Exhibit 10.2 NewPage - Executed ABL Agreement

y Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving
Borrowing”).
SECTION 1.03 Terms Generally. Any of the terms defined herein may, unless the
context otherwise requires, be used in the singular or the plural, depending on the reference.
References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an
Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically
provided. The use herein of the word “include” or “including”, when following any general
statement, term or matter, shall not be construed to limit such statement, term or matter to the
specific items or matters set forth immediately following such word or to similar items or
matters, whether or not non-limiting language (such as “without limitation” or “but not limited
to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer
to all other items or matters that fall within the broadest possible scope of such general
statement, term or matter. The terms lease and license shall include sub-lease and sub-license, as
applicable. Unless otherwise specifically indicated, the term “consolidated” with respect to any
Person refers to such Person consolidated with its Restricted Subsidiaries, and excludes from
such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not an
Affiliate of such Person. Unless the context requires otherwise (a) any definition of or reference
to any agreement, instrument or other document herein shall be construed as referring to such
agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be construed to
include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”,
and words of similar import, shall be construed to refer to this Agreement in its entirety and not
to any particular provision hereof, (c) any reference in any definition to the phrase “at any time”
or “for any period” shall refer to the same time or period for all calculations or determinations
within such definition, and (d) the words “asset” and “property” shall be construed to have the
same meaning and effect and to refer to any and all tangible and intangible assets and properties,
including cash, securities, accounts and contract rights.
SECTION 1.04 Accounting Terms; GAAP. Except as otherwise expressly
provided herein, all terms of an accounting or financial nature shall be construed in accordance
with GAAP, as in effect from time to time; provided that, if after the date hereof there occurs any
change in GAAP or in the application thereof on the operation of any provision hereof and the
Borrower notifies the Administrative Agent that the Borrower requests an amendment to the
definition of the term “Fixed Charge Coverage Ratio” (or any of the component terms thereof as
such component terms are used in the definition of the term “Fixed Charge Coverage Ratio”) or
to the definition of the term “Borrowing Base” (or any of the component terms thereof) to
eliminate the effect of such change in GAAP or in the application thereof (or if the
Administrative Agent notifies the Borrower that the Required Lenders request an amendment to
any such definition for such purpose), regardless of whether any such notice is given before or
after such change in GAAP or in the application thereof, then such definition shall be interpreted
on the basis of GAAP as in effect and applied immediately before such change shall have
become effective until such notice shall have been withdrawn or such definition amended in
accordance herewith (it being understood and agreed that any amendment to any such definition
to eliminate the effect of such change in GAAP pursuant to this Section 1.04 shall not be subject
to any amendment fee). In the event that historical accounting practices, systems or reserves
CH\1416587.18
47