DIP ABL Agreement definition

DIP ABL Agreement means that certain Senior Secured, Super-Priority Debtor-In-Possession Credit Agreement, dated as of December 14, 2017, by Charming Charlie LLC, Charming Charlie USA, Inc., as borrowers, the other Debtors, as guarantors, the DIP ABL Agent, and the DIP ABL Lenders, as the same may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof.

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DIP ABL Agreement means that certain Amended and Restated Senior Secured Debtor-in-Possession Asset-Based Revolving Credit Agreement, as amended, supplemented, or modified from time to time, among Hexion LLC as holdings, Hexion Inc., Hexion Canada Inc., Hexion B.V., Hexion UK Limited, Borden Chemical U.K. Limited, and Hexion GmbH as borrowers, the guarantors party thereto, the lenders party thereto, and the DIP ABL Agent.

DIP ABL Agreement means any debtor-in-possession senior secured asset-based revolving credit agreement, by and among the Debtors, the DIP ABL Agent, and the DIP ABL Lenders, as applicable, as approved by the DIP Financing Order.

Examples of DIP ABL Agreement in a sentence

• If those certain conversion conditions set forth in the DIP ABL Agreement remain unsatisfied as of the Plan Effective Date, on the Plan Effective Date, each holder of an allowed DIP ABL Facility Claim shall receive, unless such holder agrees to less favorable treatment, cash in an amount equal to its allowed DIP ABL Facility Claim in full and final satisfaction, release, and discharge of, and in exchange for, such allowed DIP ABL Facility Claim.

• DIP ABL Facility Claim Any Claim derived from, based upon, or secured pursuant to the DIP ABL Agreement, including claims for all principal amounts outstanding, interest, fees, expenses, costs, and other charges arising thereunder or related thereto, in each case, with respect to the DIP ABL Facility.

• On the Effective Date, each holder of an Allowed claim under DIP ABL Agreement (collectively, the “DIP ABL Claims”) shall receive payment in full in cash from the proceeds of the Exit ABL Facility, and the Existing L/Cs under the DIP ABL Facility that remain undrawn as of the Effective Date shall be deemed outstanding under the Exit ABL Facility or, if necessary, be 105% cash collateralized as of the Effective Date and remain outstanding.

• Conditions to Closing and Effectiveness of the Exit Facility: As set forth on the Schedule 2.26 to the DIP ABL Agreement.

• All DIP ABL Facility Claims shall be deemed Allowed as of the Effective Date in an amount equal to (a) the principal amount outstanding under the DIP ABL Agreement on such date, (b) all accrued and unpaid interest thereon to the date of payment, and (c) all accrued and unpaid fees, expenses, and noncontingent indemnification obligations payable under the DIP ABL Agreement and the DIP Financing Order.

More Definitions of DIP ABL Agreement

DIP ABL Agreement means that certain senior secured super-priority priming debtor-in- possession credit agreement by and among the Debtors, as borrowers and/or guarantors, the DIP ABL Agent, and the lenders party thereto, including all agreements (including, without limitation, the ABL Fee Letter (as defined in the DIP Order)), notes, instruments, and any other document delivered pursuant thereto or in connection therewith (in each case as amended, modified, or supplemented from time to time), which was approved by the Bankruptcy Court pursuant to the DIP Order.

DIP ABL Agreement means that certain senior secured super-priority debtor-in-possession credit agreement by and among the Debtors, as borrowers and/or guarantors, the DIP ABL Agent, and the lenders party thereto, including any and all notes, instruments, and any other document delivered pursuant thereto or entered into in connection therewith, in each case as amended, modified, or supplemented from time to time.

DIP ABL Agreement has the meaning set forth in the preamble to this Agreement.

DIP ABL Agreement means that certain senior secured super-priority priming debtor-in- possession credit agreement by and among the Debtors, as borrowers and/or guarantors, the DIP ABL Agent, and the lenders party thereto, including all agreements (including, without limitation, the ABL Fee Letter (as defined in the

DIP ABL Agreement means that certain Senior Secured, Super-Priority Debtor-In-Possession Credit Agreement, dated as of October 2, 2019, by and among the Debtors, the DIP ABL Agent, and the DIP ABL Lenders, as the same may be amended, restated, supplemented, or otherwise modified from time to time in accordance with the terms thereof.

DIP ABL Agreement means the credit agreement evidencing the DIP ABL Facility.

DIP ABL Agreement has the meaning set forth in the second WHEREAS clause of this Agreement.