ABR Advance definition

ABR Advance means an Advance which bears interest at the Alternate Base Rate.
ABR Advance means a Revolving Credit Advance that 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.

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.

  • In such event, such ABR Advance shall be automatically continued as an ABR Advance or such Eurodollar Advance shall be automatically Converted to an ABR Advance on the last day of the Interest Period applicable to such Eurodollar Advance.

  • Each such notice shall specify (i) the aggregate amount requested to be borrowed under the Commitments, (ii) the proposed Borrowing Date, (iii) whether a borrowing of Revolving Credit Loans is to be made as an ABR Advance, one or more Eurodollar Advances, or both, and the amount of each thereof, and (iv) the Eurodollar Interest Period for each such Eurodollar Advance.

  • Each Conversion shall be effected by each Lender by applying the proceeds of each new ABR Advance or Eurodollar Advance, as the case may be, to the existing Advance (or portion thereof) being Converted (it being understood that such Conversion shall not constitute a borrowing for purposes of Sections 4, 5 or 6).

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


More Definitions of ABR Advance

ABR Advance means an Advance which bears interest at the ABR Rate.
ABR Advance means an Advance which, except as otherwise provided in Section 2.9, bears interest at the Alternate Base Rate.
ABR Advance means an Advance consisting of ABR Loans.
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 has the meaning specified in the definition of “Advance” herein.
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 at the ABR.