ABL Facility Obligations means (a) the due and punctual payment of (i) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the loans under the ABL Facility Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Issuer under the ABL Facility Agreement in respect of any letter of credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of the Issuer to any of the ABL Facility Secured Parties under the ABL Facility Agreement, the ABL Facility Collateral Documents and each of the other loan documents in respect thereof, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of the Issuer under or pursuant to the ABL Facility Agreement, the ABL Facility Collateral Documents and each of the other loan documents in respect thereof and (c) the due and punctual payment and performance of all the obligations of Holdings and each other Subsidiary of Holdings under or pursuant to the ABL Facility Collateral Documents and each of the other loan documents in respect of the ABL Facility Agreement.
ABL Facility Obligations means all ABL Obligations under the ABL Facility.
ABL Facility Obligations means all obligations of every nature of the Company and each Subsidiary of the Company from time to time owed to the ABL Agent, the lenders under the ABL Credit Agreement or any of them, any ABL Bank Products Affiliates, any ABL Open Accounts Affiliates or any ABL Hedging Affiliates, under any ABL Facility Document, including, without limitation, all “Obligations” as defined in the ABL Facility Collateral Agreements, whether for principal, interest, fees, expenses (including interest, fees, and expenses which, but for the filing of a petition in bankruptcy with respect to the Company or any Subsidiary of the Company, would have accrued on any ABL Facility Obligation, whether or not a claim is allowed against the Company or any such Subsidiary for such interest, fees, or expenses in the related bankruptcy proceeding), reimbursement of amounts drawn under letters of credit, payments for early termination of Hedging Agreements, indemnification or otherwise, and all other amounts owing or due under the terms of the ABL Facility Documents, as amended, restated modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.
Examples of ABL Facility Obligations in a sentence
This authorization is coupled with an interest and is irrevocable until the Discharge of ABL Facility Obligations.
Nothing in this Agreement is intended to or shall impair the obligations of the Grantors, which are absolute and unconditional, to pay the Term Loan Obligations and the ABL Facility Obligations as and when the same shall become due and payable in accordance with their respective terms.
The priority and subordination provisions set forth in clauses (A) through (D) above with respect to Liens on Collateral securing all or any portion of the ABL Facility Obligations or the Term Loan Obligations are intended to be effective whether or not such Liens are subordinated to any Lien securing any other obligation of the Borrower, any other Grantor or any other Person.
The parties hereto agree that it is their intention that the Collateral securing each of the ABL Facility Obligations and the Term Loan Obligations be the same (and perfected to the same extent).
The parties hereto acknowledge and agree that it is their intent that each of the ABL Facility Obligations (and the security therefor) and the Term Loan Obligations (and the security therefor) constitute a separate and distinct class of obligations (and separate and distinct claims) from each other.
More Definitions of ABL Facility Obligations
ABL Facility Obligations means all (a) obligations (including guaranty obligations) of every nature of each Grantor from time to time owed to the ABL Facility Secured Parties or any of them, under any ABL Facility Document, including all “Secured Obligations” or similar term as defined in the ABL Facility Credit Agreement and whether for principal, premium, interest (including interest which, but for the filing of a petition in bankruptcy with respect to Holdings or any of its Subsidiaries, would have accrued on any ABL Facility Obligation, at the rate provided in the respective documentation, whether or not a claim is allowed against such Person for such interest in the related bankruptcy proceeding), reimbursement of amounts drawn under (and obligations to cash collateralize) letters of credit, fees, expenses, indemnification or otherwise, (b) ABL Facility Cash Management Obligations and (c) ABL Facility Hedging Obligations (excluding all Excluded Swap Obligations (as defined in the ABL Facility Credit Agreement).
ABL Facility Obligations the “Obligations” as defined in the Senior ABL Facility Agreement.
ABL Facility Obligations means all “Obligations” as defined in the ABL Credit Agreement. For the avoidance of doubt, Obligations with respect to the First Lien Credit Agreement and the other First Lien Documents shall not constitute ABL Facility Obligations.
ABL Facility Obligations means the “Revolving Facility Obligations” as defined in the Intercreditor Agreement.
ABL Facility Obligations as such term is defined in, and for purposes of, the New Senior Secured Note Indenture, (ii) “Priority Lien Obligations” as such term is defined in, and for purposes of, the Existing Senior Secured Note Indenture and (iii) “Senior Debt” as such term is defined in, and for purposes of, the Existing Subordinated Note Indenture;
ABL Facility Obligations means all “Secured Obligations” (as such term is defined in the ABL Facility Credit Documents) of the Company and the other Pledgors outstanding under, and all other obligations in respect of, any ABL Facility Documents, to pay principal, premium (if any), interest (including interest, fees, costs, charges and other amounts accruing after the commencement of any Insolvency or Liquidation Proceeding, regardless of whether or not allowed or allowable in such proceeding), penalties, fees, indemnifications, reimbursements (including reimbursement obligations with respect to any letters of credit and bankers’ acceptance), damages and other liabilities payable under or in connection with the ABL Facility Documents.
ABL Facility Obligations means the ABL Facility Priority Lien Debt and all other Obligations of the Company or any Guarantor under the ABL Facility Priority Lien Documents.