Examples of ABR Advances in a sentence
During the first 90 days after disbursement, ABR Advances shall bear interest at a fluctuating rate per annum equal at all times to the Alternate Base Rate plus the Applicable Spread.
The Administrative Agent shall promptly notify the Borrower when the circumstances giving rise to such notice no longer exist, and upon receipt of such notice the Borrower may elect to convert such ABR Advances to LIBOR Advances.
Commencing on the 91st day after disbursement, ABR Advances shall bear interest at a fluctuating rate per annum equal at all times to the Alternate Base Rate, plus the Applicable Spread, plus 25 basis points.
Until the Lender notifies Borrower that the circumstances giving rise to the suspension described herein no longer exist (which Lender agrees to give as soon as conditions warrant), the obligations of the Lender to make or permit portions of the Loans to remain outstanding past the last day of the then current Interest Periods as Eurodollar Advances, shall be suspended, and such affected Advances shall bear the same interest as ABR Advances.
Interest on (i) ABR Advances, to the extent based on ---------- the BNY Rate, shall be calculated on the basis of a 365 or 366-day year (as the case may be) and (ii) ABR Advances, to the extent based on the Federal Funds Rate, and Eurodollar Advances shall be calculated on the basis of a 360-day year, in each case for the actual number of days elapsed, including the first day but excluding the last.