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Exhibit 10.2 NewPage - Executed ABL Agreement

Exhibit 10.2 NewPage - Executed ABL Agreement

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elated expense, as the case may be, was incurred by or asserted against the Administrative<br />

Agent, the Issuing Bank or the Swingline Lender in its capacity as such.<br />

(d) To the extent permitted by applicable law, no Credit Party shall assert, and<br />

each hereby waives, any claim against any Indemnitee, on any theory of liability, for special,<br />

indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out<br />

of, in connection with, or as a result of, this <strong>Agreement</strong> or any agreement or instrument<br />

contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds<br />

thereof.<br />

(e) All amounts due under this Section shall be payable not later than ten (10)<br />

Business Day after written demand therefor.<br />

SECTION 10.04 Successors and Assigns. (a) The provisions of this <strong>Agreement</strong> shall<br />

be binding upon and inure to the benefit of the parties hereto and their respective successors and<br />

assigns permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of<br />

Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or<br />

obligations hereunder without the prior written consent of each Lender (and any attempted<br />

assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no<br />

Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance<br />

with this Section. Nothing in this <strong>Agreement</strong>, expressed or implied, shall be construed to confer<br />

upon any Person (other than the parties hereto, their respective successors and assigns permitted<br />

hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit), Participants<br />

(to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated<br />

hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and the<br />

Lenders) any legal or equitable right, remedy or claim under or by reason of this <strong>Agreement</strong>.<br />

(b)(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may<br />

assign to one or more assignees all or a portion of its rights and obligations under this <strong>Agreement</strong><br />

(including all or a portion of its Commitment and the Loans at the time owing to it) with the<br />

prior written consent (such consent not to be unreasonably withheld) of:<br />

(A) the Borrower, provided that the Borrower shall be<br />

deemed to have consented to any such assignment unless it shall object thereto by written<br />

notice to the Administrative Agent within 5 Business Days after having received notice<br />

thereof, and provided further that no consent of the Borrower shall be required for an<br />

assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of<br />

Default has occurred and is continuing, any other assignee;<br />

(B) the Administrative Agent (provided that no consent<br />

of the Administrative Agent shall be required for an assignment to a Lender, an Affiliate<br />

of a Lender, an Approved Fund); and<br />

(C) the Issuing Banks (provided that no consent of the<br />

Issuing Bank shall be required for an assignment to a Lender, an Affiliate of a Lender, an<br />

Approved Fund).<br />

(ii) Assignments shall be subject to the following additional conditions:<br />

CH\1416587.18<br />

135

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