Examples of ABL Credit Agreement Documents in a sentence
If the Allowed DIP Claims become Converted DIP Claims, contemporaneously with such conversion, all liens and security interests granted to secure the obligations arising under the DIP Credit Agreement shall continue, remain in effect and be deemed to secure the obligations under the New ABL Credit Agreement Documents (the “ Continuing Liens”).
On the Effective Date, iHC, the DIP Subsidiary Borrowers, and the other applicable Debtors will execute and deliver, file, record and/or issue, as applicable, the New ABL Credit Agreement Documents.
Section 13.01.070 Notice of Violation/Stop Work Order.Section 13.01.080 Corrective Work.Section 13.01.090 Denial of Other Permits and Inspections.
Subject to the occurrence of the Effective Date, notwithstanding anything to the contrary in the Plan or the Confirmation Order (including, for the avoidance of doubt, Articles VIII.B and VIII.C of the Plan), the New ABL Credit Agreement Documents shall constitute legal, valid, and binding obligations of reorganized iHC, the reorganized DIP Subsidiary Borrowers, and the other applicable Reorganized Debtors party thereto and shall be enforceable in accordance with their respective terms.
On the Effective Date, iHC and its applicable Debtor Affiliates will execute the New ABL Credit Agreement Documents.
Entering into the New ABL Credit Agreement Documents, and the incurrence of obligations thereunder, is authorized pursuant to the Confirmation Order without the need for any further corporate action and without the need for any further action by Holders of any Claims or Interests.
The Reorganized Debtors shall have entered into the New ABL Credit Agreement Documents.
Subject to the occurrence of the Effective Date, the New ABL Credit Agreement Documents shall constitute legal, valid, and binding obligations of iHC and its applicable Debtor Affiliates party thereto and shall be enforceable in accordance with their respective terms.
The foregoing summary of the ABL Credit Agreement, as amended, the related guarantee and collateral agreements and joinder agreements (collectively, the “ABL Credit Agreement Documents”), does not purport to be a complete description and is subject to and qualified in its entirety by reference to the full text of the ABL Credit Agreement Documents, copies of which are attached as Exhibits 10.9-10.18 to this Current Report on Form 8-K and are incorporated herein by reference.
On the Effective Date, all of the Liens and security interests to be granted in accordance with the New ABL Credit Agreement Documents (1) shall be deemed to be granted, (2) shall be legal, binding, and enforceable Liens on, and security interests in, the collateral granted thereunder in accordance with the terms of the New ABL Credit Agreement Documents, and (3) shall be deemed perfected on the Effective Date.