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 Article II.
ABR Loan means any ABR Term Loan or ABR Revolving Loan.

Examples of ABR Loan in a sentence

  • In the event that Xxxxxxxx fails to select the Type of Loan within the time period and otherwise as provided in this Section 4.05, such Loan (if outstanding as a LIBOR Loan) will be automatically converted into an ABR Loan on the last day of the then current Interest Period for such Loan or (if outstanding as an ABR Loan) will remain as, or (if not then outstanding) will be made as, an ABR Loan.

  • Borrower shall give Administrative Agent notice of each borrowing hereunder as provided in Section 4.05 in the form of a Notice of Borrowing; provided that, in the case of a borrowing of ABR Loans requested to be made on a same day basis, Borrower shall deliver the Notice of Borrowing no later than 1:00 p.m., New York time, on the day of such proposed ABR Loan (which day shall be a Business Day).

  • The “Type” of a Loan refers to whether such Loan is an ABR Loan or a LIBOR Loan, each of which constitutes a Type.


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 any Standby Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.
ABR Loan means each Loan bearing interest at the rate provided in Section 2.8(a).
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 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 a Loan that bears interest as provided in Section 3.05(b)(i).