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Exhibit 10.2 NewPage - Executed ABL Agreement

Exhibit 10.2 NewPage - Executed ABL Agreement

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any order with respect to the use of Revolving Loan Cash Collateral or any such<br />

Revolving Loan DIP Financing), and<br />

(vii) such Revolving Loan DIP Financing or use of Revolving<br />

Loan Cash Collateral is on commercially reasonable terms, taken as a whole, based on<br />

then prevailing market conditions for such financings.<br />

(b) If any Insolvency Proceeding commences with respect to any<br />

Grantor, until the Discharge of Term Loan Debt has occurred, Revolving Loan Agent, for itself<br />

and on behalf of the other Revolving Loan Secured Parties, agrees that each Revolving Loan<br />

Secured Party will (A) raise no objection to, nor support any other Person objecting to, and will<br />

be deemed to have consented to, the use of any Term Loan Priority Collateral constituting cash<br />

collateral under Section 363 of the Bankruptcy Code, or any comparable provision of any other<br />

Bankruptcy Law (“Term Loan Cash Collateral”), or any post-petition financing under Section<br />

364 of the Bankruptcy Code, or any comparable provision of any other Bankruptcy Law,<br />

whether provided by any Term Loan Secured Party or other Person, but in each case to the extent<br />

approved for such purpose by Term Loan Agent (a “Term Loan DIP Financing”), (B) will not<br />

request or accept adequate protection or any other relief in connection with the use of such Term<br />

Loan Cash Collateral or such Term Loan DIP Financing except as set forth in Section 6.4 below,<br />

and (C) will subordinate (and will be deemed hereunder to have subordinated), and, except as<br />

otherwise permitted hereunder, will refrain from taking any action pursuant to or in respect of,<br />

the Liens of Revolving Loan Agent or any other Revolving Loan Secured Parties on the Term<br />

Loan Priority Collateral (but not the Revolving Loan Priority Collateral) to (x) the Liens on the<br />

Term Loan Priority Collateral pursuant to such Term Loan DIP Financing, (y) any adequate<br />

protection provided to the Term Loan Secured Parties and (z) any professional fee and U.S.<br />

trustee fee “carve-out” consented to in writing by Term Loan Agent to be paid prior to the<br />

Discharge of Term Loan Debt, in each case, on the same terms as the Liens of the Revolving<br />

Loan Secured Parties are subordinated to the Liens of the Term Loan Secured Parties with<br />

respect to the Term Loan Priority Collateral (and such subordination will not alter in any manner<br />

the terms of this <strong>Agreement</strong>); provided, that:<br />

(i) Term Loan Agent does not oppose or object to such use of<br />

cash collateral or Term Loan DIP Financing,<br />

(ii) the aggregate principal amount of the Term Loan DIP<br />

Financing plus the aggregate outstanding principal amount of Term Loan Debt shall not<br />

at any time exceed 110% of the aggregate principal amount of loans included in the Term<br />

Loan Debt outstanding immediately before the commencement of such Insolvency<br />

Proceeding,<br />

(iii) the Revolving Loan Secured Parties retain a Lien on the<br />

Shared Collateral (including Proceeds thereof arising after the commencement of such<br />

proceeding) with the same priority relative to the Liens on such Shared Collateral of<br />

Term Loan Agent as existed prior to the commencement of the case under the<br />

Bankruptcy Code or other Bankruptcy Law (junior in priority to the Liens securing such<br />

Term Loan DIP Financing and the existing Liens in favor of the Term Loan Agent on the<br />

Term Loan Priority Collateral but senior to the Liens of the Term Loan Agent (and the<br />

CH\1408709.10<br />

30

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