Prepetition ABL Claims definition

Prepetition ABL Claims means any and all Claims arising from, under or in connection with the Prepetition ABL Agreement (including, without limitation, any and all “Secured Obligations” as defined therein) or any other Prepetition ABL Loan Document and the Prepetition ABL Agreement Agent & Lenders Fees and Expenses.

Prepetition ABL Claims means any Claim derived from, based upon, or arising under the Prepetition ABL Loan Documents.

Prepetition ABL Claims means any Claims arising under the Prepetition ABL Facility.

Examples of Prepetition ABL Claims in a sentence

• The Exit ABL Facility shall (a) be secured by a first priority lien on, inter alia, the collateral that currently secures the Prepetition ABL Claims and a second priority lien on, inter alia, the collateral that currently secures the Prepetition Term Loan Claims, (b) have material terms and conditions that are substantially similar to those in the Prepetition ABL Credit Agreement, and (c) be acceptable to the Requisite First Lien Lenders.

• Upon entry of the Interim DIP Order, all outstanding Prepetition ABL Claims were converted into Allowed DIP ABL Facility Claims (on a dollar- for-dollar basis).

• As a result, there are no outstanding Prepetition ABL Claims, other than contingent indemnification claims.(b) Prepetition Term Loan Debtor Charming Charlie LLC is party to that the Prepetition Term Loan Agreement, among Holdings, Charming Charlie LLC, as borrower, certain of the Debtors as guarantor parties thereto, the lenders from time to time parties thereto, and the Term Loan Agent.

• The Plan contemplates the following recoveries to Holders of Prepetition ABL Claims and Holders of Prepetition Term Loan Claims: • Allowed Prepetition ABL Claims.

• The LIBOR floor shall be 1.0%.• Amortization: 2.5% per annum (payable quarterly) beginning in the second year following the Effective Date.• Excess Cash Flow Sweep: 50%, with payments split pro rata between the Exit Tranche A Term Loans and the Exit Tranche B Term Loans.• Security / Priority: Secured by a first-priority lien on the collateral that currently secures the Prepetition Term Loan Claims and a second-priority lien on the collateral that currently secures the Prepetition ABL Claims.

More Definitions of Prepetition ABL Claims

Prepetition ABL Claims means all Claims arising under or related to the Prepetition ABL Credit Agreement.

Prepetition ABL Claims means any Claims on account of, arising under, derived from, or based upon the Prepetition ABL Documents, including Claims for all principal amounts outstanding, interest, fees, expenses, costs, guarantees, and other charges arising thereunder or related thereto.

Prepetition ABL Claims means any Claim on account of, in respect of, or under the Prepetition ABL Credit Agreement.

Prepetition ABL Claims means any Claim on account of the Prepetition ABL Credit Agreement.

Prepetition ABL Claims means all Claims arising under or related to the Prepetition ABL Documents.

Prepetition ABL Claims means, collectively, the Prepetition ABL Revolver Claims and the Prepetition ABL FILO Claims.

Prepetition ABL Claims means any Claim on account of, in respect of, or under the Prepetition ABL Credit Agreement, the Ancillary Facility, and the Hedge Agreements.