Exhibit 10.2 NewPage - Executed ABL Agreement

satisfaction in full of all Obligations, shall cease to be in full force and effect (other than in
accordance with its terms) or shall be declared to be null and void or any Guarantor shall
repudiate its obligations thereunder, (ii) this Agreement, the Intercreditor Agreement or any
Collateral Document ceases to be in full force and effect (other than by reason of a release of
Collateral in accordance with the terms hereof or thereof or the satisfaction in full of the
Obligations in accordance with the terms hereof) or shall be declared null and void, or
Administrative Agent shall not have or shall cease to have a valid and perfected Lien in any
Collateral purported to be covered by the Collateral Documents with the priority required by the
relevant Collateral Document, in each case for any reason other than the failure of
Administrative Agent or any Secured Party to take any action within its control, or (iii) any
Credit Party shall contest the validity or enforceability of any Credit Document or the
Intercreditor Agreement in writing or deny in writing that it has any further liability, including
with respect to future advances by Lenders, under any Credit Document to which it is a party or
shall contest the validity or perfection of any Lien in any Collateral purported to be covered by
the Collateral Documents; or
(m) Subordinated Indebtedness. Any Subordinated Indebtedness permitted
hereunder or the guarantees thereof shall cease, for any reason, to be validly subordinated to the
Obligations of the Credit Parties hereunder, as provided in the indenture or loan agreement
governing such Subordinated Indebtedness, or any Credit Party shall so assert;
then, and in every such event (other than an event with respect to the Borrower described in
clause (f) or (g) of this Article VIII), and at any time thereafter during the continuance of such
event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice
to the Borrower, take either or both of the following actions, at the same or different times:
(i) terminate the Commitments, whereupon the Commitments shall terminate immediately, and
(ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case
any principal not so declared to be due and payable may thereafter be declared to be due and
payable), whereupon the principal of the Loans so declared to be due and payable, together with
accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder,
shall become due and payable immediately, without presentment, demand, protest or other notice
of any kind, all of which are hereby waived by the Borrower; and in case of any event with
respect to the Borrower described in clause (f) or (g) of this Article VIII, the Commitments shall
automatically terminate and the principal of the Loans then outstanding, together with accrued
interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
automatically become due and payable, without presentment, demand, protest or other notice of
any kind, all of which are hereby waived by the Borrower. Upon the occurrence and the
continuance of an Event of Default, the Administrative Agent may, and at the request of the
Required Lenders shall, exercise any rights and remedies provided to the Administrative Agent
under the Credit Documents or at law or equity, including all remedies provided under the UCC.
ARTICLE IX
THE AGENTS.
Each of the Lenders and the Issuing Banks hereby irrevocably appoints the
Administrative Agent and the Co-Collateral Agents (collectively, the “Agents”) as its agents and
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