ABR Period Election definition

ABR Period Election means an election to have the Effective Rate for any Period calculated by reference to the ABR, rather than by reference to LIBOR or a Fixed Rate. NAI may (subject to the limitations and qualifications set forth in this definition) make any Period after the first Construction Period subject to an ABR Period Election by a notice given to BNPPLC in the form attached as Annex 1 at least five Business Days prior to the commencement of such Period. After an ABR Period Election becomes effective, it will remain in effect for all subsequent Periods until the Fixed Rate Lock Date for any Fixed Rate Lock or a different election is made in accordance with the provisions of this definition and the definition of LIBOR Period Election. In no event will changes in any ABR Period Election or LIBOR Period Election become effective except upon the commencement of a new Period. (For purposes of the Operative Documents, an ABR Period Election for any Period will also be considered in effect on the Effective Date, Advance Date, Base Rent Commencement Date or Base Rent Date upon which such Period begins.)
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ABR Period Election means an election to have the Effective Rate for any Base Rent Period calculated by reference to the ABR, rather than by reference to LIBOR or a Fixed Rate. NAI may (subject to the limitations and qualifications set forth in this definition) make any Base Rent Period after the first Base Rent Period subject to an ABR Period Election by a notice given to BNPPLC in the form attached as Annex 1 at least five Business Days prior to the commencement of such period. After an ABR Period Election becomes effective, it will remain in effect for all subsequent Base Rent Periods until the Fixed Rate Lock Date for any Fixed Rate Lock or a different election is made in accordance with the provisions of this definition and the definition of LIBOR Period Election. In no event will changes in any ABR Period Election or LIBOR Period Election become effective except upon the commencement of a new Base Rent Period. (For purposes of the Operative Documents, an ABR Period Election for any Base Rent Period will also be considered in effect on the Effective Date or Base Rent Date upon which such period begins.)
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ABR Period Election means an election to have the Effective Rate for any Construction Period or Base Rent Period calculated by reference to the ABR, rather than by reference to LIBOR or a Fixed Rate. The first Construction Period will be subject to an ABR Period Election, and NAI may (subject to the limitations and qualifications set forth in this definition) make any subsequent Construction Period or Base Rent Period subject to an ABR Period Election by a notice given to BNPPLC in the form attached as Annex 1 at least five Business Days prior to the commencement of such Construction Period or Base Rent Period. After an ABR Period Election becomes effective, it will remain in effect for all subsequent Construction Periods or Base Rent Periods until the Fixed Rate Lock Date for any Fixed Rate Lock or a different election is made in accordance with the provisions of this definition and the definitions of LIBOR Period Election. In no event will changes in any ABR Period Election or LIBOR Period Election become effective except upon the commencement of a new Construction Period or Base Rent Period. (For purposes of the Operative Documents, a Base Rent Period Election for any Construction Period or Base Rent Period will also be considered in effect on the Advance Date, Base Rent Commencement Date or Base Rent Date upon which such period begins.)
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Examples of ABR Period Election in a sentence

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Common Definitions and Provisions Agreement, all subsequent Construction Periods or Base Rent Periods will also be subject to an ABR Period Election.

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Amended and Restated Common Definitions and Provisions Agreement (RTP Data Center), all subsequent Periods will also be subject to an ABR Period Election.

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Amended and Restated Common Definitions and Provisions Agreement (Building 8), all subsequent Periods will also be subject to an ABR Period Election.

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Common Definitions and Provisions Agreement (1299 Orleans), all subsequent Base Rent Periods will also be subject to an ABR Period Election.

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Common Definitions and Provisions Agreement (Building 9), all subsequent Periods will also be subject to an ABR Period Election.

  • No Fiduciary Relationship Intended 41 Annex 1 ABR Period Election Form Annex 2 Fixed Rate Lock Notice Form Annex 3 LIBOR Period Election Form Annex 4 Minimum Insurance Requirements Annex 5 Participation Agreement Form This COMMON DEFINITIONS AND PROVISIONS AGREEMENT (this “Agreement”), dated as of December 15, 2005 (the “Effective Date”), is made by and between BNP PARIBAS LEASING CORPORATION (“BNPPLC”), a Delaware corporation, and NETWORK APPLIANCE, INC.

  • No Fiduciary Relationship Intended 42 Annex 23 ABR Period Election Form Annex 24 Fixed Rate Lock Notice Form Annex 25 LIBOR Period Election Form Annex 26 Minimum Insurance Requirements Annex 27 Participation Agreement Form This COMMON DEFINITIONS AND PROVISIONS AGREEMENT (this “Agreement”), dated as of July 17, 2007 (the “Effective Date”), is made by and between BNP PARIBAS LEASING CORPORATION (“BNPPLC”), a Delaware corporation, and NETWORK APPLIANCE, INC.

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Amended and Restated Common Definitions and Provisions Agreement (Building 7), all subsequent Periods will also be subject to an ABR Period Election.

  • We understand that until a different election becomes effective as provided in definitions of “ABR Period Election” and “LIBOR Period Election” in the Common Definitions and Provisions Agreement (Mxxxxxx Business Center), all subsequent Base Rent Periods will also be subject to an ABR Period Election.

Related to ABR Period Election

  • Qualified Election Period means the six Plan Year period beginning with the Plan Year in which the Participant first becomes a Qualified Participant.

  • Election Period means the period immediately preceding the beginning of each Plan Year established by the Administrator, such period to be applied on a uniform and nondiscriminatory basis for all Employees and Participants. However, an Employee's initial Election Period shall be determined pursuant to Section 5.1.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Election Date has the meaning specified in Section 312(h).

  • Regular primary election means the election on the fourth Tuesday of June of