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 Prime Rate changes.

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 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.

Examples of ABR Rate in a sentence

• Any change in the interest rate on a Loan resulting from a change in the ABR Rate or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective.

• If and so long as such Advance is an ABR Advance and subject to clause (3) below, at a rate per annum equal at all times to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter in each Financial Year; and (ii) when such ABR Advance becomes due and payable in full pursuant to the provisions hereof.

• Each ABR Advance shall bear interest on the outstanding principal amount thereof, for each day from and including the date such Advance is made or is converted from a LIBOR Advance into a ABR Advance pursuant to Section 2.11 to but excluding the date it becomes due or is converted into a LIBOR Advance pursuant to Section 2.11 hereof, at a rate per annum equal to the ABR Rate for such day.

• Any automatic conversion to Base Rate Loans or ABR Rate Loan, as applicable, shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans.

• At any time that ABR Rate Loans are outstanding, Yen Funding Agent shall notify each applicable Yen Borrower and Yen Lenders of any change in Yen Funding Agent’s “prime rate” used in determining the ABR Rate for Yen Committed Loans denominated in Yen promptly following the public announcement of such change.

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, 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 - 1808964.02A-NYCSR03A - MSWLEGAL_1:80104430.16 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 (i) an Advance made by a Lender on the occasion of any Borrowing; (ii) the creation and issue of Documentary Credits by a Documentary Credit Lender; and (iii) the making of a Swing Line Advance by a Swing Line Lender (each of which is a “Type” of Accommodation). “Accommodation Notice” means a Borrowing Notice or an Interest Rate Election Notice, as the case may be. “Accommodations Outstanding” means, at any time, (a) in relation to (a) all Revolving Credit Borrowers and all Revolving Credit Lenders, the amount of all Accommodations outstanding thereunder at such time made to the Revolving Credit Borrowers by the Revolving Credit Lenders, and (b) each Revolving Credit Borrower and each Revolving Credit Lender, the amount of all Accommodations outstanding at such time made to such Revolving Credit Borrower by such Revolving Credit Lender under its Revolving Credit Commitment; (b) in respect of Documentary Credits, in relation to all Revolving Credit Borrowers and all Documentary Credit Lenders, the Face Amount of all Documentary Credits outstanding at such time issued by each Documentary Credit Lender to any of the Borrowers (and, for greater certainty, including any Existing Documentary Credits that remain outstanding); and (c)...

ABR Rate means for any day, (i) the Alternate Base Rate for such day, plus (ii) the Pricing Spread.

ABR Rate means, for any day, a rate per annum equal to the greater of the following:

ABR Rate means a fluctuating interest rate per annum in effect on any date of determination equal to the greater of (a) 3.00% per annum and (b) the highest of (i) the Federal Funds Rate plus 1/2 of 1%, (ii) the LIBOR Rate for an Interest Period of one month plus 1% , (iii) the Three-Month CD Rate plus 1/2 of 1% and (iv) the rate of interest announced publicly by Citibank, N.A. in New York, New York, from time to time, as Citibank, N.A.’s prime rate. The “prime rate” is a rate set by Citibank, N.A. based upon various factors, including Citibank, N.A.’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by Citibank, N.A. shall take effect at the opening of business on the day specified in the public announcement of such change.

ABR Rate means, with respect to an ABR Borrowing, the sum of (a) the Alternate Base Rate, plus (b) the ABR Applicable Margin.