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, 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 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.

• The Administrative Agent shall advise each Lender of the details thereof and of the amount of the Loan to be made as part of the requested Borrowing (x) in the case of any ABR Rate Borrowing or Canadian Prime Rate Borrowing, on the same Business Day of receipt of a Borrowing Request in accordance with this Section 2.03 or (y) in the case of any LIBO Rate Borrowing or BA Rate Borrowing, no later than one Business Day following receipt of a Borrowing Request in accordance with this Section 2.03.

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 highest of (i) Prime Rate, (ii) the secondary market rate for three-month certificates of deposit (adjusted for statutory reserve requirements) in effect on such day plus 1% per annum, and (iii) Federal Funds Effective Rate in effect on such day plus 0.5% per annum.

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

ABR Rate as of any date of determination, a rate of interest calculated in accordance with the following schedule: DEBT TO EQUITY RATIO ON THE IMMEDIATELY PRECEDING DEBT TO EQUITY RATIO RESET DATE ABR RATE Greater than or equal to 4.00 Alternate Base Rate PLUS .75 % Greater than or equal to 3.00 but less than Alternate Base Rate PLUS .50% 4.00 Greater than or equal to 2.00 but less than Alternate Base Rate plus .25 % 3.00 Greater than or equal to 1.00 but less than Alternate Base Rate minus .25 % 2.00 Less than 1.00 Alternate Base Rate minus .75 % ; PROVIDED, however, that if such date of determination is a Debt to Equity Ratio Reset Date, then the calculation of such rate of interest shall be based upon the Debt to Equity Ratio on such date of determination.

ABR Rate means (a) with respect to the Canadian Committed Loans in Canadian Dollars, for any day, the greater of (i) the CDOR Rate plus one-half of one percent (0.5%), and (ii) the Canadian Dollar Prime Rate, and (b) with respect to Yen Committed Loans in Yen, the Japanese Prime Rate.