Common use of ABR Advances Clause in Contracts

ABR Advances. If and so long as such Advance is an ABR Advance and subject to clause (3) below, at a rate per annum equal at all times to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter in each Financial Year; and (ii) when such ABR Advance becomes due and payable in full pursuant to the provisions hereof.

Appears in 7 contracts

Samples: Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp), Credit Agreement (Open Text Corp)

AutoNDA by SimpleDocs

ABR Advances. If and so long as such Advance is an ABR Advance and subject to clause (3) belowAdvance, at a rate per annum equal at all times to the ABR Alternate Base Rate in effect from time to time plus the Applicable MarginMargin in effect from time to time, calculated daily and payable quarterly in arrears (i) on the first Business Day last day of each Financial Quarter in each Financial Year; March, June, September, and (ii) when December and on the date such ABR Advance becomes due and payable shall be paid in full pursuant to the provisions hereoffull.

Appears in 2 contracts

Samples: Credit Agreement (Callon Petroleum Co), Credit Agreement (Callon Petroleum Co)

ABR Advances. If and so long as such Advance is an ABR Advance and subject to clause (35) below, at a rate per annum equal at all times to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter month in each Financial Yearyear; and (ii) when such ABR Advance becomes due and payable in full pursuant to the provisions hereof.

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

ABR Advances. If and so long as such Advance is an ABR Advance and subject to clause (3) below, at a rate per annum equal at all times to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business - 73 - 1808964.02A-NYCSR03A - MSWLEGAL_1:80104430.16 Day of each Financial Quarter in each Financial Year; and (ii) when such ABR Advance becomes due and payable in full pursuant to the provisions hereof.. (2)

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

AutoNDA by SimpleDocs

ABR Advances. If and so long During such periods as such Advance is an ABR Advance and subject to clause (3) belowAdvance, at a rate per annum equal at all times to the sum of (A) the ABR Rate in effect from time to time plus (B) the Applicable MarginMargin in effect from time to time, calculated daily and payable in arrears (i) quarterly on the first Business Day last day of each Financial Quarter in each Financial Year; March, June, September and (ii) when December during such periods and on the date such ABR Advance becomes due and payable shall be Converted or paid in full pursuant to the provisions hereof.full; and

Appears in 1 contract

Samples: Bridge Credit Agreement (Time Warner Telecom Inc)

ABR Advances. If and so long as such Advance is an ABR Advance and subject to clause (3) below, at a rate per annum equal at all times to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter in each Financial Year; and (ii) when such ABR Advance becomes due and payable in full pursuant to the provisions hereof.. (2)

Appears in 1 contract

Samples: Credit Agreement (Open Text Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!