ABR Borrowings Sample Clauses
The ABR Borrowings clause defines the terms under which a borrower can obtain loans based on the Alternate Base Rate (ABR), typically a variable interest rate calculated using a benchmark such as the U.S. prime rate or federal funds rate. This clause outlines how ABR loans are requested, the interest calculation method, and any specific conditions or limitations that apply to such borrowings. By specifying these details, the clause provides flexibility for borrowers to access funds at a rate that may fluctuate with market conditions, and ensures both parties understand the mechanics and risks associated with ABR-based lending.
ABR Borrowings. The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate.
ABR Borrowings. The Loans comprising each ABR Borrowing -------------- (including each Swingline Loan comprised of an ABR Borrowing in accordance with Section 2.02(b)) shall bear interest at the Alternate Base Rate plus the Applicable Rate.
ABR Borrowings. Subject to Section 10.13, the Revolving Loans comprising each ABR Borrowing (excluding each Swingline Loan) and the Foreign Currency Loans which have been converted to ABR Borrowings pursuant to Section 2.01(c) shall bear interest at the Alternate Base Rate plus the Applicable Rate.
ABR Borrowings. The Loans comprising each ABR Borrowing (other than Swingline Loans, as to which paragraph (c) of this Section shall apply) shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.
ABR Borrowings. 31 (b) Eurodollar Borrowing.........................................................................31 (c)
ABR Borrowings. Prior to the date which is 120 days after the Effective Date, the Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. On and after the date which is 120 days after the Effective Date all Loans shall bear interest at a fixed rate per annum equal to the greatest of (a) the bid-side yield on the Borrower's 7 3/4% Senior Notes due 2013, as determined by the Administrative Agent, (b) the Adjusted LIBO Rate plus 6.000% and (c) the Alternate Base Rate plus 5.000%, each as measured on the date that is 119 days after the Effective Date.
ABR Borrowings. All Loans shall at all times constitute ABR Borrowings unless properly designated or redesignated as LIBOR Borrowings PURSUANT TO SECTION 2.3 OR 2.4 OR AS A SWING LINE ADVANCE PURSUANT TO SECTION 2.1(H). Each request by the Company for a new ABR Borrowing (except for Swing Line Advances) shall be made pursuant to a Request for Borrowing received by the Administrative Agent, at the Administrative Agent's office, not later than 9:30 a.m., Chicago time, on the date the proposed ABR Borrowing is to be funded to the Company. The Administrative Agent will promptly notify each Bank of its receipt of a Request for Borrowing in accordance with SECTION 2.1(F).
ABR Borrowings. The making of an Overadvance on any one occasion shall not obligate the Administrative Agent to make any Overadvance on any other occasion. The authority of the Administrative Agent to make Overadvances is limited to an aggregate amount not to exceed the greater of $3,000,000 and 10% of the sum of the Aggregate Revolving Exposure and Unfunded Commitments at such time at any time, no Overadvance may remain outstanding beyond the date on which the Administrative Agent makes demand for repayment thereof, and no Overadvance shall cause any Revolving Lender’s Revolving Exposure to exceed its Revolving Commitment; provided that, the Required Lenders may at any time revoke the Administrative Agent’s authorization to make Overadvances. Any such revocation must be in writing and shall become effective prospectively upon the Administrative Agent’s receipt thereof.
ABR Borrowings. The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate. CREDIT AGREEMENT, Page 30 007751-0138-14324-Active.18411811 #86414519v6