DIP ABL Agent definition

DIP ABL Agent means the administrative agent under the DIP ABL Credit Agreement, solely in its capacity as such.

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DIP ABL Agent means Bank of America, N.A., in its capacity as administrative agent and collateral agent under the DIP ABL Facility.

DIP ABL Agent means Wells Fargo Capital Finance Corporation Canada as administrative agent under the DIP ABL Credit Agreement;

Examples of DIP ABL Agent in a sentence

In furtherance thereof, the DIP Term Agent agrees that it will execute any and all Lien releases or other documents reasonably requested by the DIP ABL Agent in connection therewith, so long as the net cash proceeds from such sale or other disposition of such DIP ABL Priority Collateral are applied in accordance with the terms of this Agreement.
In exercising remedies, whether as a secured creditor or otherwise, the DIP ABL Agent shall have no obligation or liability to the DIP Term Agent or to any DIP Term Lender, and the DIP Term Agent shall have no obligation or liability to the DIP ABL Agent or any DIP ABL Lender, regarding the adequacy of any Proceeds or for any action or omission, save and except solely for an action or omission that breaches the express obligations undertaken by each Party under the terms of this Agreement.
Each of the DIP ABL Agent and the DIP Term Agent is hereby authorized to demand specific performance of this Agreement, whether or not any DIP ABL Borrower, any DIP ABL Guarantor, the DIP Term Borrower or any DIP Term Guarantor shall have complied with any of the provisions of any of the Credit Documents, at any time when the other Party shall have failed to comply with any of the provisions of this Agreement applicable to it.
In the event that the DIP Term Agent shall, in the exercise of its rights under the DIP Term Collateral Documents or otherwise, obtain title to any Intellectual Property previously owned by any of the DIP ABL Credit Parties, the DIP Term Agent hereby irrevocably grants the DIP ABL Agent a non-exclusive license or other right to use, without charge, such Intellectual Property as it pertains to the DIP ABL Priority Collateral in advertising for sale and selling any DIP ABL Priority Collateral.
In furtherance thereof, the DIP ABL Agent agrees that it will execute any and all Lien releases or other documents reasonably requested by the DIP Term Agent in connection therewith, so long as the net cash proceeds from such sale or other disposition of such DIP Term Priority Collateral are applied in accordance with the terms of this Agreement.

More Definitions of DIP ABL Agent

DIP ABL Agent means JPMorgan Chase Bank, N.A., in its capacity as administrative agent, collateral agent, swingline lender and initial issuing bank under the DIP ABL Facility.

DIP ABL Agent means JPMorgan Chase Bank, N.A., or its duly appointed successor, in its capacity as administrative agent and collateral agent under the DIP ABL Credit Agreement.

DIP ABL Agent means Bank of America, N.A. in its capacity as administrative agent under the DIP Credit Agreement, together with its respective successors and assigns in such capacities.

DIP ABL Agent means Bank of America, N.A., in its capacity as administrative agent and collateral agent under the DIP ABL Facility, or any successor in such capacity.

DIP ABL Agent means, as applicable, the administrative agent under the DIP ABL Agreement, its successors, assigns, or any replacement agent appointed pursuant to the terms of the DIP ABL Agreement.

DIP ABL Agent means Bank of America, N.A., in its capacity as administrative agent for the DIP ABL Lenders pursuant to the DIP ABL Credit Agreement.

DIP ABL Agent means Bank of America, N.A., solely in its capacity as administrative agent under the DIP ABL Credit Agreement, including any successor thereto.