ABL Termination Date definition

ABL Termination Date shall have the meaning given such term in the ABL Intercreditor Agreement.
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ABL Termination Date means the first date on which the Release Conditions (as defined in the ABL Security Agreement) are met.
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ABL Termination Date means the first date on which (i) the ABL Secured Obligations (other than those that constitute Unasserted Contingent Obligations and other than any Cash Management Obligations or Secured Hedge Obligations) have been paid in cash in full (or, if applicable, cash collateralized or defeased in accordance with the terms of the applicable ABL Loan Documents), (ii) all commitments to extend credit under the applicable ABL Loan Documents have been terminated and (iii) there are no outstanding letters of credit issued under the ABL Agreement (other than such as have been cash collateralized or backstopped in accordance with the terms of the ABL Loan Documents). For the avoidance of doubt, a Refinancing of the ABL Secured Obligations shall not give rise to the ABL Termination Date unless the terms thereof expressly so provide with reference to this Agreement. Notwithstanding the foregoing, if at any time after the ABL Termination Date has occurred, any Grantor enters into any ABL Agreement evidencing ABL Secured Obligations permitted hereby, then such ABL Termination Date shall automatically be deemed not to have occurred for all purposes of this Agreement, and the obligations under such ABL Agreement shall automatically be treated as ABL Secured Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Common Collateral set forth herein, and the collateral agent under such ABL Agreement shall be the ABL Agent for all purposes of this Agreement. Upon receipt of a notice stating that any Grantor has entered into a new ABL Agreement (which notice shall include the identity of the collateral agent thereunder, such agent, the “New ABL Agent”), the Term Loan Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as such Grantor or such New ABL Agent may reasonably request in order to provide to the New ABL Agent the rights contemplated with respect to the ABL Agent and the ABL Secured Parties hereunder.
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Examples of ABL Termination Date in a sentence

  • The Applicable Agent will not rescind such instructions unless (i) prior to the ABL Termination Date, a Liquidity Trigger Period shall be continuing or (ii) at all other times, an Event of Default shall have occurred and be continuing.

  • The revolving commitments and the ABL Loans under the ABL Facility will mature on the ABL Termination Date.

  • No Letter of Credit will have a termination date after the 5th day preceding the ABL Termination Date and none shall have a term of more than one year; provided that Letters of Credit may provide for automatic renewals for additional one year periods so long as the termination date of such Letter of Credit is no later than the day set forth above.

  • Funds held in any Controlled Deposit Account or Controlled Securities Account may, until withdrawn, be invested and reinvested in such Permitted Investments as the US Borrower shall request from time to time; provided that (i) prior to the ABL Termination Date, if a Liquidity Trigger Period shall be continuing or (ii) at all other times, if an Event of Default shall have occurred and be continuing, the Applicable Agent may select such Permitted Investments.

  • At any time prior to the ABL Termination Date, the ABL Agent shall have the right to direct the Senior Credit Agent (as defined in the Junior Lien Intercreditor Agreement) with respect of the Senior Credit Agent’s rights under the Junior Lien Intercreditor Agreement; provided the Senior Credit Agent shall not be obligated to take any such action at the direction of the ABL Agent unless the Senior Credit Agent is indemnified for taking any such actions in a manner reasonably satisfactory to it.

  • Subject to paragraph 38 of this Interim DIP Order and after expiration of the Remedies Notice Period (as defined below), the DIP Obligations shall be due and payable, without notice or demand, on the DIP Termination Date and the use of Cash Collateral shall automatically cease (i) if the DIP Obligations and Prepetition Term Loan Obligations are then outstanding, on the Termination Date (as defined herein), except as provided in paragraph 38 herein, or (ii) the ABL Termination Date (as defined herein).

  • Funds held in any Controlled Deposit Account or Controlled Securities Account may, until withdrawn, be invested and reinvested in such Permitted Investments as the Borrower shall request from time to time; provided that (i) prior to the ABL Termination Date, if a Liquidity Trigger Period shall be continuing or (ii) at all other times, if an Event of Default shall have occurred and be continuing, the Applicable Agent may select such Permitted Investments.

  • Funds held in any other Controlled Deposit Account or Controlled Securities Account may, until withdrawn, be invested and reinvested in such investments as the Issuers shall request from time to time; provided that (i) prior to the ABL Termination Date, if a Liquidity Trigger Period shall be continuing or (ii) at all other times, if an Event of Default shall have occurred and be continuing, the Applicable Agent may (but shall not be obligated to) select such investments.


More Definitions of ABL Termination Date

ABL Termination Date means the first date on which (i) the ABL Secured Obligations (other than those that constitute Unasserted Contingent Obligations) have been indefeasibly paid in cash in full (or, if applicable, cash collateralized or defeased in accordance with the terms of the applicable ABL Credit Agreement Loan Documents), (ii) all commitments to extend credit under the ABL Credit Agreement Loan Documents have been terminated, (iii) there are no outstanding letters of credit or similar instruments issued under the ABL Credit Agreement Loan Documents (other than such as have been cash collateralized or defeased in accordance with the terms of the ABL Credit Agreement Loan Documents). For avoidance of doubt, a Refinancing of ABL Secured Obligations that is permitted hereby shall not give rise to the ABL Termination Date unless the terms thereof expressly so provide with reference to this Agreement.
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ABL Termination Date means the first date on which (i) the ABL Secured Obligations, if any, (other than those that constitute Unasserted Contingent Obligations) have been paid in cash in full (or, if applicable, cash collateralized or defeased in accordance with the terms of the applicable ABL Loan Documents), (ii) all commitments to extend credit under the applicable ABL Loan Documents have been terminated, (iii) there are no outstanding letters of credit issued under the ABL Agreement (other than such as have been cash collateralized or backstopped in accordance with the terms of the ABL Loan Documents) and (iv) the ABL Agent has delivered a written notice to the other Representatives stating that the ABL Termination Date has occurred to the satisfaction of ABL Agent. For the avoidance of doubt, a Refinancing of the ABL Secured Obligations shall not give rise to the ABL Termination Date unless the terms thereof expressly so provide with reference to this Agreement. Notwithstanding the foregoing, if at any time after the ABL Termination Date has occurred, any Grantor enters into any ABL Agreement evidencing the ABL Secured Obligations permitted hereby, then such ABL Termination Date shall automatically be deemed not to have occurred for all purposes of this Agreement, and the obligations under such ABL Agreement shall automatically be treated as ABL Secured Obligations for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Common Collateral set forth herein, and the collateral agent under such ABL Agreement shall be the ABL Agent for all purposes of this Agreement. Upon receipt of a notice stating that any Grantor has entered into a new ABL Agreement (which notice shall include the identity of the collateral agent thereunder, such agent, the “New ABL Agent”), the MDL Term Loan Agent, the 21C Term Loan Agent and the PIK Toggle Notes Agent shall promptly enter into such documents and agreements (including amendments or supplements to this Agreement) as such Grantor or such New ABL Agent may reasonably request in order toprovide to the New ABL Agent the rights contemplated with respect to the ABL Agent and the ABL Secured Parties hereunder.
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Related to ABL Termination Date

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Standstill Termination Date means the earlier of (i) the first anniversary of the Board Rights Termination Date and (ii) the later of (A) the third anniversary of this Agreement or (B) the first anniversary of the date on which both the Purchaser Designated Director has resigned from the Board and the Purchaser has permanently waived and renounced the Purchaser’s Board observation rights and Board designation rights in Section 1 and Section 2 of this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Senior Termination Date For each Senior Certificate Group, the Distribution Date on which the aggregate Class Certificate Balance of the related Classes of Senior Certificates has been reduced to zero.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Agreement Termination Date is defined in Section 7.4.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Event Termination Date See Section 2(e) hereof.

  • Accrual Termination Date Not applicable.

  • Forbearance Termination Date means the earlier to occur of (i) the Termination Date and (ii) a Termination Event.

  • Escrow Termination Date has the meaning ascribed to such term in Section 9.12.

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Scheduled Termination Date means July 9, 2021 or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.02.

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Liquidity Termination Date means the earlier to occur of the following:

  • Offering Termination Date means the last day of each March, June, September and December following an Offering Commencement Date, or such other Offering Termination Date established in connection with a Terminating Event.

  • Revolver Termination Date means the date that is the four (4) year anniversary of the Restatement Effective Date, unless extended with the consent of each Lender in its sole and absolute discretion.

  • Availability Termination Date means, as to either Borrower, the earliest of (a) the Maturity Date for such Borrower, (b) the reduction of the Borrower Sublimit of such Borrower to zero pursuant to Section 2.8.3 or termination of the obligation to make Loans to, or issue Letters of Credit for the account of, such Borrower pursuant to Section 8.1 and (c) the date of termination in whole of the Aggregate Commitment and the Commitments pursuant to Section 2.8.3 or Section 8.1.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Accretion Termination Date As defined in the Series Supplement.