ABL Equipment means, collectively, all of that Equipment listed on Schedule 1.2(b) to this Agreement (which such Schedule 1.2(b) shall indicate, as to each such item of Equipment, whether such item of Equipment is “titled collateral” governed by a certificate of title statute in any applicable jurisdiction), together with all ABL Equipment Spare Parts and all accessions (as defined in the Uniform Commercial Code) thereto; provided that, to the extent the Schedule 1.2(b) added to the Note Purchase Agreement pursuant to the Second Amendment on the Second Amendment Effective Date indicates that the VIN# for any particular item of ABL Equipment is “TBD” or “To Be Determined”, promptly following the determination of all such VIN#’s for all such items, the Note Parties shall deliver written notice to Agent and to the Revolving Agent (as defined in the Intercreditor Agreement) providing an updated copy of such Schedule 1.2(b) with such VIN#’s (and any other “TBD” information) completed, which shall constitute an update and amendment to such Schedule 1.2(b) for all purposes hereunder and under the Intercreditor Agreement.
ABL Equipment means all equipment of the Grantors described in reasonable detail on Exhibit A (which will be updated automatically when an updated Exhibit A is sent by the ABL Agent to the Term Loan Agent) hereto, the purchase of which was financed at least 80% from the proceeds of the term loan included in ABL Debt (evidenced by an invoice not more than six (6) months prior to the date of the proposed advance of term loan ABL Debt and specifically identified by Borrower as constituting the basis for such requested advance).
ABL Equipment means (a) all equipment of the Grantors described in reasonable detail on Exhibit A (which will be updated automatically when an updated Exhibit A is sent by the ABL Agent to the Term Loan Agent) hereto, the purchase of which was financed at least 80% from the proceeds of the term loan included in ABL Debt and (b) all equipment of the Grantors that is (x) acquired in connection with the acquisition by any Loan Party of all or substantially all of the assets of Waste Disposal Solutions of North Carolina, Inc. (the "WDS Acquisition") and (y) described in reasonable detail on an updated Exhibit A sent by the ABL Agent to the Term Loan Agent prior to consummation of the WDS Acquisition.
Examples of ABL Equipment in a sentence
Term Loan Agent will permit the ABL Agent to make copies of any Books and take possession of all documents of title for ABL Equipment necessary in connection with the sale of any ABL Priority Collateral.
Subject to the Intercreditor Agreement, as amended by the First Intercreditor Amendment, each of the Note Parties shall complete each of the applicable actions described on Schedule 6.14 to the Note Purchase Agreement with respect to the ABL Equipment as soon as commercially reasonable and in any event within ninety (90) days of the effective date of this Agreement (or such longer period as may be agreed to by the Agent).
More Definitions of ABL Equipment
ABL Equipment means, collectively, all of the Equipment listed on Exhibit 1.2(b) to the Agreement (which such Exhibit 1.2(b) shall indicate, as to each such item of Equipment, whether such item of Equipment is “titled collateral” governed by a certificate of title statute in any applicable jurisdiction), together with all ABL Equipment Spare Parts and all accessions (as defined in the Uniform Commercial Code) thereto.
ABL Equipment means, collectively, all of that Equipment listed on Exhibit 1.2(b) to the Credit Agreement (which such Exhibit 1.2(b) shall indicate, as to each such item of Equipment, whether such item of Equipment is “titled collateral” governed by a certificate of title statute in any applicable jurisdiction), together with all ABL Equipment Spare Parts and all accessions (as defined in the Uniform Commercial Code) thereto; provided that, to the extent the Exhibit 1.2(b) added to the Credit Agreement pursuant to the Second Amendment on the Second Amendment Effective Date indicates that the VIN# for any particular item of ABL Equipment is “TBD” or “To Be Determined”, promptly following the determination of all such VIN#’s for all such items, Borrowers shall deliver written notice to Agent and to the Term Loan Agent providing an updated copy of such Exhibit 1.2(b) with such VIN#’s (and any other “TBD” information) completed, which shall constitute an update and amendment to such Exhibit 1.2(b) for all purposes hereunder and under the Intercreditor Agreement.