Replacement ABL Facility definition

Replacement ABL Facility has the meaning assigned to such term in Section 6.01(n).
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Replacement ABL Facility means any asset-based lending facility in form and substance reasonably satisfactory to the Administrative Agent and Primary Borrower that, prior to, or after, the Closing Date, (i) refinances or replaces (including any replacement after the termination of the Existing Midcap Facility) that certain Credit, Security and Guaranty Agreement, dated as of May 21, 2021, among the Primary Borrower and its Subsidiaries party thereto as Borrowers, Midcap Financial Trust, in its capacity as Administrative Agent thereunder, and each of the lenders party thereto and (ii) is subject to the ABL Intercreditor Agreement.
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Replacement ABL Facility means a revolving credit facility in aggregate principal amount not to exceed $75,000,000 provided to the Borrowers on substantially the same terms as and in any event no less favorable to the Borrowers or the Term Secured Parties than the Revolving Loan Commitments hereunder and subject to the intercreditor provisions of Annex C hereof.
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Examples of Replacement ABL Facility in a sentence

  • The UNA ABL Lead Arrangers shall have been afforded a period of not less than 30 consecutive calendar days after completion of a customary confidential information memorandum with respect to the UNA Replacement ABL Facility to market and syndicate the UNA Replacement ABL Facility.

  • The closing date of the Transactions including the issuance or incurrence of any Securities and/or if applicable, the Bridge Facility (including the Notes Bridge and the Replacement Bridge), and if applicable, the Replacement ABL Facility is referred to herein as the “Closing Date”.

  • In addition, commitments of the ABL Lenders in respect of the UNA Replacement ABL Facility and the closing and funding thereunder will be subject to the satisfaction of the following additional conditions precedent: (a) Bridge Facilities/Notes.

  • Notwithstanding the Lead Arrangers’ right to syndicate the Bridge Facility and the Replacement ABL Facility and receive commitments with respect thereto, no Commitment Party will be relieved of all or any portion of their respective commitments hereunder prior to the initial funding under the Bridge Facility and effectiveness of the Replacement ABL Facility (if applicable).

  • You further agree that each document to be disseminated by the Lead Arrangers to any Lender or potential Lender in connection with the consent solicitation in respect of the Amendments and the syndication of the Bridge Facility or the Replacement ABL Facility, will be identified by you as either (x) containing Private Lender Information or (y) containing solely Public Lender Information.

  • The Lead Arrangers reserve the right, prior to or after execution of the definitive Credit Documentation, to syndicate all or part of the Commitment Parties’ commitments for the Bridge Facility and the Replacement ABL Facility to one or more financial institutions or institutional lenders.

  • Substantially concurrently with the initial borrowing under the UNA Replacement ABL Facility, the UNA ABL Lead Arrangers shall have received satisfactory evidence of repayment of all indebtedness and termination of all commitments under the UNA Existing ABL Facility and the discharge (or the making of arrangements for discharge) of all liens thereunder.

  • All Specified Representations under the applicable Financing Documentation, the Merger Agreement Representations and, in the case of the UNA Existing ABL Facility if same will remain outstanding and not be replaced by the UNA Replacement ABL Facility on the Closing Date, the representations and warranties under the UNA Existing ABL Facility as amended by the ABL Amendment, shall in each case be true and correct.

  • Solely with respect to the Replacement ABL Facility (if applicable), subject to the Funds Certain Provisions, (i) the ABL Administrative Agent shall have a perfected, first or second, as applicable, priority security interest in the collateral, subject to permitted liens, (ii) all filings, recordations and searches necessary in connection with such liens and security interests shall have been duly made, and (iii) all filings and recording fees and taxes shall have been duly paid.


More Definitions of Replacement ABL Facility

Replacement ABL Facility means any asset-based lending facility in form and substance reasonably satisfactory to the Administrative Agent and Borrower that, prior to the Closing Date, refinances and replaces that certain Credit, Security and Guaranty Agreement, dated as of May 21, 2021, among the Borrower and its subsidiaries party thereto as Borrowers, Midcap Financial Trust, in its capacity as Administrative Agent thereunder, and each of the lenders party thereto.
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Replacement ABL Facility means any revolving or asset-based revolving, term loan and/or letter of credit facility incurred after the Restatement Date constituting a Replacement ABL Facility as such term is defined in the Term Loan Agreement as in effect on the Restatement Date.
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Related to Replacement ABL Facility

  • Exit ABL Facility means the asset-based revolving credit facility provided for under the Exit ABL Credit Agreement.

  • ABL Facility means the asset-based revolving credit facility evidenced by the ABL Facility 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.

  • Replacement Revolving Facility has the meaning assigned to such term in Section 9.02(c)(ii).

  • Replacement Facility means 1 of the following:

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Replacement Assets means (1) tangible non-current assets that will be used or useful in a Permitted Business or (2) substantially all the assets of a Permitted Business or a majority of the Voting Stock of any Person engaged in a Permitted Business that will become on the date of acquisition thereof a Restricted Subsidiary.

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Refinancing Facility has the meaning specified in Section 2.16(a).

  • Securitization Facility means any of one or more receivables or securitization financing facilities as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, the Obligations of which are non-recourse (except for customary representations, warranties, covenants and indemnities made in connection with such facilities) to the Issuer or any of its Restricted Subsidiaries (other than a Securitization Subsidiary) pursuant to which the Issuer or any of its Restricted Subsidiaries sells or grants a security interest in its accounts receivable or Securitization Assets or assets related thereto to either (a) a Person that is not a Restricted Subsidiary or (b) a Securitization Subsidiary that in turn sells its accounts receivable to a Person that is not a Restricted Subsidiary.

  • Refinancing Facility Agreement means a Refinancing Facility Agreement, in form and substance reasonably satisfactory to the Agent, among Holdings, the Borrower, each Subsidiary of the Borrower party to this Agreement, the Agent and one or more Refinancing Lenders, establishing Refinancing Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.26.

  • Replacement Reserve Agreement means a Replacement Reserve and Security Agreement, reasonably required by the Lender, and completed in accordance with the requirements of the DUS Guide.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Qualified Securitization Facility means any Securitization Facility (1) constituting a securitization financing facility that meets the following conditions: (a) the Board of Directors will have determined in good faith that such Securitization Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and the applicable Restricted Subsidiary or Securitization Subsidiary and (b) all sales or contributions of Securitization Assets and related assets to the applicable Person or Securitization Subsidiary are made at fair market value (as determined in good faith by the Borrower) or (2) constituting a receivables financing facility.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Replacement Loans has the meaning specified in Section 10.01.

  • Additional Facility is defined in Section 7.01.

  • ABL Facility Documents means the agreements and other instruments governing the ABL Facility, together with any guarantees thereof and any security documents, other collateral documents and other instruments relating thereto (including documents and instruments governing Hedging Obligations required by the ABL Facility or relating to ABL Obligations).

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Existing Facility means a facility in existence on any given date, newly constructed or altered.

  • 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.

  • Acquisition Facility the Acquisition Facility Commitments and the extensions of credit thereunder.

  • Disposal facility means a facility or part of a facility at which hazardous waste is intentionally placed into or on any land or water, and at which waste will remain after closure. The term disposal facility does not include a corrective action management unit into which remediation wastes are placed.

  • Additional Facilities has the meaning assigned to that term in Section 2.9(a).