ABR Advances definition

ABR Advances the Revolving Credit Loans (or any portions thereof) at such time as they (or such portions) are made or are being maintained at a rate of interest based upon the Alternate Base Rate.

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ABR Advances the Loans (or any portions thereof) at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate; each an “ABR Advance”.

ABR Advances means the Loans (or any portions thereof), at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.

Examples of ABR Advances in a sentence

• The Borrower acknowledges that to the extent interest payable on the Loans is based on the Alternate Base Rate, such rate is only one of the bases for computing interest on loans made by the Lenders, and by basing interest payable on ABR Advances on the Alternate Base Rate, the Lenders have not committed to charge, and the Borrower has not in any way bargained for, interest based on a lower or the lowest rate at which the Lenders may now or in the future make extensions of credit to other Persons.

• At the option of the Borrower, indicated in a Borrowing Request, Revolving Credit Loans may be made as ABR Advances or Eurodollar Advances.

• The ABR Advances shall bear interest at the Alternate Base Rate in accordance with Section 2.3(c).

• If all or any portion of any reimbursement obligation in respect of a Letter of Credit shall not be paid when due (whether at the stated maturity thereof, by acceleration or otherwise), such overdue amount shall bear interest, payable upon demand, at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin applicable to ABR Advances plus 2%, from the date of such nonpayment until paid in full (whether before or after the entry of a judgment thereon).

• The Borrower acknowledges that to the extent interest payable on ABR Advances is based on the BNY Rate, such rate is only one of the bases for computing interest on loans made by the Lenders, and by basing interest payable on ABR Advances on the BNY Rate, the Lenders have not committed to charge, and the Borrower has not in any way bargained for, interest based on a lower or the lowest rate at which the Lenders may now or in the future make loans to other borrowers.

More Definitions of ABR Advances

ABR Advances the Term Loans (or any portions thereof) at such time ------------ as they (or such portions) are made and/or being maintained in Dollars at a rate of interest based upon the Alternate Base Rate.

ABR Advances the Swing Line Loans and the Revolving Credit Loans (or any portions thereof), at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.

ABR Advances means Advances the rate of interest applicable to which is based upon the Alternate Base Rate.

ABR Advances. $________ Eurodollar Advances $________ Item 3. Amount of Assigned Commitment $________

ABR Advances means the Dollar Loans (or any portions thereof), at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate.

ABR Advances the Revolving Credit Loans (or any portions thereof) at such time as they (or such portions) are made and/or being maintained at a rate of interest based upon the Alternate Base Rate. "Accountants": PricewaterhouseCoopers, L.L.P. (or any successor thereto), or such other firm of certified public accountants of recognized national standing selected by the Borrower. "Administrative Agent": BNY, in its capacity as administrative agent for the Lenders hereunder. "Administrative Questionnaire": an Administrative Questionnaire in a form supplied by the Administrative Agent. "Advance": with respect to a Revolving Credit Loan, an ABR Advance or a Eurodollar Advance, as the case may be. "Affected Advance": as defined in Section 2.9. "Affiliate": with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, controls or is controlled by or is under common control with the Person specified. "Agents": collectively, the Administrative Agent, the Syndication Agent, the Documentation Agent, the Managing Agent and the Co-Agents. "Aggregate Commitments": on any date, the sum of all Commitments on such date. The initial amount of the Aggregate Commitments on the Agreement Date is $107,000,000. "Agreement": this 364-Day Credit Agreement. "Agreement Date": the first date appearing in this Agreement. "Alternate Base Rate": on any date, a rate of interest per annum equal to the higher of (i) the Federal Funds Rate in effect on such date plus 1/2 of 1% or (ii) the BNY Rate in effect on such date. "Applicable Facility Fee Percentage": with respect to the amount of the Aggregate Commitments, at all times during which the applicable Pricing Level set forth below is in effect, the percentage set forth below next to such Pricing Level, subject to the provisos set forth below:

ABR Advances. Advances the rate of interest applicable to which is based upon the ABR.