ABL DIP Financing definition

ABL DIP Financing has the meaning set forth in Section 5.2(a).
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ABL DIP Financing means any Senior Priority DIP Financing consented to by the ABL Agent. ​
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ABL DIP Financing has the meaning set forth in Section 5.2(a). "ABL Documents" means the ABL Agreement, each ABL Security Documents, each ABL Guarantee and each other "Loan Document" as defined in the ABL Agreement.
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Examples of ABL DIP Financing in a sentence

  • The Pre-Petition ABL Agent and Pre- Petition ABL Lenders shall be entitled to the same reporting, notification and other information rights as the ABL DIP Creditor Parties under the ABL DIP Financing Documents.

  • As provided in the ABL DIP Loan Agreement, the Pre-Petition LCs shall be treated as having been issued under the ABL DIP Loan Agreement, shall constitute part of the ABL DIP Credit Extensions, shall be entitled to all of the benefits and security of the ABL DIP Financing Documents, the DIP Collateral and this Interim Order, and from and after entry of this Interim Order shall cease to be regarded as part of the Pre-Petition ABL Debt.

  • To the extent required in the ABL DIP Financing Documents, each Debtor shall cause all Cash Collateral constituting proceeds of ABL Priority Collateral (“ABL Cash Collateral”) to be promptly deposited in an account or accountsdesignated by the ABL DIP Agent (each, a “Dominion Account”), and the Debtors shall not deposit into any Dominion Account any amounts that are not proceeds of ABL PriorityCollateral.

  • As provided in the ABL DIP Financing Documents, all such attorneys, appraisers, auditors and financial advisors and consultants shall be afforded reasonable access to the Collateral and each Debtor’s business premises and records, during normal business hours, for purposes of monitoring the businesses of the Debtors, verifying each Debtors’ compliance with the terms of the DIP Financing Documents and this Interim Order, and analyzing or appraising all or any part of the Collateral.

  • The foregoing provisions of this Section 6.2(a) shall not prevent the Term Agents from objecting to any provi- sion in any Cash Collateral order or ABL DIP Financing documentation relating to any provision or con- tent of a plan of reorganization.

  • ABL DIP Financing is otherwise subject to the terms of this Agreement.

  • To the extent required in the ABL DIP Financing Documents, each Debtor shall cause all Cash Collateral constituting proceeds of ABL Priority Collateral (“ABL Cash Collateral”) to be promptly deposited in an account or accountsdesignated by the ABL DIP Agent (each, a “Dominion Account”), and the Debtors shall not deposit into any Dominion Account any amounts that are not proceeds of ABL Priority Collateral.

Related to ABL DIP Financing

  • DIP Financing shall have the meaning set forth in Section 6.1(a).

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • Permitted Junior Priority Refinancing Debt means secured Indebtedness (including any Registered Equivalent Notes) incurred by the Parent Borrower, and if applicable, any Co-Borrower, in the form of one or more series of junior priority secured notes or junior priority secured loans; provided that (i) such Indebtedness is secured by the Collateral on a second priority (or other junior priority) basis to the liens securing the Obligations and the obligations in respect of any Permitted First Priority Refinancing Debt and is not secured by any property or assets of a Borrower or any Restricted Subsidiary other than the Collateral, (ii) such Indebtedness may be secured by a Lien on the Collateral that is junior to the Liens securing the Obligations and the obligations in respect of any Permitted First Priority Refinancing Debt, notwithstanding any provision to the contrary contained in the definition of “Credit Agreement Refinancing Indebtedness,” (iii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of the Intercreditor Agreements, (iv) such Indebtedness does not mature or have scheduled amortization payments of principal or payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (except customary asset sale or change of control provisions that provide for the prior repayment in full of the Loans and all other Obligations), in each case prior to 91 days after the Latest Maturity Date at the time such Indebtedness is incurred, (v) such Indebtedness is not at any time guaranteed by any Subsidiaries other than Subsidiaries that are Co-Borrowers or Guarantors and (vi) the security agreements relating to such Indebtedness are substantially the same as or more favorable to the Loan Parties than the Collateral Documents (with such differences as are reasonably satisfactory to the Agent). Permitted Junior Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

  • Second Lien Debt means the Indebtedness and guarantees thereof now or hereafter incurred pursuant to the Second Lien Loan Documents.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • First Lien Obligations means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Other First Lien Obligations.

  • DIP means debtor-in-possession.

  • Priority Indebtedness means the sum, without duplication, of all Indebtedness of the Guarantor or any of its Subsidiaries secured by Liens other than Permitted Liens.