Exhibit 10.2 NewPage - Executed ABL Agreement

time minus that portion, if any, of the aggregate amount of Maximum Hedge Priority Amounts
designated for all Priority Hedge Obligations at such time that exceeds $20,000,000.
“Priority Hedge Obligations” means Designated Hedge Obligations which are designated
in a notice by the applicable Designated Hedge Provider contemplated by the definition of the
“Designated Hedge Provider” as constituting “Priority Hedge Obligations”. The aggregate
amount of all Maximum Hedge Priority Amounts that are designated for all Priority Hedge
Obligations may not exceed $40,000,000 at any time minus the aggregate amount of all
Maximum Banking Services Priority Amounts designated for all Priority Banking Services
Obligations at such time.
“Projections” has the meaning assigned to such term in Section 3.01(p).
“Protective Advance” has the meaning assigned to such term in Section 2.04.
“Public Lenders” means Lenders that do not wish to receive Non-Public Information with
respect to Holdings, its Subsidiaries or their Securities.
“Qualified IPO” means the issuance by Holdings or any direct or indirect parent company
of Holdings of its common Equity Interests (and the contribution of any proceeds of such
issuance to Borrower) in an underwritten primary public offering (other than a public offering
pursuant to a registration statement on Form S-8) pursuant to an effective registration statement
filed with the U.S. Securities and Exchange Commission (or any Governmental Authority
succeeding to any of its principal functions) in accordance with the Securities Act (whether alone
or in connection with a secondary public offering) and such Equity Interests are listed on a
nationally-recognized stock exchange in the United States.
“Real Estate Asset” means, at any time of determination, any interest (fee, leasehold or
otherwise) then owned by any Credit Party in any real property.
“Recipient” means, as applicable, (a) the Administrative Agent, (b) any Co-Collateral
Agent, (c) any Lender and (d) any Issuing Bank.
“Refinancing Indebtedness” has the meaning assigned to such term in the Term Credit
Agreement as in effect on the Effective Date.
“Register” has the meaning assigned to such term in Section 10.04.
“Regulation D” means Regulation D of the Board of Governors, as in effect from time to
time and all official rulings and interpretations thereunder or thereof.
“Regulation FD” means Regulation FD as promulgated by the U.S. Securities and
Exchange Commission under the Securities Act and Exchange Act as in effect from time to time.
“Regulation T” means Regulation T of the Board of Governors, as in effect from time to
time and all official rulings and interpretations thereunder or thereof.
CH\1416587.18
40