ABL Grantor definition

ABL Grantor means Borrower and each ABL Guarantor.
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ABL Grantor means the ABL Borrower, GP Commodity and each Subsidiary of the ABL Borrower and GP Commodity that has or may from time to time hereafter execute and deliver any ABL Collateral Document as a “grantor” or “pledgor” (or the equivalent thereof) to secure any ABL Obligations.
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ABL Grantor means the ABL Borrower and each Subsidiary of the ABL Borrower that has or may from time to time hereafter execute and deliver any ABL Collateral Document as a “grantor” or “pledgor” (or the equivalent thereof) to secure any ABL Obligations.
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Examples of ABL Grantor in a sentence

  • This is a continuing agreement of lien subordination and the ABL Claimholders may continue, at any time and without notice to Term Loan Agent or any other Term Loan Claimholder, to extend credit and other financial accommodations to or for the benefit of any ABL Grantor constituting ABL Priority Debt in reliance hereof.

  • This is a continuing agreement of lien subordination on the ABL Priority Collateral and the ABL Claimholders may continue, at any time and without notice to the Term Loan Collateral Agent or any other Term Loan Claimholder subject to the Term Loan Documents, to extend credit and other financial accommodations and lend monies to or for the benefit of the ABL Borrower or any ABL Grantor constituting ABL Obligations in reliance hereof.

  • All payments received by the ABL Collateral Agent or the ABL Claimholders from any ABL Grantor may be applied, reversed and reapplied, in whole or in part, to such part of the ABL Obligations provided for in the ABL Loan Documents.

  • The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding of any ABL Grantor.

  • Nothing in this Agreement is intended to or shall impair the obligations of any ABL Grantor, which are absolute and unconditional, to pay the ABL Obligations and the Term Loan Obligations as and when the same shall become due and payable in accordance with their terms.

  • All Liens on the ABL Priority Collateral securing any ABL Obligations shall be and remain senior in all respects and prior to all Liens on the ABL Priority Collateral securing any Term Loan Obligations for all purposes, whether or not such Liens securing any ABL Obligations are subordinated to any Lien securing any other obligation of any ABL Grantor.

  • No Term Loan Claimholder (unless such Term Loan Claimholder is also an ABL Claimholder) may provide DIP Financing to the ABL Grantor secured by Liens on ABL Priority Collateral equal or senior in priority to the Liens securing any ABL Obligations.

  • If the new ABL Obligations under the new ABL Loan Documents are secured by assets of any ABL Grantor constituting ABL Priority Collateral that do not also secure the Term Loan Obligations, then the Term Loan Obligations shall be secured at such time by a second-priority Lien on such assets to the same extent provided in the Term Loan Collateral Documents and this Agreement except to the extent such Lien on such assets constitutes a Term Loan Declined Lien.

  • The Term Loan Collateral Agent, for itself or on behalf of each other Term Loan Claimholder, shall promptly execute and deliver to the ABL Collateral Agent or the ABL Grantor such termination statements, releases and other documents as the ABL Collateral Agent or the applicable ABL Grantor may request to effectively confirm such release.

  • No provision of this Agreement will inure to the benefit of a bankruptcy trustee, debtor-in-possession, creditor trust or other representative of an estate or creditor of any ABL Grantor, including where any such bankruptcy trustee, debtor-in-possession, creditor trust or other representative of an estate is the beneficiary of a Lien securing ABL Priority Collateral by virtue of the avoidance of such Lien in an Insolvency or Liquidation Proceeding.


More Definitions of ABL Grantor

ABL Grantor has the meaning set forth in the Preamble to this Agreement.
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Related to ABL Grantor

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • ABL Agent means Bank of America, N.A., acting in its capacity as collateral agent under the ABL Credit Facility, or any successor thereto in such capacity.

  • ABL Secured Parties means the ABL Representative, the ABL Creditors and any other holders of the ABL Obligations.

  • Second Lien Collateral Agent means the “Collateral Agent” as defined in the Second Lien Credit Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.