ABL Obligations definition

ABL Obligations means the “Obligations” as defined in the ABL Credit Agreement.

ABL Obligations shall have the meaning provided in the Intercreditor Agreement.

ABL Obligations has the meaning assigned to such term in the ABL Intercreditor Agreement.

Examples of ABL Obligations in a sentence

• As security for the payment and per- formance in full of all the Junior Lien Obligations and ABL Obligations each Grantor hereby grants to the First Priority Collateral Agents for the benefit of the Junior Lien Secured Parties and the ABL Secured Parties a lien on and security interest in all of the right, title and interest of such Grantor, in and to and under the Pledged Notes Collateral wherever located and whether now existing or hereafter arising or acquired from time to time.

• All Liens on the ABL Facility Collateral securing any ABL Obligations shall be and remain sen- ior in all respects and prior to all Liens on the ABL Facility Collateral securing (x) any First Pri- ority Lien Obligations and (y) any Junior Lien Obligations for all purposes, whether or not such Liens securing any ABL Obligations are subordinated to any Lien securing any other obligation of the Company, any other Grantor or any other Person.

• Following the Discharge of First Priority Lien Obli- gations, until the Discharge of ABL Obligations has occurred, the Junior Lien Collateral Agent, on behalf of itself and the Junior Lien Secured Parties, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Notes Collateral without the prior written consent of the ABL Facility Agent.

• The Junior Lien Collateral Agent, on behalf of itself and the Junior Lien Secured Parties, agrees that the ABL Secured Parties and the ABL Facility Agent have no duty to the Junior Xxxx Xxxxxx- eral Agent or the Junior Lien Secured Parties in respect of the maintenance or preservation of the Notes Collateral, the ABL Obligations or otherwise.

• Except as otherwise set forth in this Agreement, the ABL Facility Agent, the ABL Secured Parties, the Junior Lien Collateral Agent and the Junior Lien Secured Parties may exercise rights and remedies as unsecured creditors against the Company or any other Grantor that has guaranteed the ABL Obligations or the Junior Lien Obligations in accordance with the terms of the ABL Documents, the Notes Documents and applicable law.

More Definitions of ABL Obligations

ABL Obligations as defined in the Base Intercreditor Agreement.

ABL Obligations means the “Obligations” as defined in the ABL Loan Agreement as in effect on the date hereof or as amended from time to time in accordance with the ABL Intercreditor Agreement.

ABL Obligations means the “ABL Obligations” as defined in the ABL Facility.

ABL Obligations means all Obligations outstanding under the ABL Loan Agreement and the other ABL Loan Documents, including any Bank Products. “ABL Obligations” shall include all interest accrued or accruing (or which would, absent commencement of an Insolvency or Liquidation Proceeding, accrue) after commencement of an Insolvency or Liquidation Proceeding in accordance with the rate specified in the relevant ABL Loan Document whether or not the claim for such interest is allowed as a claim in such Insolvency or Liquidation Proceeding.

ABL Obligations means all debts, liabilities and obligations incurred by the Borrower or any Subsidiary under the ABL Credit Documents.

ABL Obligations means Obligations under the ABL Facility.

ABL Obligations means (x) the Indebtedness and other obligations which are secured by a Lien on the Collateral permitted by clause (b) of the definition of “Permitted Lien” and (y) obligations in respect of Cash Management Services and Hedging Obligations that are secured pursuant to the security documents in connection with the Indebtedness described in clause (x) directly above.