ABR Applicable Margin definition

ABR Applicable Margin means, as of any date, the Applicable Margin in effect on such date with respect to Floating Rate Advances and Floating Rate Loans.

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ABR Applicable Margin means, as of any date, the Applicable Margin used to determine the Floating Rate as determined from time to time in accordance with the definition of “Applicable Margin”.

ABR Applicable Margin means, as of any date, the Applicable Margin in effect on such date with respect to ABR Advances and ABR Loans.

Examples of ABR Applicable Margin in a sentence

If a rating agency upgrade results in a decrease in the ABR Applicable Margin, LIBOR Applicable Margin or Facility Fee Rate and if such upgrade is reversed and the affected Applicable Margin is restored within ninety (90) days thereafter, Borrower shall be required to pay an amount to the Lenders equal to the interest differential on the Advances and the differential on the Facility Fees during such period of upgrade.
If a rating agency upgrade results in decrease in the ABR Applicable Margin or the LIBOR Applicable Margin or in the Facility Fee Rate and if such upgrade is reversed and the affected Applicable Margin or Facility Fee Rate is restored within ninety (90) days thereafter, Borrower shall be required to pay an amount to the Lenders equal to the interest differential on the Borrowings and the differential on the Facility Fees during such period of upgrade.
If a rating agency upgrade results in decrease in the ABR Applicable Margin or the LIBOR Applicable Margin or in the Facility Fee Rate and if such upgrade is reversed and the affected Applicable Margin or Facility Fee Rate is restored within ninety (90) days thereafter, Borrower shall be required to pay an amount to the Lenders equal to the interest differential on the Advances and the differential on the Facility Fees during such period of upgrade.
If a rating agency downgrade or discontinuance results in an increase in the ABR Applicable Margin or the LIBOR Applicable Margin and if such increase is reversed and the affected Applicable Margin is restored within ninety (90) days thereafter, at Borrower’s request, Borrower shall receive a credit against interest next due the Lenders equal to interest accrued at the differential between such Applicable Margins accruing from time to time during such period of downgrade or discontinuance.
The ABR Applicable Margin and the LIBOR Applicable Margin to be used in calculating the interest rate applicable to different Types of Advances shall vary from time to time in accordance with the long-term unsecured debt ratings from ▇▇▇▇▇’▇, and Fitch of the General Partner and the Borrower.

More Definitions of ABR Applicable Margin

ABR Applicable Margin means, as of any date with respect to any Adjusted Alternate Base Rate Advance, the Applicable Margin in effect for such Adjusted Alternate Base Rate Advance as determined in accordance with Section 2.6 hereof.

ABR Applicable Margin the ABR Applicable Margin will be determined pursuant to the Pricing Grid.

ABR Applicable Margin means two percent (2.00%) per annum.

ABR Applicable Margin means zero.

ABR Applicable Margin means, as of any date with respect to any Floating Rate Advance, the applicable per annum amount then in effect pursuant to Section 2.3 hereof.

ABR Applicable Margin means the ABR Applicable Margin set forth in Section 2.3 used in calculating the interest rate applicable to Floating Rate Advances which shall vary from time to time in accordance with the Leverage Ratio as provided therein.

ABR Applicable Margin means one and one-half percent (1.50%) per annum.