ABR Revolving Loans definition

ABR Revolving Loans means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.
ABR Revolving Loans means Revolving Credit Loans that bear interest at a rate or rates determined by reference to the Alternate Base Rate.
ABR Revolving Loans means Revolving Credit Loans or portions thereof which bear interest at the rate and in the manner set forth in Section 4.01.

Examples of ABR Revolving Loans in a sentence

  • Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • Any payment made by a Revolving Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

  • Any payment made by a Revolving Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Borrowers of their obligation to reimburse such LC Disbursement.

  • Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement.

  • The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in New York City and designated by the Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the Issuing Bank.

  • Any payment made by a Revolving Lender pursuant to this paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.


More Definitions of ABR Revolving Loans

ABR Revolving Loans or “Commitment Fee”, as the case may be, in each case based upon the Total Leverage Ratio as of the last day of the Fiscal Quarter of the Borrower most-recently ended: LIBOR Revolving Total Leverage Ratio Loans ABR Revolving Loans Commitment Fee Level 1: > 2.00:1.00 2.25% 1.50% 0.50% Level 2: 2.00% 1.00% 0.40% <2.00:1.00 and > 1.50:1.00 Level 3: 1.75% 0.50% 0.30% <1.50:1.00 For purposes of the foregoing, (a) the Applicable Margin shall be determined as of the end of each Fiscal Quarter based upon the Compliance Certificate delivered by the Borrower pursuant to Section 5.01(d) and the related annual or quarterly consolidated financial statements and (b) each change in the Applicable Margin resulting from a change in the Total Leverage Ratio shall be effective during the period commencing on and including the date which is five Business Days after the delivery to the Administrative Agent of the Compliance Certificate and the related consolidated financial statements indicating such change and ending on the date immediately preceding the effective date of the next such change; provided that (i) until the date which is five Business Days after the delivery to the Administrative Agent of a Compliance Certificate and the related consolidated financial statements with respect to the first full Fiscal Quarter ending after the Effective Date, the “Applicable Margin” shall be the applicable rate per annum set forth above in Xxxxx 0, and (ii) if the Borrower fails to deliver any Compliance Certificate required to be delivered by it pursuant to Section 5.01(d) and/or the related consolidated financial statements, the “Applicable Margin” shall, at the option of the Administrative Agent or at the request of the Required Lenders, be the applicable rate per annum set forth above in Level 1 during the period from the expiration of the time for delivery of such Compliance Certificate or consolidated financial statements until the same are delivered to the Administrative Agent.
ABR Revolving Loans means any Revolving Loan bearing interest at a rate determined by reference tothe Alternate Base Rate in accordance with the provisions of Article II ..“Accepting Revolving Lenders ” has the meaning assigned to such term in Section 2.22(a) ..“Accepting Term Lenders ” has the meaning assigned to such term in Section 2.22(c) ..“Additional Collateral ” has the meaning assigned to such term in Section 5.11 ..“Additional Refinancing Lender ” shall mean, at any time, any bank, financial institution or otherinstitutional lender or investor that agrees to provide any portion of Credit Agreement Refinancing Indebtednesspursuant to a Refinancing Amendment in accordance withSection 2.25 ;provided that each Additional RefinancingLender shall be subject to the approval of (i) the Administrative Agent, such approval not to be unreasonablywithheld or delayed, to the extent that each such Additional Refinancing Lender is not then an existing Lender, anAffiliate of a then existing Lender or an Approved Fund, (ii) each Issuing Bank, such approval not to beunreasonably withheld or delayed, to the extent that the Credit Agreement Refinancing Indebtedness to be providedby such Additional Refinancing Lender is in the form of Refinancing Revolving Commitments, (iii) the SwinglineLender, such approval not to be unreasonably withheld or delayed, to the extent that the Credit AgreementRefinancing Indebtedness to be provided by such Additional Refinancing Lender is in the form of RefinancingRevolving Commitments and (iv) the Borrower.“Adjusted LIBO Rate ” means, with respect to any Eurodollar Borrowing for any Interest Period, an interestrate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such InterestPeriod multiplied by (b) the Statutory Reserve Rate. Notwithstanding anything to the contrary herein in no eventshall the Adjusted LIBO Rate be deemed to be less than (i) 0.0% per annum, in the case of the Revolving Loans and (ii) 0.75% per annum, in the case of the Term B-1 Loans. “Adjusted Term SOFR” means, for purposes of any calculation, the rate per annum equal to (a) Term SOFR for such calculation plus (b) the Term SOFR Adjustment; provided that if Adjusted Term SOFR as so determined shall ever be less than the Floor, then Adjusted Term SOFR shall be deemed to be the Floor. 141683210_5 163765871_6 22-31184-1 C1.1 P23
ABR Revolving Loans. “LIBOR/EURIBOR Term Loans” or “ABR Term Loans”, as the case may be, determined by reference to the numerically lower of (a) the Pricing Category corresponding to the Applicable Ratings in effect at such time and (b) the Pricing Category corresponding to the Leverage Ratio as of the end of the most recent fiscal quarter of the Company for which financial statements of the Company shall have been delivered pursuant to Section 5.01(a) or 5.01(b); provided that, for purposes of determining the Applicable Rate:
ABR Revolving Loans means any ABL Facility Loan denominated in Dollars and bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.
ABR Revolving Loans means Revolving Loans having a rate of interest based upon the ABR.

Related to ABR Revolving Loans