ABL Revolving Credit Facility definition

ABL Revolving Credit Facility means the revolving credit facility contained in the ABL Credit and Guaranty Agreement to be entered into on or prior to the Effective Date, among the Issuer, the Guarantors, the lenders party thereto and Xxxxxxx Xxxxx Bank USA, as administrative agent and collateral agent thereunder and any other facility or financing arrangement that Refinances, in whole or in part, any such revolving credit facility.
Sample 1
ABL Revolving Credit Facility means the revolving credit facility contained in the ABL Credit and Guaranty Agreement, dated as of April 30, 2014 (as amended, supplemented, or otherwise modified from time to time), among the Issuer, the guarantors party thereto, the lenders party thereto and Goldman Sachs Bank USA, as administrative agent and collateral agent thereunder (the “ABL Credit and Guaranty Agreement”) and any other facility or financing arrangement that renews, refunds, refinances or replaces, in whole or in part, any such revolving credit facility.
Sample 1
ABL Revolving Credit Facility means the revolving credit facility contained in the ABL Credit and Guaranty Agreement to be entered into on or prior to the Effective Date, among the Issuer, the Guarantors, the lenders party thereto and Goldman Sachs Bank USA, as administrative agent and collateral agent thereunder and any other facility or financing arrangement that Refinances, in whole or in part, any such revolving credit facility.
Sample 1

Examples of ABL Revolving Credit Facility in a sentence

  • The 2026 Notes and the related guarantees are secured on a second-priority basis, subject to certain exceptions and permitted liens, by pledges of capital stock and other equity interests and other security interests in substantially all of the personal property and fee-owned real property of the Company and of the guarantors that secure obligations under the ABL Revolving Credit Facility.

  • The liens securing the ABL Revolving Credit Facility are senior in priority to the second-priority liens securing the obligations under the 2026 Notes and the related guarantees.

  • The time line of the construction contracts had been extended andcontracts are progressed slowly.However, Present value is correct.

  • The ABL Revolving Credit Facility has customary representations and warranties including, as a condition to borrowing, that all such representations and warranties are true and correct, in all material respects, on the date of the borrowing, including representations as to no material adverse change in the Company’s business or financial condition since December 31, 2018.

  • Both the ABL Revolving Credit Facility and the 2026 Notes also include customary events of default.

  • The borrowing capacity under the ABL Revolving Credit Facility is based on the value of inventory, accounts receivable and fixed assets of the Loan Parties.

  • In order to obtain approval of their doctorate, the degree must first be conferred, and then the Registrant must arrange to have an official transcript sent from the university to the Board along with submitting a request to the Board to obtain approval of the doctorate.

  • Additionally, the ABL Revolving Credit Facility contains a covenant requiring the Company to maintain a minimum fixed charge coverage ratio under certain circumstances set forth in the ABL Credit Agreement.

  • The 2026 Notes are fully and unconditionally guaranteed on a senior secured second lien basis, jointly and severally, by each of the Company’s existing and future domestic subsidiaries that is either a guarantor or a borrower under the ABL Revolving Credit Facility (as defined below) or that guarantees certain other debt of the Company or a guarantor.

  • At October 29, 2022, $443.9 million was available under the ABL Revolving Credit Facility, which is net of $56.1 million of outstanding letters of credit issued in the normal course of business and no borrowing base reduction for a shortfall in qualifying assets.


More Definitions of ABL Revolving Credit Facility

ABL Revolving Credit Facility means (a) the credit facility provided under the Original ABL Revolving Credit Agreement (the “Original ABL Revolving Credit Facility”) and (b) whether or not the facility referred to in clause (a) remains outstanding, if designated by the Borrower to be included in the definition of “ABL Revolving Credit Facility”, each credit facility or other indebtedness provided under any indenture, credit agreement or other governing agreement with respect to any Additional ABL Revolving Credit Debt.
Sample 1
ABL Revolving Credit Facility means one or more revolving credit facilities entered in- to by the Company and/or any of the Guarantors after the Issue Date, providing for revolving credit loans, letters of credit and other extensions of credit based on a borrowing base formula, and as it may be amended, restated, amended and restated, supplemented or modified from time to time and any renewal, increase, extension, refunding, restructuring, replacement, refinancing or refinancing through securitiza- tion thereof (whether with the original agent and lenders or another agent or agents or one or more other lenders and whether provided under the original ABL Revolving Credit Facility or one or more other credit or other agreements or indentures); provided that an ABL Revolving Credit Facility can not include any debt facility providing for the issuance of term loans, bonds or any other type of debt other than re- volving credit loans, Hedging Obligations or letters of credit.
Sample 1

Related to ABL Revolving Credit Facility

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Existing Revolving Credit Agreement means that certain Revolving Credit Agreement, dated as of August 29, 2018, among the Borrower, the other borrowers party thereto, the lenders and letter of credit issuers from time to time party thereto and Xxxxx Fargo Bank, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time).

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.