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Exhibit 10.2 NewPage - Executed ABL Agreement

Exhibit 10.2 NewPage - Executed ABL Agreement

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owe all or a material portion of the accounts to make payments to the Revolving<br />

Loan Agent or its agents, the initiation of any action to take possession of all or<br />

any material portion of the Revolving Loan Priority Collateral or the<br />

commencement of any legal proceedings or actions against or with respect to all<br />

or any material portion of the Revolving Loan Priority Collateral);<br />

(ii) will not contest, protest or object to any foreclosure action or<br />

proceeding brought by Revolving Loan Agent or any other Revolving Loan Secured<br />

Party, or any other enforcement or exercise by any Revolving Loan Secured Party of any<br />

rights or remedies relating solely to any Revolving Loan Priority Collateral, so long as<br />

the Liens of Term Loan Agent in such Revolving Loan Priority Collateral attach to the<br />

Proceeds thereof subject to the relative priorities set forth in Section 2.1 and such actions<br />

or proceedings are being pursued in good faith;<br />

(iii) will not object to the forbearance by Revolving Loan Agent<br />

or the other Revolving Loan Secured Parties from commencing or pursuing any<br />

foreclosure action or proceeding or any other enforcement or exercise of any rights or<br />

remedies with respect to any of the Revolving Loan Priority Collateral;<br />

(iv) will not, so long as the Discharge of Revolving Loan Debt<br />

has not occurred and except for actions otherwise permitted (x) in accordance with<br />

Section 3.1(a)(i)(D) (but subject to the provisions of Sections 4.1 and 4.2) or, (y) in<br />

accordance with Section 6.4 but not in violation of any provision of this <strong>Agreement</strong>, take<br />

or receive any Revolving Loan Priority Collateral, or any Proceeds thereof or payment<br />

with respect thereto, in connection with the exercise of any right or remedy (including<br />

any right of setoff) with respect to any Revolving Loan Priority Collateral (it being<br />

understood and agreed that payments made by any Grantor in respect of the Term Loan<br />

Debt with proceeds of loans or advances under the Revolving Loan Documents or, so<br />

long as the Revolving Loan Secured Parties or Term Loan Secured Parties have not<br />

commenced enforcement of their liens, payments made by any Grantor in respect of the<br />

Term Loan Debt in the ordinary course of business with proceeds of Revolving Loan<br />

Priority Collateral shall not constitute a breach of this Section 3.1(a)(iv));<br />

(v) agrees that no covenant, agreement or restriction contained in<br />

any Term Loan Document shall be deemed to restrict in any way the rights and remedies<br />

of Revolving Loan Agent or the other Revolving Loan Secured Parties with respect to the<br />

Revolving Loan Priority Collateral as set forth in this <strong>Agreement</strong> and the Revolving Loan<br />

Documents;<br />

(vi) will not object to the manner in which Revolving Loan Agent<br />

or any other Revolving Loan Secured Party may seek to enforce or collect the Revolving<br />

Loan Debt or the Liens of such Revolving Loan Secured Party on any Revolving Loan<br />

Priority Collateral to the extent not in violation of this <strong>Agreement</strong>, regardless of whether<br />

any action or failure to act by or on behalf of Revolving Loan Agent or any other<br />

Revolving Loan Secured Party is, or could be, adverse to the interests of the Term Loan<br />

Secured Parties, and will not assert, and hereby waive, to the fullest extent permitted by<br />

law, any right to demand, request, plead or otherwise assert or claim the benefit of any<br />

CH\1408709.10<br />

14

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