ABR Advance definition

ABR Advance means an Advance which bears interest at the Alternate Base Rate.

ABR Advance means a Liquidity Advance that bears interest at a rate determined by reference to the Alternate Base Rate.

ABR Advance means an Advance consisting of ABR Loans.

Examples of ABR Advance in a sentence

• Each ABR Advance made on each Borrowing Date shall equal no less than $5,000,000 or an integral multiple of $500,000 in excess thereof.

• Changes in the rate of interest on that portion of any Advance maintained as an ABR Advance will take effect simultaneously with each change in the Alternate Base Rate.

• If the Borrower fails to give timely notice in connection with a request for a Eurodollar Advance, the Borrower shall be deemed to have elected that such Advance shall be made as an ABR Advance.

• Interest accrued on that portion of the outstanding principal amount of any ABR Advance converted into a Eurodollar Advance on a day other than a Payment Date shall be payable on the date of conversion.

• Each Eurodollar Advance shall continue as a Eurodollar Advance until the end of the then applicable Interest Period therefor, at which time such Eurodollar Advance shall be automatically converted into an ABR Advance unless the Borrower shall have given the Agent a Conversion/Continuation Notice requesting that, at the end of such Interest Period, such Eurodollar Advance continue as a Eurodollar Advance for the same or another Interest Period.

More Definitions of ABR Advance

ABR Advance has the meaning specified in the definition of “Advance” herein.

ABR Advance means, with respect to any Advance, such Advance when such Advance bears or is to bear interest at a rate based upon the ABR.

ABR Advance means any Advance bearing interest at a rate determined by reference to the Alternate Base Rate as defined herein.

ABR Advance means an Advance which bears interest as provided in Section 2.09(a).

ABR Advance means an Advance in respect of which the Company has selected in accordance with Section 2(e)(i) hereof, or this Agreement otherwise provides for, interest to be computed on the basis of the Alternate Base Rate.

ABR Advance any Advance bearing interest at the Adjusted ABR.

ABR Advance means an Advance which bears interest determined by reference to the Alternate Base Rate. “ABR Loan” means a Loan, or portion thereof, which bears interest at the Alternate Base Rate.