ABL Event of Default means “Event of Default” as set forth in the ABL Credit Agreement.
ABL Event of Default means any “Event of Default” as defined in the ABL Loan Agreement.
ABL Event of Default means any “Event of Default” as defined in the ABL Loan Agreement. “ABL Lenders” shall mean, collectively, Xxxxx Fargo Bank, National Association, and any other lender or group of lenders that at any time refinances, replaces or succeeds to all or any portion of the ABL Debt or is otherwise party to the ABL Documents as a lender in accordance with the terms of this Intercreditor Agreement. “ABL Loan Agreement” shall mean the Third Amended and Restated Credit Agreement, dated as of January 14, 2015, by and among the Initial Borrowers, the ABL Agent and the other ABL Secured Parties from time to time party thereto, as the same now exists or may hereafter be amended, modified, supplemented, extended, renewed, restated, refinanced, replaced or restructured in accordance with the terms of this Intercreditor Agreement (including by including an Other Borrower as a borrower thereunder). “ABL Secured Parties” shall mean, collectively, (a) the ABL Agent, (b) the ABL Lenders, (c) the issuing bank or banks of letters of credit or similar instruments under the ABL Loan Agreement, (d) each other person to whom any of the ABL Debt (including ABL Debt constituting Bank Product Obligations) is owed and (e) the successors, replacements and assigns of each of the foregoing; sometimes being referred to herein individually as an “ABL Secured Party”. “Agent” shall have the meaning set forth in Section 5.1(a). “Bank Product Obligations” shall mean Cash Management Obligations and Hedging Obligations. “Bankruptcy Code” shall mean the United States Bankruptcy Code, being Title 11 of the United States Code, as the same now exists or may from time to time hereafter be amended, modified, recodified or supplemented. “Bankruptcy Law” shall mean the Bankruptcy Code and any similar Federal, state or foreign law for the relief of debtors. “Borrowers” and “Borrower” shall have the meaning set forth in the preamble hereto. “Business Day” shall mean any day other than a Saturday, a Sunday or a day that is a legal holiday under the laws of the State of New York or on which banking institutions in the State of New York are required
Examples of ABL Event of Default in a sentence
The Collateral Agent agrees with such Grantor that the Collateral Agent shall not give any such instructions unless a Specified ABL Event of Default has occurred and is continuing.
Whenever a Specified ABL Event of Default exists, the Administrative Agent shall have the right at any time, in the name of the Administrative Agent, any designee of the Administrative Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of any Borrower by mail, telephone or otherwise.
More Definitions of ABL Event of Default
ABL Event of Default means (a) an “Event of Default” under, and as defined in, the Revolving Credit Agreement, or any replacement credit agreement in respect of the Permitted ABL Facility, or (b) a “Default” under, and as defined in, the Revolving Credit Agreement, or any replacement credit agreement in respect of the Permitted ABL Facility, in respect of (i) failure by the Borrower to deliver its financial statements as required under the terms thereof or (ii) an involuntary bankruptcy proceeding commenced in respect of the Borrower, in each case, except where such Event of Default or such Default shall have been waived pursuant to the Revolving Credit Agreement or any replacement credit agreement in respect of the Permitted ABL Facility, as the case may be, or the event, circumstance or occurrence giving rise thereto shall have been cured or remedied.
ABL Event of Default means any “Event of Default” as defined in the Liggett Credit Agreement.