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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 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.
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ABR Advances the Term 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.
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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.

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

  • ABR Advances shall continue as ABR Advances unless and until such ABR Advances are converted into LIBOR Advances.


More Definitions of ABR Advances

ABR Advances the Revolving Credit 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.
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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.
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ABR Advances means Advances the rate of interest applicable to which is based upon the Alternate Base Rate.
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ABR Advances. $________ Eurodollar Advances $________ Item 3. Amount of Assigned Commitment $________
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ABR Advances. Advances the rate of interest applicable to which is based upon the ABR.
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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:
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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": Price Waterhouse LLP (or any successor thereto), or such other firm of certified public accountants of recognized national standing selected by the Borrower. "Accumulated Funding Deficiency": as defined in Section 302 of ERISA. "Acquisition": the acquisition by the Borrower or any Subsidiary of the Borrower of 50% or more of the capital Stock of or other equity interests in another Person (such that, after giving effect thereto, such Person shall qualify as a Subsidiary of the Borrower) or assets of another Person, which Person is in an ESRD-Related Business or which assets have been and are to be used in an ESRD-Related Business. "Advance": an ABR Advance or a Eurodollar Advance, as the case may be. "Affected Advance": as defined in Section 2.11. "Affected Principal Amount": in the event that (i) the Borrower shall fail for any reason to borrow, convert or continue after it shall have notified the Administrative Agent of its intent to do so in any instance in which it shall have requested a Eurodollar Advance, an amount equal to the principal amount of such Eurodollar Advance; (ii) the Borrower shall fail for any reason to borrow a Swing Line Loan after it shall have agreed to a Negotiated Rate with respect thereto in accordance with Section 2.3, an amount equal to the principal amount of such Swing Line Loan; (iii) a Eurodollar Advance or Swing Line Loan bearing interest at a Negotiated Rate shall terminate for any reason prior to the last day of the Interest Period applicable thereto, an amount equal to the principal amount of such Eurodollar Advance or Swing Line Loan, as the case may be; and (iv) the Borrower shall prepay or repay all or any part of the principal amount of a Eurodollar Advance or Swing Line Loan bearing interest at a Negotiated Rate prior to the last day of the Interest Period applicable thereto, an amount equal to the principal amount of such Eurodollar Advance or Swing Line Loan, as the case may be, so prepaid or repaid. "Affiliate": as to any Person, any other Person that, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, control of a Person shall mean the power, direct or indirect, (i) to vote 20% or more of the securities or other interests having...
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