set forth herein, Sections 9.1, 9.6, 9.11, 9.12 and 9.13 and this Section 9.2 (and any provision of this Agreement to the extent a modification, waiver or termination of such provision would modify the substance of any such Sections) may not be waived or terminated in a manner that is adverse to the Financing Source Related Parties without the prior written consent of the lead arranger under the ABL Commitment Letter.
In the event that Parent commences an enforcement action to enforce its rights under the ABL Commitment Letter, the Definitive Agreements, the Change of Control Offer Letter or the Equity Commitment Letters and/or cause the Financing Sources to fund the ABL Financing, Bank J.
Parent shall give the Company prompt oral and written notice of any material breach or default by any party to the ABL Commitment Letter, the Definitive Agreements, the Change of Control Offer Letter or the Equity Commitment Letters of which Parent becomes aware or any termination, withdrawal, repudiation or waiver, amendment or other modification of the ABL Commitment Letter, the Definitive Agreements, the Change of Control Offer Letter or the Equity Commitment Letters.