ABL Exit Facility definition

ABL Exit Facility means the new revolving asset-based credit facility in an aggregate amount of up to $80,000,000, entered into on the Effective Date on the terms and conditions set forth in the ABL Exit Facility Documents.

ABL Exit Facility means the revolving credit facility under the ABL Exit Facility Loan Agreement.

ABL Exit Facility means the $80,000,000 credit facility to be provided to the Company Parties in accordance with the terms, and subject to the conditions, set forth in the ABL Exit Credit Agreement.

Examples of ABL Exit Facility in a sentence

• On the Plan Effective Date, the Reorganized Debtors shall enter into the ABL Exit Facility, the terms of which shall be set forth in the ABL Exit Facility Documents.

• The collateral securing the ABL Exit Facility (if any), the Takeback Debt (if any), and the New Second Lien Notes shall not include any lease of real property; provided that such collateral may include the proceeds of any sale or other disposition of any such lease; provided further that the Debtors shall not grant liens to any Person in respect of any lease of real property at any time that the ABL Exit Facility remains outstanding.

• On the Effective Date, the Reorganized Debtors shall enter into the applicable ABL Exit Facility Documents (if any), the Takeback Debt Documents (if any), and the New Second Lien Notes Documents.

• On the Effective Date, the Reorganized Debtors shall enter into the applicable ABL Exit Facility Documents.

• Each Holder of an Allowed Prepetition ABL FILO Claim shall receive its Pro Rata share of the Takeback FILO Loans; provided that, if (A) any such Holder votes to accept the Plan and elects to participate in its Pro Rata share of the ABL Exit Facility and (B) the ABL Exit Facility Trigger occurs, such Holder’s Allowed Prepetition ABL FILO Claims shall be deemed repaid and refinanced in full by such Holder’s extension and receipt of its Pro Rata share of ABL FILO Loans.

More Definitions of ABL Exit Facility

ABL Exit Facility means that certain new, asset-backed loan facility to be issued by the Reorganized Debtors on the Plan Effective Date in accordance with the ABL Exit Facility Documents.

ABL Exit Facility means the new $90 million asset-based revolving credit facility, which will have the terms set forth in the ABL Exit Facility Documents.

ABL Exit Facility means a new senior secured asset-based revolving credit facility, in an aggregate principal amount and on terms to be set forth in the ABL Exit Facility Documents.

ABL Exit Facility means a new senior secured asset-based revolving credit facility, if any, in an aggregate principal amount of up to $562,110,500.00, on terms and conditions substantially consistent with the ABL Term Sheet.

ABL Exit Facility means an asset-based revolving loan facility in an amountnot to exceed $350,000,000 on terms and conditions reasonably consistent with the Restructuring Support Agreement and otherwise reasonably acceptable to the Company and the Requisite Commitment Parties (provided, that to the extent inconsistent with the Restructuring Support Agreement or this Agreement, any economic treatment provided thereunder shall be acceptable to the Company and the Requisite Commitment Parties in their sole discretion).

ABL Exit Facility means that certain financing facility to be entered into on the Effective Date pursuant to the ABL Exit Facility Credit Agreement.

ABL Exit Facility has the meaning set forth in the Plan.