Replacement ABL Loans means any indebtedness or other financial accommodation that has been incurred to extend, increase, renew, refund, replace (whether upon or after termination or otherwise) or refinance (including by means of issuances of debt securities) in whole or in part from time to time indebtedness and other obligations under the ABL Credit Agreement; provided that (a) any such Indebtedness shall be incurred by the obligors under the ABL Credit Agreement, (b) on a pro forma basis immediately after giving effect to the incurrence of any such Indebtedness, no Event of Default shall have occurred and be continuing, (c) any Liens securing any such Indebtedness shall be subject to the Intercreditor Agreement, (d) no such Indebtedness shall be subject to any Guarantee by Holdings or any of its Subsidiaries (other than a Loan Party) and (e) the principal amount of such Indebtedness shall not exceed the principal amount of the ABL Loans so extended, increased, renewed, refunded, replaced or refinanced (plus unpaid accrued interest and premium thereon, any committed or undrawn amounts and underwriting discounts, fees, commissions and expenses, associated with such Replacement ABL Loans).
Replacement ABL Loans means any indebtedness or other financial accommodation that has been incurred to extend, increase, renew, refund, replace (whether upon or after termination or otherwise) or refinance (including by means of issuances of debt securities) in whole or in part from time to time indebtedness and other obligations under the ABL Credit Agreement; provided that (a) any such Indebtedness shall be incurred by the obligors under the ABL Credit Agreement, (b) any Liens securing any such Indebtedness shall be subject to the Intercreditor Agreement, (c) no such Indebtedness shall be subject to any Guarantee by a non-Loan Party and (d) the principal amount of such Indebtedness shall not exceed the principal amount of the ABL Loans so extended, increased, renewed, refunded, replaced or refinanced (plus unpaid accrued interest and premium thereon, any committed or undrawn amounts and underwriting discounts, fees, commissions and expenses, associated with such Replacement ABL Loans).