Examples of ABL Redemption Fee in a sentence
If there is ARTICLE IV, NET AMOUNT AT RISK (Continued) no recent 7-Year U.S. Treasury Security posted, then the linear interpolation of the 5-Year and 10-Year U.
The Prepetition Secured Parties would not consent to the use of their Cash Collateral or the subordination of their liens to the DIP Liens, and the DIP Secured Parties would not be willing to provide the DIP Financing or extend credit and other financial accommodations to the DIP Loan Parties thereunder, without the ABL Refinancing with the DIP Facility and the conversion of the ABL Redemption Fee into the DIP Redemption Fee, as set forth herein.
For so long as this Agreement remains in effect and has not been terminated, the parties agree that the ABL Redemption Fee shall receive the treatment set forth in the DIP Orders and the Plan.
The ABL Claims shall be deemed Allowed in the aggregate principal amount of $50 million, plus (i) reimbursement obligations, fees (including the ABL Redemption Fee), indemnities, costs, expenses, and other amounts, liabilities and obligations, and(ii) accrued and unpaid interest, including postpetition interest, at the contract rate through the Effective Date.
As a result of the filing of these Chapter 11 Cases, the ABL Redemption Fee (which, for the avoidance of doubt, constitutes Prepetition ABL Debt and, upon conversion into the DIP Redemption Fee as set forth herein, shall constitute DIP Obligations) is fully earned and due and payable in the amount of $3,000,000 as of the Petition Date.
Upon the filing of the Chapter 11 Cases, the ABL Redemption Fee will be earned, due and payable in the amount of $3.0 million.
As a result of the filing of these Chapter 11 Cases, the ABL Redemption Fee (which, for the avoidance of doubt, constituted Prepetition ABL Debt and, as a result of the conversion into the DIP Redemption Fee as set forth in the Interim Order, constitutes a DIP Obligation) is fully earned and due and payable in the amount of $3,000,000 as of the Petition Date.