ABL Debt definition

ABL Debt means the “Obligations” as defined in the ABL Debt Documents.

ABL Debt means (1) any Indebtedness outstanding from time to time under the ABL Credit Agreement, (2) all obligations with respect to such Indebtedness and any Swap Contract incurred with any ABL Lender (or its Affiliates) and secured by the ABL Facility Collateral and (3) all Treasury Services Agreement incurred with any ABL Lender (or its Affiliates) and secured by the ABL Facility Collateral.

ABL Debt means any (1) Indebtedness outstanding from time to time under any ABL Credit Agreement, (2) all obligations with respect to such Indebtedness and any Hedging Obligations incurred with any ABL Lender (or its Affiliates) and secured by the ABL Collateral and (3) all Bank Products incurred with any ABL Lender (or its Affiliates) and secured by the ABL Collateral.

Examples of ABL Debt in a sentence

• Use of Proceeds: Repay all obligations under the ABL Debt, with remaining amounts to be used for the payment of currently outstanding trade payables and any excess used for general corporate purposes.

• Borrower shall use the proceeds of 2024 Term Loans solely for (a) transaction fees and expenses incurred in connection with the transactions contemplated hereby and by any other Financing Documents, (b) to repay a portion of the outstanding ABL Debt under the ABL Credit Agreement, and (c) for working capital needs and general corporate purposes of the Credit Parties and their Subsidiaries.

• The Lenders acknowledge that the ABL Debt may be secured by Liens on the Collateral and that the exercise of certain of the rights and remedies of Agent under the Financing Documents may be subject to the provisions of the ABL Intercreditor Agreement.

More Definitions of ABL Debt

ABL Debt means Funded Debt and letter of credit and reimbursement obligations with respect thereto incurred by the Issuer or any of the Subsidiary Guarantors under Section 4.03(b)(i)(x) that is secured by an ABL Lien that is permitted to be incurred and so secured under each applicable Secured Debt Document.

ABL Debt shall have the meaning assigned to such term in the Intercreditor Agreement as of the Closing Date.

ABL Debt means the Obligations (as defined in the ABL Loan Agreement) evidenced by or arising under the ABL Documents.

ABL Debt means Funded Debt incurred by the Company or any of the Guarantors under Section 4.09(b)(1) hereof that is secured by an ABL Lien that is permitted to be incurred and so secured under each applicable Secured Debt Document; provided, that:

ABL Debt means Funded Debt incurred by the Company or any of the Guarantors under clause (1) of the definition of Permitted Debt that is secured by an ABL Lien that is permitted to be incurred and so secured under each applicable Secured Debt Document; provided, that:

ABL Debt means the principal amount of:

ABL Debt means Indebtedness under the ABL Credit Facility, the ABL Hedge Agreements and the ABL Cash Management Agreements.