ABR Loans only Sample Clauses
The 'ABR Loans only' clause restricts borrowing under a loan agreement to loans that bear interest at the Alternate Base Rate (ABR), rather than other available interest rate options such as LIBOR or SOFR. In practice, this means that all advances made to the borrower will accrue interest based on the ABR, which typically fluctuates with a reference rate like the U.S. prime rate or federal funds rate. This clause is often used to simplify interest calculations and reduce the lender's exposure to risks associated with fluctuating or unavailable benchmark rates, ensuring predictability and administrative ease in managing the loan.
ABR Loans only. The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the Revolving Termination Date. The Swingline Lender shall not make a Swingline Loan during the period commencing at the time it has received notice (by telephone or in writing) from the Administrative Agent at the request of any Lender, acting in good faith, that one or more of the applicable conditions specified in Section 5.2 (other than Section 5.2(c)) is not then satisfied and has had a reasonable opportunity to react to such notice and ending when such conditions are satisfied or duly waived.
ABR Loans only. The Borrower shall repay to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the Revolving Termination Date.