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Exhibit 10.2 NewPage - Executed ABL Agreement

Exhibit 10.2 NewPage - Executed ABL Agreement

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ights of inspection, may prepare and distribute to the Lenders certain Reports pertaining to the<br />

Credit Parties’ assets for internal use by the Administrative Agent and the Lenders.<br />

SECTION 5.07 Lenders Calls and Meetings. Holdings and Borrower will, upon<br />

the request of Administrative Agent or Required Lenders, participate in a telephonic conference<br />

call with Administrative Agent and Lenders once during each Fiscal Quarter (or more often<br />

during the continuance of an Event of Default) at such time as may be agreed to by Borrower and<br />

Administrative Agent (and, in any event, during normal business hours). Holdings and Borrower<br />

will, upon the request of Administrative Agent or Required Lenders, participate in a meeting of<br />

Administrative Agent and Lenders once during each Fiscal Year (or more often during the<br />

continuance of an Event of Default) to be held at Borrower’s corporate offices (or at such other<br />

location as may be agreed to by Borrower and Administrative Agent) at such time as may be<br />

agreed to by Borrower and Administrative Agent (and, in any event, during normal business<br />

hours).<br />

SECTION 5.08 Compliance with Laws. Each Credit Party will comply, and shall<br />

cause each of its Subsidiaries to comply, with the requirements of all applicable laws, rules,<br />

regulations and orders of any Governmental Authority (including all applicable Environmental<br />

Laws), noncompliance with which could reasonably be expected to have, individually or in the<br />

aggregate, a Material Adverse Effect.<br />

SECTION 5.09<br />

Environmental.<br />

and Lenders:<br />

(a)<br />

Environmental Disclosure. Holdings will deliver to Administrative Agent<br />

(i) as soon as practicable following Holdings’ or its Subsidiaries’ receipt<br />

thereof, copies of all environmental audits, investigations and reports of any kind or character,<br />

whether prepared by personnel of Holdings or any of its Subsidiaries or by independent<br />

consultants, Governmental Authorities or any other Persons, with respect to significant<br />

environmental matters at any Facility or with respect to any Environmental Claims that, in each<br />

case, would reasonably be expected to result in costs to Holdings or any of its subsidiaries in<br />

excess of $10,000,000;<br />

(ii) promptly upon the occurrence thereof, written notice describing in<br />

reasonable detail (1) any Release by Holdings or any of its subsidiaries required to be reported to<br />

any Governmental Authority under any applicable Environmental Laws, (2) any remedial action<br />

taken by Holdings or any other Person in response to (A) any Hazardous Materials Activities the<br />

existence of which could reasonably be expected to result in one or more Environmental Claims<br />

having, individually or in the aggregate, a Material Adverse Effect, or (B) any Environmental<br />

Claims that, individually or in the aggregate, could reasonably be expected to result in a Material<br />

Adverse Effect, and (3) Holdings or Borrower’s discovery of any occurrence or condition on any<br />

real property adjoining or in the vicinity of any Facility that could reasonably be expected to<br />

cause such Facility or any part thereof to be subject to any applicable material restrictions on the<br />

ownership, occupancy, transferability or use thereof under any Environmental Laws;<br />

CH\1416587.18<br />

99

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