Prepetition ABL Credit Facility definition

Prepetition ABL Credit Facility means that certain revolving credit and letter of credit facility provided under the Prepetition ABL Credit Facility Documents.
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Prepetition ABL Credit Facility means the credit facilities made available to the Borrower pursuant to the Prepetition ABL Credit Agreement.
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Prepetition ABL Credit Facility means the prepetition senior secured revolving financing in the aggregate principal amount of up to $150,000,000 at any time outstanding provided by the Prepetition ABL Lenders.
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Examples of Prepetition ABL Credit Facility in a sentence

  • Otherwise, the Prepetition ABL Credit Facility matures on September 30, 2020.

  • Borrowings under the Prepetition ABL Credit Facility bear interest at a fluctuating rate per annum measured by reference, at the option of the Prepetition Borrowers, to either adjusted LIBOR or an alternate base rate, in each case plus an applicable margin.

  • Upon entry of the Interim DIP Order, all loans under the Prepetition ABL Credit Facility and all accrued and unpaid interest thereon and outstanding fees and expenses were fully-rolled into the DIP ABL Credit Facility.

  • In addition to the Prepetition ABL Credit Facility and Senior Unsecured Notes, as of the Petition Date, the Debtors had approximately $111 million of outstanding unsecured debt.

  • As set forth below, the Senior Secured Credit Facilities were refinanced in full and terminated as of September 30, 2015, when UCI International entered into the Prepetition ABL Credit Facility (as defined below).

  • The Prepetition ABL Credit Facility Liens were granted to or for the benefit of the Prepetition ABL Credit Facility Secured Parties for fair consideration and reasonably equivalent value, and were granted contemporaneously with, or covenanted to be provided as inducement for, the making of the loans and/or the commitments and other financial accommodations secured thereby.

  • The Prepetition ABL Credit Facility matures on November 15, 2018 if the Senior Unsecured Notes are not repaid in full or refinanced by such date in accordance with the applicable terms of the Prepetition ABL Credit Facility Agreement.

  • The Debtors have granted security interests in and liens on all or substantially all of their assets to secure their obligations under the Prepetition ABL Credit Facility.

  • As of the Petition Date, approximately $69.4 of aggregate indebtedness was outstanding under the Prepetition ABL Credit Facility, plus an additional $5.8 million in outstanding letters of credit issued under the Prepetition ABL Credit Facility.

  • The Debtors used the proceeds of the Prepetition ABL Credit Facility to refinance in full and terminate all of the $74.9 million outstanding under the Debtors’ then-existing Senior Secured Credit Facilities, and to pay certain related fees and expenses.


More Definitions of Prepetition ABL Credit Facility

Prepetition ABL Credit Facility means that certain Revolving Credit Agreement, dated as of November 14, 2014 among Algoma Holdings B.V., Essar Tech Algoma Inc., ESAI, certain subsidiaries of ESAI party thereto, the lenders party thereto and Deutsche Bank AG, as administrative agent and as collateral agent (as amended, supplemented or otherwise modified from time to time prior to the Filing Date).
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Prepetition ABL Credit Facility means that certain loan and security agreement dated as of March 9, 2007 by and among The Newark Group, Newark Group International, B.V., the guarantors from time to time party thereto, the Prepetition ABL Lenders, and the Prepetition ABL Administrative Agent, pursuant to which the Prepetition ABL Lenders agreed to provide certain credit facilities to the borrowers thereunder, as amended through the date hereof, together with all related instruments, documents, and agreements related thereto.
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Related to Prepetition ABL Credit Facility

  • ABL Credit Facility means the senior secured asset-based revolving loan facility and the term loan facilities made pursuant to the ABL Credit Agreement.

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

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Principal Credit Facility means any loan agreement, credit agreement, note purchase agreement, indenture or similar document under which credit facilities in the aggregate original principal or commitment amount of at least $20,000,000 are provided for.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • New Credit Facility is defined in Section 9.8.

  • Senior Credit Facilities means, collectively, the Senior ABL Facility and the Senior Term Facility.

  • Material Credit Facility means, as to the Company and its Subsidiaries,

  • Existing Credit Facility means the credit facility evidenced by that certain Credit Agreement, dated as of October 26, 2006, by and among the Borrower, the lenders party thereto, and JPMCB, as administrative agent, as amended.

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • Exit Facility Credit Agreement means the credit agreement, in substantially the form attached to this Plan as Exhibit B or Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Debtors and the Required Consenting Creditors in the manner set forth in the Plan Support Agreement.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • Additional Credit Facilities means any credit facilities added pursuant to Sections 2.22, 2.23 or 9.02(c).

  • Credit Facility Documents means the collective reference to any Credit Facility, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Senior Credit Agreement has the meaning specified therefor in the Recitals hereto.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

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

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement, in each case as amended, supplemented, or modified from time to time prior to the Petition Date.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • ABL Facility Documents the “Loan Documents” as defined in the Senior ABL Facility Agreement, as the same may be amended, supplemented, waived, otherwise modified, extended, renewed, refinanced or replaced from time to time.