Exhibit 10.2 NewPage - Executed ABL Agreement

which Borrower or any other Guarantor may have by reason of the order, decree or decision of
any court or administrative body resulting from any such proceeding.
(b) Each Guarantor acknowledges and agrees that any interest on any portion
of the Guaranteed Obligations which accrues after the commencement of any case or proceeding
referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases
to accrue by operation of law by reason of the commencement of such case or proceeding, such
interest as would have accrued on such portion of the Guaranteed Obligations if such case or
proceeding had not been commenced) shall be included in the Guaranteed Obligations because it
is the intention of the Guarantors and Beneficiaries that the Guaranteed Obligations which are
guaranteed by the Guarantors pursuant hereto should be determined without regard to any rule of
law or order which may relieve Borrower of any portion of such Guaranteed Obligations. The
Guarantors will permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the
benefit of creditors or similar Person to pay Administrative Agent, or allow the claim of
Administrative Agent in respect of, any such interest accruing after the date on which such case
or proceeding is commenced.
(c) In the event that all or any portion of the Guaranteed Obligations are paid
by Borrower, the obligations of the Guarantors hereunder shall continue and remain in full force
and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s)
are rescinded or recovered directly or indirectly from any Beneficiary as a preference, fraudulent
transfer or otherwise, and any such payments which are so rescinded or recovered shall
constitute Guaranteed Obligations for all purposes hereunder.
SECTION 7.12 Discharge of Guaranty Upon Sale of Guarantor. If (A) all of the
Equity Interests of any Guarantor or any of its successors in interest hereunder shall be sold or
otherwise disposed of (including by merger or consolidation) in accordance with the terms and
conditions hereof or (B) if a Guarantor is designated as an Unrestricted Subsidiary in accordance
with Section 5.17, then in the case of each of clauses (A) and (B), the Guaranty of such
Guarantor or such successor in interest, as the case may be, hereunder shall automatically be
discharged and released without any further action by any Beneficiary or any other Person
effective as of the time of such Asset Sale or designation, as applicable.
ARTICLE VIII
EVENTS OF DEFAULT.
If any of the following events (“Events of Default”) shall occur:
(a) Failure to Make Payments When Due. Failure by the Borrower to pay (i)
any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement
when and as the same shall become due and payable, whether at the due date thereof or at a date
fixed for prepayment thereof or otherwise or (ii) any interest on any Loan or any fee or any other
amount (other than an amount referred to in clause (i) ) payable under this Agreement, when and
as the same shall become due and payable, and such failure shall continue unremedied for a
period of five days after the date due; or
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