ABL DIP Lenders definition

ABL DIP Lenders means the lenders from time to time party to the ABL DIP Credit Agreement.
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ABL DIP Lenders means the lender or lenders under the ABL Credit Agreement.
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ABL DIP Lenders means, collectively, each “Lender” as defined in the ABL DIP Credit Agreement.
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Examples of ABL DIP Lenders in a sentence

  • The Superpriority Claims granted hereunder to the holders of the Roll Up DIP Loans (the “Roll Up DIP Lenders”) shall be immediately junior in priority and subject to the Superpriority Claims of the New Money DIP Lenders and ABL DIP Lenders.

  • The ABL DIP Facility shall be in full force and effect and no “Default” or “Event of Default” (as defined in the ABL DIP Credit Agreement) shall have occurred and be continuing under the ABL DIP Credit Agreement that remains uncured or not expressly waived in writing by the ABL DIP Lenders.

  • The ABL DIP Lenders are willing to establish the ABL DIP Facility upon the terms and conditions set forth herein and in that certain Post-Petition Credit Agreement to be entered into by the domestic Debtors and the ABL DIP Credit Parties, substantially in the form attached to the Motion (together with all schedules, exhibits and annexes thereto, and as at any time amended, the “ABL DIP Loan Agreement”).

  • The Superpriority Claims granted hereunder to the ABL DIP Lenders shall be pari passu with the Superpriority Claims granted hereunder to the holders of the New Money DIP Loans (the “New Money DIP Lenders”).

  • The ABL DIP Agent is authorized to retain one firm as counsel, one additional firm as local counsel in the United States, and conflicts counsel for the ABL DIP Lenders, plus (i) an appraiser, (ii) a financial advisor and consultants, (iii) to the extent necessary in the ABL DIP Agent’s reasonable discretion, an environmental consultant, and (iv) a field auditor.

  • The consent provided by the ABL DIP Lenders similarly binds all other Prepetition ABL Lenders and the BrandCo Lenders and 2016 Term Lenders under the ABL Intercreditor Agreement.

  • After the Effective Date, the Reorganized Debtors shall continue to reimburse the ABL DIP Agent and the ABL DIP Lenders for the reasonable and documented fees and expenses (including reasonable and documented legal fees and expenses) incurred by the ABL DIP Agent and the ABL DIP Lenders after the Effective Date that survive termination or maturity of the ABL DIP Facility in accordance with the terms thereof and/or the DIP Order until the obligations under the ABL DIP Facility have been Paid in Full.

  • The Reorganized Debtors shall pay all of the amounts that may become payable to the ABL DIP Agent or any of the ABL DIP Lenders under any of the foregoing provisions in accordance with the ABL DIP Facility Documents.

  • If the Required Term Loan DIP Lenders and/or the Required ABL DIP Lenders have not objected, in writing, to a proposed updated budget, or an amendment, supplement or modification to the Approved Budget or an Approved Variance Report, within three (3) business days after their receipt thereof, such proposed updated budget, amendment, supplement or modification shall be deemed acceptable to and approved by the Required Term Loan DIP Lenders and/or the Required ABL DIP Lenders.

  • The ABL DIP Lenders have agreed to continue to provide revolving credit to the Debtors, but only on the basis that they receive postpetition priority and similar protections for the entirety of the ABL exposure and specifically negotiated for the roll-up in the context of their commitment on the terms described herein.


More Definitions of ABL DIP Lenders

ABL DIP Lenders means the banks, financial institutions, and other lenders party to the ABL DIP Facility from time to time.
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ABL DIP Lenders means BofA and certain other financial institutions (and their respective successors and assigns) in their capacity as lenders under the ABL DIP Agreement.
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ABL DIP Lenders means the lenders providing the ABL DIP Facility under the ABL DIP Documents.
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ABL DIP Lenders means those lenders party to the ABL DIP Credit Agreement.
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ABL DIP Lenders means, collectively, each “Lender” as defined in the ABL DIP Credit Agreement. “ABL Obligations” shall mean the “ABL Obligations” as defined in the Intercreditor Agreement.
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Related to ABL DIP Lenders

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

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

  • Bank Lenders means the lenders from time to time party to the Bank Credit Agreement.

  • ABL Credit Agreement as defined in the recitals hereto.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • ABL Documents means the ABL Agreement, each ABL Security Document, each ABL Guarantee and each other “Loan Document” as defined in the ABL Agreement (other than this Agreement).

  • DIP Lender means a lender under the DIP Facility.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Majority Revolving Lenders at any time, (a) if only one Revolving Lender holds the Total Revolving Commitments at such time, such Revolving Lender, both before and after the termination of such Revolving Commitment; and (b) if more than one Revolving Lender holds the Total Revolving Commitment, at least two Revolving Lenders who hold more than 50% of the Total Revolving Commitments (including, without duplication, the L/C Commitments) or, at any time after the termination of the Revolving Commitments when such Revolving Commitments were held by more than one Revolving Lender, at least two Revolving Lenders who hold more than 50% of the Total Revolving Extensions of Credit then outstanding (including, without duplication, any L/C Disbursements that have not yet been reimbursed or converted into Revolving Loans at such time)); provided that the Revolving Commitments of, and the portion of the Revolving Loans and participations in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Majority Revolving Lenders; provided further that a Lender and its Affiliates shall be deemed one Lender.

  • Term Loan Lenders means the financial institutions from time to time parties hereto as lenders of the Term Loan.