Exhibit 10.2 NewPage - Executed ABL Agreement

TABLE OF CONTENTS
Section
Page
Section 1. Definitions; Interpretation ........................................................................................2
1.1 Definitions................................................................................................................2
1.2 Terms Generally .......................................................................................................9
Section 2.
Lien Priorities.........................................................................................................10
2.1 Acknowledgment of Liens .....................................................................................10
2.2 Relative Priorities...................................................................................................10
2.3 Prohibition on Contesting Liens ............................................................................11
2.4 Similar Liens and Agreements Regarding Shared Collateral ................................11
2.5 Affiliate Obligations ..............................................................................................12
Section 3. Enforcement ...........................................................................................................12
3.1 Exercise of Rights and Remedies ..........................................................................12
3.2 Release of Second Priority Liens ...........................................................................20
3.3 Insurance and Condemnation Awards ...................................................................22
Section 4. Payments ................................................................................................................23
4.1 Application of Proceeds .........................................................................................23
4.2 Payments Over .......................................................................................................24
Section 5. Bailee for Perfection ..............................................................................................26
5.1 Each Agent as Bailee .............................................................................................26
5.2 Transfer of Pledged Collateral ...............................................................................26
Section 6. Insolvency Proceedings .........................................................................................28
6.1 General Applicability .............................................................................................28
6.2 Use of Cash Collateral; Bankruptcy Financing .....................................................28
6.3 Relief from the Automatic Stay .............................................................................31
6.4 Adequate Protection ...............................................................................................32
6.5 Reorganization Securities ......................................................................................36
6.6 Separate Grants of Security and Separate Classes .................................................36
6.7 Asset Dispositions ..................................................................................................37
6.8 Certain Waivers as to Section 1111(b)(2) of Bankruptcy Code ............................38
6.9 Avoidance Issues ...................................................................................................38
6.10 Other Bankruptcy Laws .........................................................................................38
CH\1408709.10
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