22.09.2015 Views

Exhibit 10.2 NewPage - Executed ABL Agreement

Exhibit 10.2 NewPage - Executed ABL Agreement

Exhibit 10.2 NewPage - Executed ABL Agreement

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

(ii) increase the “Applicable Margin” or similar component of<br />

the interest rate by more than three percent (3.00%) per annum (excluding increases<br />

resulting from the accrual of interest at the default rate or changes in the underlying rate)<br />

or increase the amount, or frequency of payment, of any recurring fees provided for in the<br />

Revolving Loan <strong>Agreement</strong>;<br />

(iii) shorten the scheduled maturity of the Revolving Loan Debt<br />

or any refinancing thereof;<br />

(iv) modify (or have the effect of a modification of) the terms of<br />

payment, including the mandatory prepayment provisions of the Revolving Loan<br />

<strong>Agreement</strong> in a manner that increases the amount or frequency of any of such payments,<br />

or requires additional mandatory prepayments or limits the rights of Grantors with respect<br />

thereto; or<br />

(v)<br />

contravene the provisions of this <strong>Agreement</strong>.<br />

For the avoidance of doubt, the provisions of this Section 10.4 shall not apply to<br />

any Revolving Loan DIP Financing, which shall be exclusively governed by Section 6.<br />

10.5 Amendments to Term Loan Documents. The Term Loan Documents may<br />

be amended, supplemented or otherwise modified in accordance with their terms and the Term<br />

Loan <strong>Agreement</strong> may be refinanced, in each case, without notice to, or the consent of the<br />

Revolving Loan Agent, all without affecting the lien subordination or other provisions set forth<br />

in this <strong>Agreement</strong> (even if any right of subrogation or other right or remedy of Revolving Loan<br />

Agent or any other Revolving Loan Secured Party is affected, impaired or extinguished thereby);<br />

provided, that,<br />

(a) in the case of a refinancing of the Term Loan Debt, the Term Loan<br />

Agent on behalf of the Term Loan Secured Parties binds itself in a writing addressed to the<br />

Revolving Loan Agent to the terms of this <strong>Agreement</strong>, and<br />

(b) without the prior written consent of the Revolving Loan Agent,<br />

any such amendment, supplement, modification or refinancing shall not:<br />

(i) increase the maximum principal amount of the aggregate<br />

commitments or aggregate outstanding principal amount of loans or letters of credit<br />

included in the Term Loan Debt to an amount greater than the amount thereof permitted<br />

under the Revolving Loan Documents as in effect on the Closing Date;<br />

(ii) increase the “Applicable Margin” or similar component of<br />

the interest rate by more than three percent (3.00%) per annum (excluding increases<br />

resulting from the accrual of interest at the default rate or changes in the underlying rate)<br />

or increase the amount, or frequency of payment, of any recurring fees provided for in the<br />

Term Loan <strong>Agreement</strong>;<br />

CH\1408709.10<br />

48

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!