CBR Rate definition

CBR Rate means, for any day, a rate per annum equal to (i) the Corporate Base Rate for such day plus (ii) CBR Applicable Margin for such day, in each case changing when and as the Corporate Base Rate changes.
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CBR Rate means, for any day, a rate per annum equal to (i) the Corporate Base Rate in effect on such day, plus (ii) the CBR Applicable Margin.
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Examples of CBR Rate in a sentence

  • Each CBR Advance or part thereof shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to Section 2.12 to but excluding the date it becomes due or is converted into a LIBOR Advance pursuant to Section 2.12 hereof, at a rate per annum equal to the CBR Rate for such day.

  • Each CBR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to SECTION 2.10 to but excluding the date it is paid or is converted into a LIBOR Advance pursuant to SECTION 2.10 hereof, at a rate per annum equal to the CBR Rate for such day.

  • Each CBR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to SECTION 2.11 to but excluding the date it becomes due or is converted into a LIBOR Advance pursuant to SECTION 2.11 hereof, at a rate per annum equal to the CBR Rate for such day.

  • Each Advance (other than Term Loan Advances which shall be governed by the provisions of Article III) shall bear interest from the Funding Date of such Advance to the date of repayment at a rate per annum equal to the CBR Rate and interest on the amount of such outstanding Advances shall be payable on the first day of each month and on the date an Advance is repaid.

  • Each CBR Advance shall bear interest ----------------------------- on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to Section 2.10 to but excluding the date it becomes due or is ------------ converted into a LIBOR Advance pursuant to Section 2.10 hereof, at a rate per ------------ annum equal to the CBR Rate for such day.

  • Each CBR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to Section 2.10 to but excluding the date it becomes due or is converted into a LIBOR Advance pursuant to Section 2.10 hereof, at a rate per annum equal to the CBR Rate for such day.

  • If such Lender does not make such payment upon the Administrative Agent's demand therefor, the Administrative Agent shall promptly notify the Reimbursement Obligor, and the Reimbursement Obligor shall immediately pay such amount to the Administrative Agent together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Administrative Agent until the date the Administrative Agent recovers such amount at the CBR Rate.

  • Each CBR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a CBR Advance pursuant to SECTION 3.2 to but excluding the date it is paid or is converted into a LIBOR Advance pursuant to SECTION 3.2 hereof, at a rate per annum equal to the CBR Rate for such day.