ABL Standstill Period definition

ABL Standstill Period has the meaning set forth in Section 3.2(a)(i).
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ABL Standstill Period shall have the meaning set forth in Section 2.2(a).
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ABL Standstill Period shall have the meaning set forth in Section 2.2(a) (Exercise of Remedies).
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Examples of ABL Standstill Period in a sentence

  • The ABL Standstill Period shall be tolled for any period that the Term Agent or the Term Secured Parties are stayed or otherwise prohibited by law or court order from exercising remedies with respect to the Term Priority Collateral.


More Definitions of ABL Standstill Period

ABL Standstill Period shall the period (a) commencing on the date of the Term Agent’s receipt of written notice from the ABL Agent certifying that (x) an Event of Default under the ABL Credit Agreement has occurred and is continuing and (y) the ABL Agent intends to commence an Exercise of Secured Creditor Remedies against any of the Term Priority Collateral; and (b) ending on the date which is the earlier to occur of (x) the date upon which the Discharge of Term Obligations shall have occurred (or prior thereto upon obtaining the written consent of the Term Agent), and (y) one hundred and twenty (120) days thereafter.
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ABL Standstill Period shall have the meaning set forth in Section 3.2(a). “Additional First Lien Agreement” shall mean any agreement covering any addi- tional indebtedness issued by the Company constituting secured obligations under the First Prior- ity Documents (pursuant to a joinder agreement to the First Lien Intercreditor Agreement), to the extent such secured indebtedness is permitted to be incurred in accordance with the Indenture, the Term Credit Agreement and the ABL Credit Agreement and the terms of such joinder agreement subject the agent and the holders of such indebtedness to the terms of this Agreement.
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Related to ABL Standstill Period

  • Support Period means the period commencing on (and including) the date of this Agreement and ending on (and including) the Expiration Date.

  • Lock-up Period means the period commencing on the date of the final prospectus relating to the Company’s IPO, and ending on the date specified by the Company and the managing underwriter(s). Such period shall not exceed one hundred eighty (180) days, or such other period as may be requested by the Company or an underwriter to accommodate regulatory restrictions on (i) the publication or other distribution of research reports, and (ii) analyst recommendations and opinions.

  • Financing Period means the number of calendar days from, but excluding, the immediately preceding Reset Date to, and including, the current Reset Date.

  • Cover Period means the period from the cover start date to the cover end date.

  • Initial Period means the period from (and including) the Issue Date to (but excluding) the First Call Date;

  • Summer Period means the June, July, August, and September billing months. “Winter Period” means the December, January, February, and March billing months. “Transition Period” means the April, May, October, and November billing months.

  • Specified Default means a Default under Section 8.01(a), (f) or (g).