Exhibit 10.2 NewPage - Executed ABL Agreement

“Standby LC Exposure” means, at any time, the sum of (a) the aggregate undrawn
amount of all outstanding standby Letters of Credit plus (b) the aggregate amount of all LC
Disbursements relating to standby Letters of Credit that have not yet been reimbursed by or on
behalf of the Borrower. The Standby LC Exposure of any Lender at any time shall be its
Applicable Percentage of the aggregate Standby LC Exposure.
“Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of
the maximum reserve percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board of Governors to which the
Administrative Agent is subject with respect to the Adjusted LIBO Rate, for eurocurrency
funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such
reserve percentages shall include those imposed pursuant to such Regulation D. Eurodollar
Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve
requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable
regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective
date of any change in any reserve percentage.
“Subordinated Indebtedness” means (i) Permitted Second Priority Refinancing Debt and
(ii) other Indebtedness of Borrower and its Subsidiaries that is subordinated to the Obligations on
terms reasonably satisfactory to the Administrative Agent and that meets the Permitted Junior
Debt Conditions.
“subsidiary” means, with respect to any Person, any corporation, partnership, limited
liability company, association, joint venture or other business entity of which more than 50% of
the total voting power of shares of stock or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to
direct or cause the direction of the management and policies thereof is at the time owned or
controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that
Person or a combination thereof; provided, in determining the percentage of ownership interests
of any Person controlled by another Person, no ownership interest in the nature of a “qualifying
share” of the former Person shall be deemed to be outstanding.
“Subsidiary” means, unless the context otherwise requires, a Restricted Subsidiary of
Borrower (or, if so indicated, of Holdings or any other Credit Party).
“Supermajority Lenders” means, at any time, Lenders (other than Defaulting Lenders)
having Revolving Exposure and unused Commitments representing at least 66⅔% of the sum of
the Aggregate Revolving Exposure and unused Commitments.
“Swingline Exposure” means, at any time, the principal amount of all outstanding
Swingline Loans. The Swingline Exposure of any Lender at any time shall be its Applicable
Percentage of the aggregate Swingline Exposure.
CH\1416587.18
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