ABR Loan definition

ABR Loan means any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.
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ABR Loan means any ABR Term Loan or ABR Revolving Loan.
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ABR Loan means a Loan that bears interest based on the ABR.
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Examples of ABR Loan in a sentence

  • Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a SOFR Borrowing, or any request for conversion to SOFR Loans, to be made or converted during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any request for a borrowing of or conversion to a SOFR Loan into a request for a borrowing of or conversion to an ABR Loan.

  • Furthermore, if any SOFR Loan is outstanding on the date of the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to Daily Simple SOFR, then until such time as a Benchmark Replacement is implemented pursuant to this Section 2.14, any SOFR Loan shall on the next Business Day convert to, and shall constitute, an ABR Loan.

  • Each ABR Loan and each Index Rate Loan shall be denominated in Dollars and each Pro-Rata Borrowing shall be constituted entirely of ABR Loans, of Index Rate Loans or of Term Benchmark Loans denominated in Dollars.


More Definitions of ABR Loan

ABR Loan means each Loan bearing interest based on the ABR.
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ABR Loan means each Loan bearing interest at the rate provided in Section 2.8(a) and, in any event, shall include all Swingline Loans.
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ABR Loan means any Loan when and to the extent that the interest rate therefor is determined by reference to the Alternate Base Rate.
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ABR Loan means any Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Section 2.
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ABR Loan means a Loan bearing interest at a rate determined by reference to the Alternate Base Rate.
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ABR Loan means each Revolving Credit Loan bearing interest at the rate provided in Section 2.8(a).
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ABR Loan means any Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.
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