ABR Advances definition

ABR Advances the Loans (or any portions thereof) at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.
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ABR Advances the Revolving Credit Loans (or any portions thereof) at such time as they (or such portions) are made or are being maintained at a rate of interest based upon the Alternate Base Rate.
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ABR Advances the Revolving Credit Loans or the Term Loan, as the case may be, (or any portions thereof) at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.
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Examples of ABR Advances in a sentence

  • During the first 90 days after disbursement, ABR Advances shall bear interest at a fluctuating rate per annum equal at all times to the Alternate Base Rate plus the Applicable Spread.

  • The Administrative Agent shall promptly notify the Borrower when the circumstances giving rise to such notice no longer exist, and upon receipt of such notice the Borrower may elect to convert such ABR Advances to LIBOR Advances.

  • Commencing on the 91st day after disbursement, ABR Advances shall bear interest at a fluctuating rate per annum equal at all times to the Alternate Base Rate, plus the Applicable Spread, plus 25 basis points.

  • Until the Lender notifies Borrower that the circumstances giving rise to the suspension described herein no longer exist (which Lender agrees to give as soon as conditions warrant), the obligations of the Lender to make or permit portions of the Loans to remain outstanding past the last day of the then current Interest Periods as Eurodollar Advances, shall be suspended, and such affected Advances shall bear the same interest as ABR Advances.

  • Interest on (i) ABR Advances, to the extent based on ---------- the BNY Rate, shall be calculated on the basis of a 365 or 366-day year (as the case may be) and (ii) ABR Advances, to the extent based on the Federal Funds Rate, and Eurodollar Advances shall be calculated on the basis of a 360-day year, in each case for the actual number of days elapsed, including the first day but excluding the last.


More Definitions of ABR Advances

ABR Advances means the Revolving Loans (or any portions thereof), at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.
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ABR Advances the Swing Line Loans and the Revolving Credit Loans (or any portions thereof), at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.
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ABR Advances the Term Loans (or any portions thereof) at such time ------------ as they (or such portions) are made and/or being maintained in Dollars at a rate of interest based upon the Alternate Base Rate.
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ABR Advances means Advances the rate of interest applicable to which is based upon the Alternate Base Rate.
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ABR Advances. Revolving Credit ABR Advances and Term Loan ABR Advances.
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ABR Advances. $________ Eurodollar Advances $________ Item 3. Amount of Assigned Commitment $________
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ABR Advances the Revolving Credit Loans (or any portions thereof) at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate. "Accountants": PricewaterhouseCoopers, L.L.P. (or any successor thereto), or such other firm of certified public accountants of recognized national standing selected by the Borrower. "Administrative Agent": BNY, in its capacity as administrative agent for the Lenders hereunder. "Administrative Questionnaire": an Administrative Questionnaire in a form supplied by the Administrative Agent. "Advance": with respect to a Revolving Credit Loan, an ABR Advance or a Eurodollar Advance, as the case may be. "Affected Advance": as defined in Section 2.9. "Affiliate": with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, controls or is controlled by or is under common control with the Person specified. "Agents": collectively, the Administrative Agent, the Syndication Agent, the Documentation Agent, the Managing Agent and the Co-Agents. "Aggregate Commitments": on any date, the sum of all Commitments on such date. The initial amount of the Aggregate Commitments on the Agreement Date is $107,000,000. "Agreement": this 364-Day Credit Agreement. "Agreement Date": the first date appearing in this Agreement. "Alternate Base Rate": on any date, a rate of interest per annum equal to the higher of (i) the Federal Funds Rate in effect on such date plus 1/2 of 1% or (ii) the BNY Rate in effect on such date. "Applicable Facility Fee Percentage": with respect to the amount of the Aggregate Commitments, at all times during which the applicable Pricing Level set forth below is in effect, the percentage set forth below next to such Pricing Level, subject to the provisos set forth below: Pricing Level Applicable Facility Fee Percentage Pricing Level I 0.0800% Pricing Level II 0.1000% Pricing Level III 0.1250% Pricing Level IV 0.1500% Pricing Level V 0.2000%
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