ABL Maturity Date definition

ABL Maturity Date means (1) “Maturity Date” as defined in the ABL Credit Agreement or (2) the equivalent term to “Maturity Date”, if any, under the agreements and other documents governing any refinancing of the Indebtedness under the ABL Credit Agreement, the ABL Loan Documents and the ABL Obligations which is permitted under this Agreement and under the Intercreditor Agreement.
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ABL Maturity Date. The date that is five years after the Closing Date. Availability: Subject to the limitations set forth above in the section entitled “Purpose/Use of Proceeds”, borrowings of ABL Loans may be made at any time on and after the Closing Date, and letters of credit may be issued at any time on and after the Closing Date, to but excluding the business day preceding the ABL Maturity Date. ABL Loans may be borrowed, repaid and, subject to the terms and conditions of the ABL Facility Documents (as defined below), reborrowed at any time and from time to time during the period of availability provided in the preceding sentence. The aggregate of the outstanding principal amount of the ABL Loans, swingline loans, the undrawn amount of the letters of credit and the unreimbursed amount of payments in respect of drafts under letters of credit issued under the ABL Facility may not at any time exceed the lesser of the Aggregate Commitments and the Borrowing Base (as defined below) determined as at the end of the most recently ended month.
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ABL Maturity Date shall have the meaning specified for “Maturity Date” in the Credit Agreement. “ABL Obligations” has the meaning specified for “Obligations” in the Credit Agreement. “ABL Permitted Liens” has the meaning specified for “Permitted Liens” in the Credit Agreement. “ABL Real Estate” shall mean all leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Lessee Party or any Restricted Subsidiary, as the context may require, including all easements, rights-of-way, and similar rights relating thereto and all leases, tenancies, and occupancies thereof. “Account” means an “Account” as defined in Article 9 of the UCC. “Acquired Indebtedness” means, with respect to any specified Person: (1) Indebtedness of any other Person existing at the time such other Person is merged, consolidated or amalgamated with or into or became a Restricted Subsidiary of such specified Person, and (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. Acquired Indebtedness will be deemed to have been Incurred, with respect to clause (1) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of such assets. “Actual Knowledge” shall mean, as to any matter with respect to any Person, the actual knowledge of such matter by a Responsible Officer of such Person. “Additional Costs” shall mean the amounts payable by the Lessee pursuant to Sections 7.2(a)(iii), 7.4, and 7.7 of the Participation Agreement. “Additional Refinancing Amount” means, in connection with the Incurrence of any Refinancing Indebtedness, the aggregate principal amount of additional Indebtedness, Disqualified Stock or Preferred Stock Incurred to pay accrued and unpaid interest, premiums (including tender premiums), expenses, defeasance costs and fees in respect thereof.
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Examples of ABL Maturity Date in a sentence

  • Any commitment of Bank, pursuant to the terms of this Agreement, to make ABL Loans shall expire on the ABL Maturity Date (as hereinafter defined), subject to Bank's right to renew said commitment in its sole and absolute discretion at Borrower's request.

  • Unless Borrower shall have deposited with Bank cash collateral in an amount sufficient to cover all undrawn amounts under each such Letter of Credit and Bank shall have agreed in writing, no Letter of Credit shall have an expiration date that is later than the ABL Maturity Date.

  • Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the Foreign ABL Maturity Date, on or before the thirtieth (30) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to Three quarters of one percent (3/4%) per annum in excess of the rate of interest which Bank has announced as its prime lending rate (the "Prime Rate"), which shall vary concurrently with any change in the Prime Rate,.

  • Borrower promises to pay to Bank the entire outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the ABL Loan Account on the earlier of demand by Bank upon the occurrence of an Event of Default which is not remedied within any applicable cure period or waived by Bank or August 26, 2002 ("ABL Maturity Date").

  • Borrower promises to pay to Bank the entire outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the ABL Loan Account on the earlier of demand by Bank or May 31, 2001 ("ABL Maturity Date").

  • Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the ABL Maturity Date, on or before the tenth (10) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to zero percent (0%) per annum in excess of the rate of interest which Bank has announced as its prime lending rate (the "Prime Rate'), which shall vary concurrently With any change in the Prime Rate.

  • Borrower promises to pay to Bank the entire outstanding unpaid principal balance (and all accrued unpaid interest thereon) of the ABL Loan Account on the earlier of demand by Bank or May 1, 2001 ("ABL Maturity Date").

  • Borrower further promises to pay to Bank from the date of the advance of the initial ABL Loan through the ABL Maturity Date, on or before the tenth (10th) day of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest elected by the Borrower, either at the Prime Rate, which shall vary concurrently with any change in such Prime Rate, plus the Applicable ABL Prime Rate Margin or at the LIBOR Rate plus the applicable ABL LIBOR Rate Margin.

  • Subject to the limitations set forth above in the section entitled “Purpose/Use of Proceeds”, borrowings of ABL Loans may be made at any time on and after the Closing Date, and letters of credit may be issued at any time on and after the Closing Date, to but excluding the business day preceding the ABL Maturity Date.

  • Each Co-Borrower, jointly and severally, further promises to pay to Lender from the date of the advance of the initial ABL Loan through the ABL Maturity Date, on end of each month, interest on the unpaid balance of the ABL Loan Account at a rate of interest equal to one percent (1%) per annum in excess of the prime rate of interest published by the WALL STREET JOURNAL from time to time (the "Prime Rate").


More Definitions of ABL Maturity Date

ABL Maturity Date shall have the meaning specified for “Maturity Date” in the Credit Agreement.
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ABL Maturity Date. The date that is five years after the Closing Date (the “ABL Maturity Date”).
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ABL Maturity Date means the maturity date of the ABL Loans or any Indebtedness incurred to refinance the ABL Loans. As of the Closing Date, the ABL Maturity Date is May 16, 2016.
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ABL Maturity Date means August 30, 2018.
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Related to ABL Maturity Date

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Term B Maturity Date means January 31, 2025.

  • Tranche A Maturity Date means November 8, 2008, or, if such day is not a Business Day, the next preceding Business Day.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Revolving Maturity Date means April 22, 2024 (or, with respect to any Revolving Lender that has extended its Revolving Commitment pursuant to a Permitted Amendment, the extended maturity date, set forth in any such Loan Modification Agreement).

  • Initial Maturity Date means the earlier of (i) February 1, 2020 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Legal Maturity Date means July 15, 2024.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Term Loan A Maturity Date means July 29, 2025.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Class C Maturity Date is defined in the Indenture.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Class A-1 Maturity Date means [ ] (or, if such day is not a Business Day, the next preceding Business Day).

  • Latest Maturity Date means, at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including the latest maturity or expiration date of any Other Term Loan, any Other Term Commitment, any Other Revolving Loan or any Other Revolving Commitment, in each case as extended in accordance with this Agreement from time to time.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Revolving Credit Maturity Date.