ABL Revolving Loan definition

ABL Revolving Loan means the revolving credit facility under the Fifth Amended and Restated Credit Agreement dated as of August 9, 2021 (as amended), among the Company, certain Subsidiaries of the Company, Cobank, ACB, as administrative agent and collateral agent, and the other lenders party thereto, as the same may be amended, restated, renewed, refunded, replaced, refinanced, supplemented or otherwise modified from time to time, including any such replacement, refunding or refinancing facility or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders.

ABL Revolving Loan means the revolving credit facility under the Fifth Amended and Restated Credit Agreement dated as of August 9, 2021 (as amended), among the Company, certain Subsidiaries of the Company, Cobank, ACB, as administrative agent and collateral agent, and the other lenders party thereto, as the same may be amended, restated, renewed, refunded, replaced, refinanced, supplemented or otherwise modified from time to time, including any such replacement, refunding or refinancing facility or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders. “Acquired Debt” of any Person, means Debt of such Person or any of its Restricted Subsidiaries existing at the time that Person becomes a Restricted Subsidiary of the Company, or at the time it merges or consolidates with the Company, or any of its Restricted Subsidiaries or assumed in connection with the acquisition of assets from that Person. “Additional Assets” means: (1) any inventory, property, plant or equipment or other long-term tangible assets or intellectual property used or useful in a Related Business;

ABL Revolving Loan means the “Loans” as defined in the ABL Credit Agreement.

Examples of ABL Revolving Loan in a sentence

• At any time that the conditions precedent set forth in Section 4.02 have been satisfied or waived, the Administrative Agent may request the ABL Revolving Lenders to make an ABL Revolving Loan to repay a Protective Advance.

• TTM has available a $150,000 U.S. ABL Revolving Loan and a $150,000 Asia Revolving Loan, of which TTM drew $80,000 of the U.S. ABL Revolving Loan.

• At any time that there is sufficient Revolving Availability and the conditions precedent set forth in Section 4.02 have been satisfied, the ABL Administrative Agent may request the Revolving Lenders to make an ABL Revolving Loan to repay a Protective Advance.

• Reflects incremental interest expense as follows: (in thousands) For the year ended December 29, 2014 For the three months ended March 30, 2015 Contractual cash interest represents estimated interest for the Term Loan and the $80,000 U.S. ABL Revolving Loan at weighted average rates of 6.0% and 2.0%, respectively.

• Unused commitment fees are estimated using 3/8th percentage point on the unused portion of both the U.S. ABL Revolving Loan and the Asia ABL Revolving Loan.

• Reflects the receipt of borrowings from a $950,000 Term Loan and an $80,000 U.S. ABL Revolving Loan.

• At the option of the Company, until August 31, 2014, the interest rates under the New ABL Revolving Loan are (i) LIBOR or CDOR, as applicable, plus 1.75% per annum or (ii) the U.S. base rate or Canadian prime rate, as applicable, plus 0.75% per annum.

• The incremental debt issuance costs are comprised of the estimated debt issuance costs for the Term Loans and ABL Revolving Loan facilities, less historical debt issuance costs of $12,356 for Viasystems and $924 for TTM.

• The New ABL Revolving Loan includes a $25,000 letter of credit facility and a $20,000 swing loan facility.

• TTM does not currently expect to draw on the Asia ABL Revolving Loan.

More Definitions of ABL Revolving Loan

ABL Revolving Loan means the “Loans” as defined in the ABL Credit Agreement in an aggregate principal amount of up to $60,000,000.

ABL Revolving Loan means the revolving credit facility under the Fifth Amended and Restated Credit Agreement dated as of August 9, 2021 (as amended), among the Company, certain Subsidiaries of the Company, Cobank, ACB, as administrative agent and collateral agent, and the other lenders party thereto, as the same may be amended, restated, renewed, refunded, replaced, refinanced, supplemented or otherwise modified from time to time, including any such replacement, refunding or refinancing facility or indenture that increases the amount permitted to be borrowed thereunder or alters the maturity thereof or adds Restricted Subsidiaries as additional borrowers or guarantors thereunder and whether by the same or any other agent, lender or group of lenders. “Attributable Debt” in respect of a Sale and Leaseback Transaction means, as at the time of determination, the present value (discounted using an implied interest rate of such transaction) of the total obligations of the lessee for rental payments during the remaining term of the lease included in such Sale and Leaseback Transaction.

ABL Revolving Loan means a Loan made pursuant to Section 2.02(a).

ABL Revolving Loan means a Loan made pursuant to Section 2.02(a).