ABL Indebtedness definition

ABL Indebtedness means the Indebtedness of the Borrower and the other borrowers party to the ABL Credit Agreement under the ABL Loan Documents and subject to the Intercreditor Agreement.

ABL Indebtedness means any (1) Indebtedness outstanding from time to time under any ABL Credit Agreement, (2) all Obligations with respect to such Indebtedness and any Swap Contracts Incurred with any ABL Lender (or its Affiliates) and secured by the ABL Collateral (as defined in the ABL Credit Agreement) and (3) all Cash Management Services (as defined in the ABL Credit Agreement) Incurred with any ABL Lender (or its Affiliates) and secured by the ABL Collateral.

ABL Indebtedness means the “Obligations” under and as defined in the ABL Credit Agreement, together with any other Indebtedness owing by any Loan Party to the ABL Agent or any lender or secured party under any ABL Loan Document from time to time in accordance with the ABL Intercreditor Agreement.

Examples of ABL Indebtedness in a sentence

• Not permit any Credit Party or any of their Subsidiaries to purchase or hold any of the ABL Indebtedness.

• If the ABL Agent or any holder of the ABL Indebtedness receives any additional guaranty, letter of credit, collateral or any other credit enhancement after the Closing Date from any Credit Party or any of its Subsidiaries, each Credit Party shall, and shall cause each of its Subsidiaries to, cause the same to be granted to Collateral Agent, for the benefit of the Secured Parties, subject to the terms of the Intercreditor Agreement.

• No Loan Party shall, directly or indirectly, voluntarily purchase, redeem, defease or prepay any principal of, premium, if any, interest or other amount payable in respect of any Indebtedness prior to its scheduled maturity, other than (a) the Obligations, (b) Indebtedness secured by a Permitted Lien if the asset securing such Indebtedness has been sold or otherwise disposed of in accordance with Section 6.9, and (c) the ABL Indebtedness.

• Company and its Subsidiaries, taken as a whole, are and, upon the incurrence of any Credit Extension and ABL Indebtedness by Company and its Subsidiaries on any date on which this representation and warranty is made, will be, Solvent.

• Permit Holdings or any Subsidiary of Holdings, any Loan Party or any Subsidiary of any Loan Party, or any Affiliate of any of the foregoing Persons, to acquire any ABL Indebtedness, in each case except to the extent that such ABL Indebtedness is immediately cancelled and discharged.

More Definitions of ABL Indebtedness

ABL Indebtedness means Indebtedness under the ABL Documents.

ABL Indebtedness means any (a) Indebtedness outstanding from time to time under the ABL Facility and (b) any obligations owing by any Loan Party under any Swap Contract to the ABL Administrative Agent (or any of its Affiliates) or any ABL Lender (or any of its Affiliates) and secured by the ABL Priority Collateral and (c) any facilities or services provided under a Cash Management Agreement incurred with the ABL Administrative Agent (or any of its Affiliates) or any ABL Lender (or any of its Affiliates) and secured by the ABL Priority Collateral.

ABL Indebtedness means (a) Indebtedness (including letters of credit and reimbursement obligations with respect thereto) and other obligations Incurred by the ABL Loan Parties under or in respect of the ABL Facility and/or (b) Guarantees by any Subsidiary in respect of any of the obligations described in the foregoing clause (a).

ABL Indebtedness. Indebtedness incurred from time to time under the ABL Facility.

ABL Indebtedness means, collectively, the “Obligations” as defined in the ABL Credit Agreement not to exceed the amount of any such Indebtedness permitted pursuant to Section 6.1(k).

ABL Indebtedness the Indebtedness under the ABL Facility.

ABL Indebtedness means the Indebtedness of the Borrower and its Subsidiaries owing to the ABL Collateral Agent and the ABL Secured Parties under the ABL Loan Documents in a maximum principal amount not in excess of the amount permitted in Section 6.01(t).