ABL Facility Secured Parties definition
Examples of ABL Facility Secured Parties in a sentence
The ABL Facility Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under their respective ABL Facility Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.
The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the ABL Facility Secured Parties and the First-Lien Secured Parties in relation to one another.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other ABL Facility Secured Parties and the other First-Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement.
This Agreement and the rights and benefits hereof shall inure to the benefit of the Term Loan Secured Parties and the ABL Facility Secured Parties and each of their respective successors and assigns.
The undersigned hereby agrees, for the enforceable benefit of all existing and future ABL Facility Secured Parties and all existing and future Term Loan Secured Parties that the undersigned is [(and the [ABL Facility Secured Parties][Term Loan Secured Parties][Additional Term Priority Obligations Secured Parties] represented by it are)]4 bound by the terms, conditions and provisions of the Intercreditor Agreement to the extent set forth therein.