Examples of ABR Loans in a sentence
The Term Loans may from time to time be Term Benchmark Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Section 2.02 and Section 2.09..
Subject to Section 2.15, each Borrowing by the Borrower shall be comprised entirely of ABR Loans or Term Benchmark Loans as the Borrower may request in accordance herewith.
Each prepayment of a Borrowing of any Class shall be applied ratably to the Loans of such Class included in such Borrowing and (unless the Borrower shall otherwise direct) shall be made, first, to ABR Loans, and second, to Term Benchmark Loans.
Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR Borrowing of, conversion to or continuation of SOFR Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to ABR Loans.
Subject to Section 9.9, each Borrowing shall be comprised entirely of ABR Loans or of SOFR Loans as the Borrower may request in accordance herewith.