ABL Facility Loans definition

ABL Facility Loans the loans borrowed under the Senior ABL Facility.

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ABL Facility Loans means the loans borrowed under the ABL Facility.

ABL Facility Loans means the “Loans” under the ABL Facility Credit Agreement.

Examples of ABL Facility Loans in a sentence

Each repayment of a Borrowing in the case of the ABL Facility shall be applied to the ABL Facility Loans included in the repaid Borrowing such that each ABL Facility Lender receives its ratable share of such repayment (based upon the respective ABL Facility Credit Exposures of the ABL Facility Lenders at the time of such repayment).
Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow ABL Facility Loans.
Use the proceeds of the ABL Facility Loans and request issuance of Letters of Credit solely for general corporate purposes.
The Borrower will use the proceeds of the ABL Facility Loans, and may request the issuance of Letters of Credit, for general corporate purposes (including, without limitation, for Permitted Business Acquisitions).
The Borrowers will use the proceeds of the ABL Facility Loans, and may request the issuance of Letters of Credit, for general corporate purposes and any other purposes not prohibited by the terms of the Loan Documents.
Amend, modify or change in any manner any term or condition of the ABL Facility Loans and ABL Facility Documents other than such amendments, modifications or other changes as are permitted under the Intercreditor Agreement.
Each Loan shall be made as part of a Borrowing consisting of Loans under the same Facility and of the same Type made by the Lenders ratably in accordance with their respective Commitments under the applicable Facility; provided, however, that ABL Facility Loans shall be made by the ABL Facility Lenders ratably in accordance with their respective ABL Facility Percentages on the date such Loans are made hereunder.
No Loan Party shall, or will permit any of its respective Subsidiaries to, create or incur any Indebtedness which is senior in right of payment to the Loan and the other Obligations (other than the ABL Facility Loans on the terms set forth in the Intercreditor Agreement).

More Definitions of ABL Facility Loans

ABL Facility Loans. Indebtedness issued pursuant to the ABL Facility.

ABL Facility Loans as defined in the Recitals, and as the same may be amended, supplemented, waived, otherwise modified, extended, renewed, refinanced or replaced from time to time.

ABL Facility Loans means the revolving loans and swingline loans from time to time outstanding under any ABL Facility.

ABL Facility Loans the loans borrowed under the Senior ABL Facility. “ABL Priority Collateral”: as defined in the Base Intercreditor Agreement whether or not the same remains in full force and effect. 2 “ABR Loans”: Loans to which the rate of interest applicable is based upon the Alternate Base Rate. “ABR Term SOFR Determination Day”: as defined in clause (b) of the definition of “Term SOFR Rate”. “Acceptable Discount”: as defined in Subsection 4.4(l)(iv)(2). “Acceptable Prepayment Amount”: as defined in Subsection 4.4(l)(iv)(3). “Acceptance and Prepayment Notice”: a written notice from the Borrower setting forth the Acceptable Discount pursuant to Subsection 4.4(l)(iv)(2) substantially in the form of Exhibit N hereto. “Acceptance Date”: as defined in Subsection 4.4(l)(iv)(2). “Acknowledging Party”: as defined in Subsection 11.21. “Acquired Indebtedness”: Indebtedness of a Person (i) existing at the time such Person becomes a Subsidiary or (ii) assumed in connection with the acquisition of assets from such Person, in each case other than Indebtedness Incurred in connection with, or in contemplation of, such Person becoming a Subsidiary or such acquisition of assets. Acquired Indebtedness shall be deemed to be Incurred on the date of the related acquisition of assets from any Person or the date the acquired Person becomes a Subsidiary. “Acquisition Coverage Ratio Tested Committed Amount”: as defined in Subsection 8.1(b)(xi). “Acquisition Indebtedness”: Indebtedness of (i) the Borrower or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Borrower or any Restricted Subsidiary, or (ii) any Person that is acquired by or merged or consolidated with or into the Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger or consolidation). “Acquisition Leverage Ratio Tested Committed Amount”: as defined in Subsection 8.1(b)(xi). “Additional Agent”: as defined in the Base Intercreditor Agreement, any Junior Lien Intercreditor Agreement or any Other Intercreditor Agreement, as applicable. “Additional Assets”: (i) any property or assets that replace the property or assets that are the subject of an Asset Disposition; (ii) any property or assets (other than Indebtedness and Capital Stock) used or to be used by the Borrower or a Restricted...

ABL Facility Loans means the loans borrowed under the ABL Facility. “ABL Obligations” shall have the meaning assigned to the term “Obligations” (as in effect on the date hereof and as amended or modified) in the ABL Facility (as in effect on the date hereof and as amended or modified). “ABL Priority Collateral” shall have the meaning given to such term in the ABL/Term Loan Intercreditor Agreement (as in effect on the date hereof and as amended or modified), in accordance with the terms thereof. “ABL/Term Loan Intercreditor Agreement” shall mean the Intercreditor Agreement, dated as of the date hereof, between the Collateral Agent, the Second Lien Collateral Agent and the ABL Agent, and acknowledged by certain of the Loan Parties, as the same may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms hereof and thereof. “Acceptable Auditor” shall have the meaning set forth in Section 7.01(a). “Acceptable Price” shall have the meaning set forth in the definition of “Dutch Auction.” “Acquisition” means any consensual transaction or series of related transactions, whether, by purchase, merger, consolidation, contribution or otherwise, for the direct or indirect (a) acquisition of all or substantially all of the property of any person, or all or substantially all of any business, product line, unit or division of any person, (b) acquisition of in excess of 50% of the Capital Stock of any person, and #4848-1207-1386 2

ABL Facility Loans means the loans made pursuant to, and revolving commitments under, the ABL Credit Agreement.