ABR Loan definition

ABR Loan means any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Section 2.
ABR Loan means any ABR Term Loan or ABR Revolving Loan.
ABR Loan means any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

Examples of ABR Loan in a sentence

  • If the Borrower fails to specify a Type of Loan in a Borrowing Request, then the applicable Loans shall be made as a ABR Loan.

  • Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, at the election of the Required Lenders, (A) no outstanding Loans may be converted to or continued as Term SOFR Loans and (B) unless repaid, each then existing Term SOFR Loan shall be converted to an ABR Loan at the end of the Interest Period applicable thereto.


More Definitions of ABR Loan

ABR Loan means each Loan bearing interest based on the ABR.
ABR Loan means a Loan that bears interest based on the ABR.
ABR Loan means each Loan bearing interest at the rate provided in Section 2.8(a) and, in any event, shall include all Swingline Loans.
ABR Loan means a Loan that bears interest as provided in Section 3.05(b)(i).
ABR Loan means a Loan bearing interest at a rate determined by reference to the Alternate Base Rate.
ABR Loan means a Loan denominated in U.S. Dollars which bears interest at a rate based upon the Alternate Base Rate.
ABR Loan means any ABR Revolving Loan or U.S. Swingline Loan.