Examples of ABL Credit Parties in a sentence
Each Lender further understands, acknowledges and agrees that (i) the provisions setting forth the priorities as between the ABL Credit Parties and the Term Secured Parties (as representative for themselves and the Second Lien Secured Parties) are set forth in the ABL/Term Intercreditor Agreement and (ii) the provisions setting forth the priorities as between the Term Secured Parties and the Second Lien Secured Parties are set forth in the Term Intercreditor Agreement.
All Term Obligations at any time made or incurred by any Loan Party shall be deemed to have been made or incurred in reliance upon this Agreement, and the ABL Agent, on behalf of itself and the ABL Credit Parties, hereby waives notice of acceptance, or proof of reliance, by the Term Agent or any Term Credit Party of this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any part of the Term Obligations.
Notwithstanding the foregoing purchase of the ABL Obligations by the purchasing Term Credit Parties, the ABL Credit Parties shall retain the right to indemnification from the Loan Parties under Section 10.04 of the ABL Credit Agreement and other obligations of the Loan Parties under the ABL Documents which by their express terms would survive any repayment of the ABL Obligations.
The Term Agent is hereby authorized to make any such endorsements as agent for the ABL Agent or any such other ABL Credit Parties.
This Agreement is solely for the benefit of the ABL Agent, the ABL Credit Parties, the Term Agent and the Term Credit Parties.