ABS Facility definition

ABS Facility means one or more secured loans, borrowings or facilities that may be included in a commercial real estate securitization transaction.

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ABS Facility the collective reference to any ABS Document, and any instruments and documents executed and delivered pursuant to or in connection with any ABS Document, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time (whether in whole or in part, whether with the original agent and lenders or other agents and lenders or otherwise, and whether provided under the ABS Documents or one or more other agreements or otherwise) except to the extent such agreement, instrument or document expressly provides that it is not intended to be and is not an ABS Facility hereunder. Without limiting the generality of the foregoing, the term “ABS Facility” shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Borrower as additional obligors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

ABS Facility means any asset-backed securitization facility of an ABS Subsidiary to the extent such Subsidiary is permitted to enter into such facility pursuant to Section 9.01(m).

Examples of ABS Facility in a sentence

• Each of Parent and Borrower will not, and will not permit any of its Restricted Subsidiaries to, discount or sell (with or without recourse) any of its notes receivable or accounts receivable, except (i) in the ordinary course of business or (ii) in connection with any ABS Facility, so long as such Disposition is permitted pursuant to Section 9.11.

• Substantially concurrently with the satisfaction of the other conditions precedent set forth in this subsection 5.1, one or more Special Purpose Subsidiaries of the Acquired Business Parent shall have entered into the operative ABS Facility Documents to be entered into on the Closing Date.

• Substantially concurrently with the satisfaction of the other conditions precedent set forth in this subsection 6.1, one or more Special Purpose Subsidiaries of the Acquired Business Parent shall have entered into the operative ABS Facility Documents to be entered into on the Closing Date.

• Use the proceeds of the Credit Extensions to (a) refinance the Existing Credit Agreement; (b) refinance the Existing ABS Facility; (c) pay fees and expenses incurred in connection with the Transaction; (d) support the acquisition of subscriber contracts, and for working capital and other business purposes of the Borrower; and (e) provide ongoing working capital and for other general corporate purposes not in contravention of any Law or of any Loan Document.

• The Company will refinance the ABS Facility with the ABL Facility, the Issuer will publicly announce such extension in accordance with the terms of this Amendment and Restructuring Invitation.

More Definitions of ABS Facility

ABS Facility as defined in the recitals hereto.

ABS Facility shall include any agreement (i) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Borrower as additional obligors thereunder, (iii) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

ABS Facility the collective reference to the ABS Documents and any instruments and documents executed and delivered pursuant thereto or in connection therewith, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or extended from time to time (whether in whole or in part, whether with the original agents, trustees, purchasers or other parties thereto or other agents, trustees, purchasers or parties or otherwise, and whether provided under the original ABS Documents or other agreements, instruments, documents or otherwise, unless such agreement, instrument or document expressly provides that it is not intended to be and is not an ABS Facility hereunder).

ABS Facility means an asset backed securitization facility with terms no more restrictive than those contained in the Holdings ABS Facility, as such documents may be amended, modified, supplemented, restated, refinanced, or replaced by another non-recourse facility which facility will be secured by domestic compressor assets and related Property.

ABS Facility means our asset-backed security finance conduit program, as described in “Description of Other Indebtedness–ABS Facility”.

ABS Facility means the asset-backed securitization facility of the Partnership, which as of the Effective Time is the $1.1 billion revolving asset-backed securitization facility entered into on October 5, 2012, as amended most recently as of September 30, 2016, and as the same may be further amended, restated, supplemented, refinanced, replaced or otherwise modified from time to time, including any replacement or successor asset-backed securitization facility pari passu in right of payment. 4

ABS Facility. Means a lending facility provided by IXIS Capital Markets North America Inc. (or any of its Affiliates) or a commercial paper conduit selected by IXIS Capital Markets North America Inc. (or any of its Affiliates) to the Company or its Affiliates related to the issuance of collateralized debt obligations secured by asset backed securities (as determined by the Administrative Agent in its reasonable discretion).