ABR Interest definition

ABR Interest shall have the meaning set forth in Section 2.08(a).
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Examples of ABR Interest in a sentence

  • Any and all interest paid “in-kind” pursuant to any PIK Election so added to the principal amount of any Term Loan shall constitute and increase the principal amount of such Term Loans for all purposes under this Agreement on the applicable ABR Interest Payment Date or SOFR Interest Payment Date pursuant to Section 2.08(d).

  • The Administrative Agent has confirmed that the Required ABR Interest Amount and the Required LIBOR Interest Amount have been calculated in accordance with, and fully satisfy, the requirements of this Escrow Agreement and the Credit Agreement.

  • Interest shall be paid in the currency of the relevant Interim Loan and shall accrue from day to day and be calculated on the basis of the actual number of days elapsed and a 360 day year provided that where the relevant Funding Cost in relation to such Interim Loan is ABR, Interest shall be calculated on the basis of the actual number of days elapsed and a 365/366 day year.

  • Notwithstanding anything herein to the contrary, interest on each Term Loan that is payable in kind resulting from a PIK Election shall be due and payable in arrears on each ABR Interest Payment Date or SOFR Interest Payment Date (as applicable) and added to the outstanding principal amount of the applicable Term Loan on such date applicable thereto.

  • At the time that each ABR Interest Period is selected, such Interest Period shall be in an aggregate amount that is an integral multiple of U.S.$500,000 and not less than U.S.$500,000, as applicable (including any continuation or conversion of existing Interest Periods).

  • Interest on each ABR Loan shall be payable monthly in arrears on each Distribution Date and at maturity (each, an "ABR Interest Payment Date") for the period from and including the immediately preceding ABR Interest Payment Date to but excluding such later ABR Interest Payment Date; provided, however, that interest accruing pursuant to paragraph (c) of this Section 2.13 shall be payable on demand.

  • For purposes of this Agreement, Interest Periods may be classified and referred to by Type (e.g., a "Eurocurrency Interest Period" or "ABR Interest Period").

Related to ABR Interest

  • Class UT-R Interest The residual interest in the Upper-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Class LT-R Interest The residual interest in the Lower-Tier REMIC as described in the Preliminary Statement and the related footnote thereto.

  • Lower Tier Interest As described in the Preliminary Statement.

  • L/C Interest shall have the meaning ascribed to such term in Section 3.6 hereof.

  • Uncertificated Lower-Tier Interest A regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and is entitled to monthly distributions as provided in Section 5.02(a) hereof. Any of the Class 1-L Interest, Class 1-LS Interest, Class 2-L Interest, Class 2-LS Interest, Class 3-L Interest, Class 3-LS Interest, Class 4-L Interest and Class 4-LS Interest are Uncertificated Lower-Tier Interests.

  • Water interest means any right to the beneficial use of water, including:

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • Class X Interest The regular interest in the Class X REMIC represented by the Class X Certificates as specified and described in the Preliminary Statement and the related footnote thereto.

  • Class P Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class P Certificates, evidencing a Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class A Interest Each of the Class A-1 and Class A-2 Interests.

  • Class LD Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class LB Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class A Percentage Interest means, with respect to a Class A Member as of a given date, that percentage obtained by dividing the total number of Class A Units owned by such Member by the total number of Class A Units issued and outstanding.

  • Subsidiary REMIC Regular Interest Any one of the "regular interests" in the Subsidiary REMIC described in the Preliminary Statement.

  • Class LC Uncertificated Interest An uncertificated regular interest in the Lower-Tier REMIC which is held as an asset of the Upper-Tier REMIC and having the Original Lower-Tier Principal Amount and per annum rate of interest set forth in the Preliminary Statement hereto.

  • Class IO Interest An uncertificated interest in the Trust Fund held by the Trustee, evidencing a REMIC Regular Interest in REMIC III for purposes of the REMIC Provisions.

  • Class R-IV Interest The uncertificated Residual Interest in REMIC IV.

  • Class C Percentage Interest As of any date of determination, with respect to the Class C Certificates, a percentage interest equal to a fraction, the numerator of which is the Class Principal Balance of the Class C Certificates on such date, and the denominator of which is the Class Principal Balance of the Class C Regular Interest on such date.

  • Class C Interest An uncertificated interest in the Trust Fund held by the Trustee on behalf of the Holders of the Class C Certificates, evidencing a Regular Interest in REMIC 3 for purposes of the REMIC Provisions.

  • Class E Interest Rate means 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class R-I Interest The uncertificated Residual Interest in REMIC I.

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Uncertificated Lower-Tier Interests Any of the Class LA1, Class LA2, Class LA3, Class LA4, Class LA5, Class LASB, Class LAS, Class LB, Class LC, Class LD, Class LE, Class LF and Class LNR Uncertificated Interests.

  • Default Rate Interest is defined in Section 3.1(b)(ix) of this Agreement.

  • Lower Tier REMIC Regular Interest As specified in the Preliminary Statement.

  • Periodic Interest means, with respect to any Payment Date, the periodic interest for such Payment Date as specified in the Series Supplement.