ABR Rate definition
ABR Rate means, for any day, a rate per annum equal to (i) the Alternate Base Rate for such day plus (ii) ABR Applicable Margin for such day, in each case changing when and as the Alternate Base Rate changes.
ABR Rate means the greater of (a) the Japanese Prime Rate and (b) the Daily Floating Yen Eurocurrency Rate. If at any time any rate described above is not available, then the applicable ABR Rate shall be determined by reference to the rate or rates, as applicable, that are available.
ABR Rate means, on any day, the greater of (i) the Prime Rate, (ii) the Federal Funds Rate plus 0.50% per annum and (iii) one month Eurodollar Rate plus 1.00% per annum. The corporate base rate is not necessarily the lowest rate charged by the Lender acting as the Administrative Agent to its customers.
Examples of ABR Rate in a sentence
Pricing Level Consolidated First Lien Net Leverage Ratio Level ABR Rate: Initial Term B Loans I Less than or equal to 2.20:1.00.
More Definitions of ABR Rate
ABR Rate means, as selected by the Lessee (on behalf of the Owner Trustee), the Reference Rate or the CD Rate; provided, if the Agent gives the Owner Trustee and the Lessee notice that the CD Rate cannot be determined or is unlawful or that any Lender or Holder is unable to match funds with respect to any CD Loan or the CD Holder Advance, as the case may be, then the ABR Rate shall be the Reference Rate until the Interest Period, Payment Period or any other period of time at which amounts are to bear interest at the ABR Rate, as the case may be, commencing immediately following the date on which the CD Rate can be determined, is lawful and is capable of being match funded by the Lenders and the Holders (if the CD Rate is elected at such time by the Lessee (on behalf of the Owner Trustee)).
ABR Rate means, for any day, a rate per annum equal to the greater of the following:
ABR Rate means, on any day, the greater of (i) the rate of interest established by the Administrative Agent from time to time as its prime commercial lending rate for such day for borrowings in U.S. Dollars, changing effective on the date of announcement of said corporate base rate changes, (ii) the Federal Funds Rate plus 0.50% per annum and (iii) one month Eurodollar Rate plus 1.00% per annum. The corporate base rate is not necessarily the lowest rate charged by the Lender acting as the Administrative Agent to its customers.
ABR Rate means, on any day, the greater of (i) the Prime Rate, (ii) the Federal Funds Rate plus 0.50% per annum and (iii) one month Eurodollar Rate plus 1.00% per annum. The corporate base rate is not necessarily the lowest rate charged by the Lender acting as the Administrative Agent to its customers. “ABR Advance” has the meaning specified in the definition of “Advance” herein. “ABR Rate” means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate (which, if negative, shall be deemed to be 0%) on such day plus ½ of 1%, (b) the Prime Rate on such day and (c) Adjusted Term SOFR on such day (or if - 2 - LEGAL_1:80104424.8 such day is not a Business Day the next previous Business Day) for an Interest Period of one month plus 1.00%. If the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Rate for any reason, the ABR Rate shall be determined without regard to clause (a) above until the circumstances giving rise to such inability no longer exist. “ABR Rate Term SOFR Determination Day” has the meaning assigned to such term in the definition of “Term SOFR”. “Accommodation” means an Advance made by a Lender on the occasion of any Borrowing. “Accommodation Notice” means a Borrowing Notice or an Interest Rate Election Notice, as the case may be. “Accommodations Outstanding” means, at any time, in relation to (a) the Borrower and all Term Loan Lenders, the principal amount of all Accommodations outstanding at such time made to the Borrower, and (b) the Borrower and each Term Loan Lender, the principal amount of all Accommodations outstanding at such time made by such Term Loan Lender under its Term Loan Commitment. “Acquisition” means any transaction, or any series of related transactions, consummated after the Closing Date, by which any Loan Party directly or indirectly, by means of a take-over bid, tender offer, amalgamation, merger, purchase of Assets, or similar transaction having the same effect as any of the foregoing, (a) acquires any business or all or substantially all of the assets of any Person engaged in any business, (b) acquires control of securities of a Person engaged in a business representing more than 50% of the ordinary voting power for the election of directors or other governing body if the business affairs of such Person are managed by a board of directors or other governing body, or (c) acquires control of m...
ABR Rate means for any day, (i) the Alternate Base Rate for such day, plus (ii) the Pricing Spread.
ABR Rate means (a) with respect to the Canadian Committed Loans in Canadian Dollars, for any day, the greatest of (i) the CDOR Rate plus one-half of one percent (0.5%), (ii) the Canadian Dollar Prime Rate, and (iii) the Daily Floating Eurocurrency Rate, and (b) with respect to Yen Committed Loans in Yen, the greater of (i) the Japanese Prime Rate, and (ii) the Daily Floating Yen Eurocurrency Rate. If at any time any rate described above is not available, then the applicable ABR Rate shall be determined by reference to the rate or rates, as applicable, that are available.
ABR Rate. “Eurodollar Rate” and “Commitment Fee Rate”, shall have the meanings assigned thereto in the definition of “Applicable Rate”.