ABL Hedging Obligations means Hedging Obligations (other than any First Lien Term Loan Hedging Obligations) that are secured under the ABL Loan Documents.

ABL Hedging Obligations means (i) the full and prompt payment when due (whether at the stated maturity, by acceleration or otherwise) of all obligations (including obligations which, but for the automatic stay under Section 362(a) of the Bankruptcy Code, would become due) and liabilities (including, without limitation, indemnities, fees and interest thereon and including the payment of interest and other amounts that would accrue and become due but for the commencement of any Insolvency or Liquidation Proceeding at the rate provided for in the respective documentation, whether or not a claim for post-petition interest is allowed in any such Insolvency or Liquidation Proceeding) of each Grantor owing to the ABL Hedge Providers, now existing or hereafter incurred under, arising out of or in connection with each ABL Hedge Agreement (including all such obligations and indebtedness under any guarantee to which each Grantor is a party) and (ii) the due performance and compliance by each Grantor with the terms, conditions and agreements of each ABL Hedge Agreement.

ABL Hedging Obligations means, with respect to any specified Person, the obligations of such Person under any ABL Hedge Agreement.

Examples of ABL Hedging Obligations in a sentence

Bank Product Obligations and ABL Hedging Obligations shall not be subject to the ABL Cap and shall be disregarded in determining whether ABL Debt is Excess ABL Debt or ABL Priority Debt.
It is acknowledged and agreed by the parties hereto that the Secured Obligations will be, pursuant to the ABL Intercreditor Agreement, secured on an equal and ratable basis with the ABL Hedging Obligations (as such term or its functional equivalent may be defined in the ABL Intercreditor Agreement), if any.
The parties hereto acknowledge and agree that any Hedging Obligations may constitute either ABL Hedging Obligations or First Lien Term Loan Hedging Obligations, but not both.
It is acknowledged and agreed by the parties hereto that the Secured Obligations will be, pursuant to the proviso to Section 4(a) of the ABL Intercreditor Agreement, secured on an equal and ratable basis with the ABL Hedging Obligations (as defined in the ABL Intercreditor Agreement).
The obligations of the ABL Borrowers and the ABL Guarantors under the ABL Documents, the ABL Hedging Obligations and the Bank Product Obligations are to be secured (i) on a first priority basis WEIL:\96331350\2\35899.0561 by Liens on the ABL Priority Collateral and (ii) on a second priority basis by Liens on the Term Priority Collateral.

More Definitions of ABL Hedging Obligations

ABL Hedging Obligations means the “ABL Hedging Obligations” (as defined in the ABL Intercreditor Agreement).

ABL Hedging Obligations means all Hedging Obligations (as defined in the Indenture) of the Company or any of its Subsidiaries or Cash Management Obligations (as defined in the Indenture) of the Company or any of its Subsidiaries in each case owing to an ABL Lender or an Affiliate of an ABL Lender at the time of entry into such Hedging Obligations or Cash Management Obligations.

ABL Hedging Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.

ABL Hedging Obligations means any Hedging Obligations that are (i) owed to a Person that is a lender or agent under the ABL Credit Agreement or an affiliate of such a lender or agent at the time of entry into such Hedging Obligations (or, in the case of any Hedging Obligations that are entered into on June 15, 2010, owed to a Person that becomes a lender or agent under the ABL Credit Agreement on June 16, 2010 or is an affiliate of such a lender or agent) and (ii) secured by any Common Collateral pursuant to the ABL Security Documents.

ABL Hedging Obligations means any obligations arising under a “Swap Contract” (or similar term) (as defined in the ABL Credit Agreement) that are owed to an ABL Hedge Provider. “ABL Lenders” means, as of any date of determination, the holders of the ABL Debt at that time, including the Initial ABL Lenders. “ABL Mortgages” means each Mortgage under which any Lien on Real Property or Fixtures owned or leased by any Grantor is granted to secure any ABL Debt or under which rights or remedies with respect to any such Liens are governed.

ABL Hedging Obligations means obligations with respect to any Bank Products (as defined in the ABL Credit Agreement) that are secured under the ABL Security Documents.

ABL Hedging Obligations means all Hedging Obligations of the Borrower or any of its Subsidiaries or Cash Management Obligations of the Borrower or any of its Subsidiaries in each case owing to an ABL Lender or an Affiliate of an ABL Lender at the time of entry into such Hedging Obligations or Cash Management Obligations.