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ABL Transaction definition

ABL Transaction means the incurrence by the Partnership or one of its Subsidiaries of any ABL Debt (as designated by the Partnership to the Trustee in an Officer’s Certificate) and the transactions related thereto (including the modifications to the Collateral contemplated herein).
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ABL Transaction means each obligation, right, interest, or undertaking created, granted, or arising under or relating to one or more of the ABL Documents.
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ABL Transaction has the meaning assigned to such term in the definition of “LTV Transaction”.
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Examples of ABL Transaction in a sentence

  • Notwithstanding anything to the contrary in this Indenture and the Security Documents (but subject to Section 4.03 and 4.12), Holdings and its Restricted Subsidiaries shall be permitted to consummate an ABL Transaction after the Issue Date.

  • Each of the Persons party hereto agrees and confirms that this Amendment shall constitute the notice relating to the Refinancing ABL Transaction required by Section 2.19(a) of the Initially Amended Credit Agreement and that the execution and delivery by Parent Borrower of such notice satisfies all notice requirements in the Initially Amended Credit Agreement relating to the Refinancing ABL Transaction.

  • The Company shall notify the Trustee if it consummates an ABL Transaction.

  • The Collateral Agent shall concurrently with the Company’s consummation of any ABL Transaction enter into the ABL Intercreditor Agreement with the ABL Agent, the Company and the Grantors party thereto and, so long as any ABL Obligations remain outstanding, shall comply with all applicable terms and conditions thereunder.

  • At all times following consummation of an ABL Transaction, the Notes and Notes Guarantees will be secured by a first-priority security interest in the Notes Priority Collateral (on a pari passu or senior lien basis with any other Parity Lien Obligations) and by second priority security interests in the ABL Priority Collateral, in each case subject to Permitted Liens.

  • The Partnership shall notify the Trustee in writing if it consummates an ABL Transaction.

  • Notwithstanding anything to the contrary in this Indenture and the Security Documents, the Company shall be permitted to consummate an ABL Transaction after the Issue Date.

  • The Collateral Trustee shall concurrently with the Partnership’s consummation of any ABL Transaction enter into the Intercreditor Agreement with the Trustee, the ABL Facility Collateral Agent, the Issuers and the Grantors party thereto and, so long as any ABL Obligations remain outstanding, shall comply with all applicable terms and conditions thereunder.

  • Notwithstanding anything to the contrary in this Indenture and the Security Documents, the Partnership shall be permitted to consummate an ABL Transaction after the date of this Indenture.


More Definitions of ABL Transaction

ABL Transaction has the meaning given to such term in the Notes Indenture.
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ABL Transaction has the meaning assigned to such term in Section 13.04.
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Related to ABL Transaction

  • Principal Transaction means any transaction between the Sponsor, the Manager or any of their respective Affiliates, on the one hand, and the Company or one of its Subsidiaries, on the other hand.

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • SPAC Transaction means a transaction or series of related transactions by merger, consolidation, share exchange or otherwise of the Company with a publicly traded “special purpose acquisition company” or its subsidiary (collectively, a “SPAC”), immediately following the consummation of which the common stock or share capital of the SPAC or its successor entity is listed on the Nasdaq Stock Market, the New York Stock Exchange or another exchange or marketplace approved by the Board of Directors, including a majority of the Preferred Directors.

  • MFN Transaction means a transaction in which the Company issues or sells any securities in a capital raising transaction or series of related transactions which grants to an investor the right to receive additional shares based upon future transactions of the Company on terms more favorable than those granted to such investor in such offering.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Issuer or any Restricted Subsidiary pursuant to which the Issuer or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Receivables Assets (which may include a backup or precautionary grant of security interest in such Receivables Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person that is not a Restricted Subsidiary; provided that any such Person that is a Subsidiary meets the qualifications in clauses (1) through (3) of the definition of “Receivables Subsidiary.”

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