BBR Loan definition

BBR Loan means any Revolving Loan which bears interest at a rate determined by reference to the BB Rate. BBR Loans may be denominated only in Australian Dollars.
View Source
BBR Loan means any Revolving Loan which bears interest at a rate determined by reference to the BB Rate. BBR Loans may be denominated only in Australian
View Source

Examples of BBR Loan in a sentence

  • Each Lender may, if it so elects, fulfill its commitment as to any Eurocurrency Loan, CDOR Loan or BBR Loan by causing a foreign branch or Affiliate of such Lender to make such Loan; provided that in such event for the purposes of this Agreement such Loan shall be deemed to have been made by such Lender and the obligation of the Company to repay such Loan shall nevertheless be to such Lender and shall be deemed held by it, to the extent of such Loan, for the account of such branch or Affiliate.

  • The Administrative Agent, on behalf of each Lender, shall record in its records, the date and amount of each Loan made by each Lender, each repayment or conversion thereof and, in the case of each LIBOR, EURIBOR, CDOR and BBR Loan, the dates on which each Interest Period for such Loan shall begin and end.