ABL Facility Claim definition

ABL Facility Claim means any Claim arising under, derived from, or based upon the ABL Facility Documents that has not been repaid on a final and indefeasible basis as of the Effective Date.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

ABL Facility Claim means any Claim arising under, derived from, secured by, based on, or related to the ABL Loans and the guarantees in respect thereof under the ABL Credit Agreement or any other ABL Document.

ABL Facility Claim means any Claim derived from or based upon the ABL Facility.

Examples of ABL Facility Claim in a sentence

If those certain conversion conditions set forth in the DIP ABL Agreement remain unsatisfied as of the Plan Effective Date, on the Plan Effective Date, each holder of an allowed DIP ABL Facility Claim shall receive, unless such holder agrees to less favorable treatment, cash in an amount equal to its allowed DIP ABL Facility Claim in full and final satisfaction, release, and discharge of, and in exchange for, such allowed DIP ABL Facility Claim.
On the Effective Date, each holder of an allowed DIP ABL Facility Claim shall receive payment in full in cash or, if agreed to by the lenders under the DIP ABL Facility, the Debtors, and Oaktree, loans under the Exit ABL Facility in a face amount equal to the amount of such allowed DIP ABL Facility Claim.
Claim Any secured Claim, other than (a) an ABL Claim, (b) a DIP ABL Facility Claim, (c) a Term Loan Claim, or (d) a DIP Term Facility Claim.
DIP ABL Facility Claim Any Claim derived from, based upon, or secured pursuant to the DIP ABL Agreement, including claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto, in each case, with respect to the DIP ABL Facility.
Except to the extent that a holder of an Allowed DIP ABL Facility Claim agrees to less favorable treatment, in full and final satisfaction, settlement, release, and discharge of each Allowed DIP ABL Facility Claim, on the Effective Date, each Holder of an Allowed DIP ABL Facility Claim shall be Paid in Full.
Employees may also be asked to participate in an exit conference with the person who will be filling the position (or supervisor if position is not filled prior to June 30).
On the Plan Effective Date, each holder of an allowed Claim under the ABL Credit Agreement (collectively, the “ABL Facility Claims”) shall either receive payment in full, in cash, of the unpaid portion of its allowed ABL Facility Claim or shall roll its ABL Facility Claims into the New ABL Facility.
Each holder of an allowed ABL Facility Claim shall be conclusively deemed to have accepted the Plan pursuant to section 1126(f) of the Bankruptcy Code.
Therefore, each holder of an allowed ABL Facility Claim will not be entitled to vote to accept or reject the Plan.

More Definitions of ABL Facility Claim

ABL Facility Claim means any Claim arising under, derived from, or based upon the ABL Facility Documents that is not rolled-up into the DIP ABL Facility.

ABL Facility Claim means any Claim derived from or based upon the ABL Facility, if any.

ABL Facility Claim means any Claim arising under, derived from, secured by, based on, or

ABL Facility Claim means any Claim arising or existing under or related to the ABL Credit

ABL Facility Claim means any Claim arising under, derived from, or based upon the

ABL Facility Claim means any Claim arising on account of the “Obligations,” as defined in the ABL Credit Agreement.