ABR Borrowing definition

ABR Borrowing means a Borrowing comprised of ABR Loans.
ABR Borrowing means a Borrowing comprised of ABR Loans. “ABR Loan” shall mean any ABR Term Loan or ABR Revolving Loan.
ABR Borrowing when used in reference to any Loan or Borrowing, refers to such Loan, or the Loans comprising such Borrowing, bearing interest at a rate determined by reference to the Alternate Base Rate.

Examples of ABR Borrowing in a sentence

  • The Loans constituting each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

  • Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by (i) in the case of any Loan (other than an ABR Borrowing), 11:00 a.m. New York City time, and (ii) in the case of any Loan that is an ABR Borrowing, 1:00 p.m. New York City time, in each case, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders.

  • Each Term Benchmark Borrowing and RFR Borrowing shall be in an aggregate amount of $1,000,000 or a larger multiple of $1,000,000, and each ABR Borrowing shall be in an aggregate amount of $1,000,000 or a larger multiple of $100,000; provided that an ABR Borrowing of a Class may be in an aggregate amount that is equal to the entire unused balance of the total Commitments of such Class.


More Definitions of ABR Borrowing

ABR Borrowing means a Borrowing comprised of ABR Loans. "ABR Loan" shall mean any Loan bearing interest at a rate
ABR Borrowing a Borrowing of ABR Loans.
ABR Borrowing means a Borrowing consisting of one or more Alternate Base Rate Loans.
ABR Borrowing means any Borrowing at the Alternate Base Rate.
ABR Borrowing has the meaning set forth in the definition of “Borrowing”.
ABR Borrowing means a Borrowing comprised of ABR
ABR Borrowing means, as to any Borrowing, the ABR Loans comprising such Borrowing. “ABR Loan” means a Loan that bears interest based on the ABR.