Exhibit 10.2 NewPage - Executed ABL Agreement

shall have provided hard copies to the Administrative Agent). Information required to be
delivered pursuant to this Section 5.01 may also be delivered by electronic communications
pursuant to procedures approved by the Administrative Agent. Each Lender shall be solely
responsible for timely accessing posted documents and maintaining its copies of such
documents.
SECTION 5.02 Existence. Except as otherwise permitted under Section 6.07, each
Credit Party will, and will cause each of its Subsidiaries to, at all times preserve and keep in full
force and effect its legal existence and take all reasonable action to preserve all rights and
franchises, licenses and permits material to its business; provided, no Credit Party (other than
Borrower or a Borrowing Base Guarantor with respect to existence) or any of its Subsidiaries
shall be required to preserve any such existence, right or franchise, licenses and permits if (a)
such Person’s board of directors (or similar governing body) shall determine that the
preservation thereof is no longer desirable in the conduct of the business of such Person or
(b) with respect to any Immaterial Subsidiary, the failure to do so could not reasonably be
expected to have a Material Adverse Effect.
SECTION 5.03 Payment of Taxes. Each Credit Party will, and will cause each of
its Subsidiaries and Unrestricted Subsidiaries to, pay all Taxes imposed upon it or any of its
properties or assets or in respect of any of its income, businesses or franchises before any penalty
or fine accrues thereon; provided, no such Tax need be paid if it is being contested in good faith
by appropriate proceedings promptly instituted and diligently conducted, so long as (a) adequate
reserve or other appropriate provision, as shall be required in conformity with GAAP shall have
been made therefor, and (b) in the case of a Tax or claim which has or may become a Lien
against any of the Collateral, such contest proceedings conclusively operate to stay the sale of
any portion of the Collateral to satisfy such Tax or claim. No Credit Party will, nor will it permit
any of its Subsidiaries and Unrestricted Subsidiaries to, file or consent to the filing of any
consolidated income Tax return with any Person (other than Holdings or any of its Subsidiaries
and Unrestricted Subsidiaries).
SECTION 5.04 Maintenance of Properties. Each Credit Party will, and will cause
each of its Subsidiaries to, maintain or cause to be maintained in good repair, working order and
condition, ordinary wear and tear excepted, all material properties used or useful in the business
of Holdings and its Subsidiaries and from time to time will make or cause to be made all
appropriate repairs, renewals and replacements thereof.
SECTION 5.05 Insurance. Holdings will maintain or cause to be maintained, with
financially sound and reputable insurers, such insurance with respect to liabilities, losses or
damage in respect of the assets, properties and businesses of Holdings and its Subsidiaries as
may customarily be carried or maintained under similar circumstances by Persons of established
reputation engaged in similar businesses operating in similar locations, in each case in such
amounts (giving effect to self-insurance), with such deductibles, covering such risks and
otherwise on such terms and conditions as shall be customary for such Persons. Without limiting
the generality of the foregoing, Holdings will maintain or cause to be maintained (a) flood
insurance with respect to each Flood Hazard Property that is located in a community that
participates in the National Flood Program, in each case in compliance with any applicable
regulations of the Board of Governors, and (b) replacement value property insurance on the
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