ABL FILO Loans definition

ABL FILO Loans means the loans and financial accommodations made on or about August 4, 2006 to Master Lessee by ▇▇▇▇▇ Fargo Bank, National Association successor by merger to Wachovia Bank, National Association, successor by merger to Congress Financial Corporation, as administrative and collateral agent for the Second Lien Lenders and for the Bank Product Providers (as defined below), as holder of the second lien position against the assets of Master Lessee, together with various financial institutions, ▇▇▇▇▇ Fargo Capital Finance, LLC, and Bank of America, N.A., as joint lead arrangers for the credit facility, Regions Bank, as sole syndication agent for the credit facility, Bank of America, N.A., ▇▇▇▇▇ Fargo Capital Finance, LLC, and JPMorgan Chase Bank, N.A., as documentation agents, Master Lessee, BlueLinx Services Inc., a Georgia corporation, and BlueLinx Florida LP, a Florida limited partnership, BlueLinx Florida Holding No. 1 Inc., a Georgia corporation and BlueLinx Florida Holding No. 2 Inc., a Georgia corporation, pursuant an Amended and Restated Loan and Security Agreement.
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ABL FILO Loans has the meaning ascribed to it in the ABL Term Sheet. “ABL Revolver Claims” means any Claims on account of, arising under, derived from, or based upon the revolving credit facility under the ABL Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, guarantees, and other charges arising thereunder or related thereto. “ABL Revolving Credit Loans” has the meaning ascribed to it in the ABL Term Sheet. “New ABL Loans” means the loans incurred under a new senior secured asset-based term loan facility on terms and conditions substantially consistent with the ABL Term Sheet. “New FILO Loans” means the loans incurred under a new senior secured first-in, last-out term loan facility on terms and conditions substantially consistent with the ABL Term Sheet. “Prepetition ABL Facility” means, collectively, the prepetition asset-based revolving credit and first-in, last-out facilities provided for under the ABL Credit Agreement.
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Examples of ABL FILO Loans in a sentence

  • The Borrowers may voluntarily prepay ABL FILO Loans (together with accrued but unpaid interest thereon) in whole or in part at any time and from time to time (subject to minimum thresholds to be agreed) without premium or penalty (except LIBOR breakage costs).

  • Same as the Existing ABL Facility (it being understood that prior to any mandatory prepayment of ABL FILO Loans (excluding, for avoidance of doubt, scheduled amortization prior to final maturity), all Best Efforts ABL Revolving Loans shall be prepaid in full and all letters of credit under the Best Efforts ABL Revolving Facility shall be cash collateralized).

  • Cash Dominion: Same as the Existing ABL Facility (it being understood that no amounts shall be required to be deposited with the ABL FILO Administrative Agent except to the extent required to be applied to prepay ABL FILO Loans as provided above).

  • Same as the Existing ABL Facility (it being understood that in connection with any mandatory prepayment (excluding, for avoidance of doubt, scheduled amortization prior to final maturity), the Borrowers shall be first required to prepay loans and/or cash collateralize letters of credit under the Existing ABL Facility or Best Efforts ABL Facility, as applicable, in full and then to prepay ABL FILO Loans).

  • Voluntary prepayments of principal will be applied to LIBOR borrowings and/or Base Rate borrowings constituting the ABL FILO Loans in the manner designated by the Borrowers, ratably among the ABL FILO Lenders.

  • Treatment of ABL FILO Claims: Each Holder of an ABL FILO Claim shall receive its pro rata share of the New 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 shall be deemed repaid and refinanced by such holder’s extension and receipt of its pro rata share of ABL FILO Loans.

  • Commencing at the end of the first full calendar quarter ending after the calendar quarter that includes the Closing Date, the ABL FILO Loans will amortize in equal quarterly principal installments in an annual amount equal to 1.0% of the original principal amount of the ABL FILO Loans, with the remaining balance payable in full on the ABL FILO Maturity Date.

Related to ABL FILO Loans

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • ABL Facility means the asset-based revolving credit facility made available to the Borrower and certain of its Subsidiaries pursuant to the ABL Credit Agreement.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • ABL Facility Documents means the agreements and other instruments governing the ABL Facility, together with any guarantees thereof and any security documents, other collateral documents and other instruments relating thereto (including documents and instruments governing Hedging Obligations required by the ABL Facility or relating to ABL Obligations).