Exhibit 10.2 NewPage - Executed ABL Agreement

expiration of the time for delivery thereof until one Business Day after such Borrowing Base
Certificate is delivered.
“Approved Fund” has the meaning assigned to such term in Section 10.04.
“Arrangers” means each of J.P. Morgan Securities LLC, Goldman Sachs Lending
Partners LLC, Wells Fargo Bank, National Association and Barclays Bank PLC
“Asset Sale” means a sale, lease or sub-lease (as lessor or sublessor), sale and leaseback,
assignment, conveyance, exclusive license (as licensor or sublicensor), transfer or other
disposition to, or any exchange of property with, any Person (other than Holdings, Borrower or
any Guarantor Subsidiary), in one transaction or a series of transactions, of all or any part of
Holdings’ or any of its Subsidiaries’ businesses, assets or properties of any kind, whether real,
personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired,
leased or licensed, including the Equity Interests of any of Holdings’ Subsidiaries, other than (i)
Inventory (or other assets) sold, leased or licensed out in the ordinary course of business
(excluding any such sales, leases or licenses out by operations or divisions discontinued or to be
discontinued), (ii) sales, leases or licenses out of obsolete, worn out or surplus assets, (iii) the
unwinding of any Hedge Agreement, (iv) the lapse of or abandonment in the ordinary course of
business of any registrations or applications for registration of any Intellectual Property that are
immaterial to the business of the Credit Parties and their respective Subsidiaries, taken as a
whole, (v) dispositions of accounts receivable in connection with the collection or compromise
thereof other than in connection with a financing transaction, (vi) sales, leases or licenses out of
other assets for aggregate consideration of less than $15,000,000 in the aggregate during any
Fiscal Year, and (vii) the issuance or sale of Equity Interests in, or Indebtedness or other
securities of, an Unrestricted Subsidiary.
“Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by
Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other
form approved by the Administrative Agent.
“Authorized Officer” means, as applied to any Person, any individual holding the
position of chairman of the board (if an officer), chief executive officer, president, vice president
(or the equivalent thereof), chief financial officer, chief accounting officer or treasurer of such
Person; provided that the secretary or assistant secretary of such Person shall have delivered an
incumbency certificate to Administrative Agent as to the authority of such Authorized Officer.
“Availability” means, at any time, an amount equal to (a) the lesser of (i) the aggregate
Commitments and (ii) the Borrowing Base minus (b) the Aggregate Revolving Exposure.
“Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination in full of the
Commitments.
“Available Commitment” means, at any time, with respect to any Lender, the aggregate
Commitments of such Lender minus the Revolving Exposure (calculated, with respect to any
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