Examples of ABR Revolving Credit Loan in a sentence
Such notice shall be irrevocable and shall in each case specify (i) whether the Revolving Credit Loan then being requested is to be a Eurodollar Revolving Credit Loan or an ABR Revolving Credit Loan, (ii) the date of such Revolving Credit Loan (which shall be a Business Day) and the amount thereof; and (iii) in the case of a Eurodollar Revolving Credit Loan, the Interest Period with respect thereto.
In order to request a Revolving Credit Loan, the relevant Borrower shall hand deliver or telecopy to the Administrative Agent a Revolving Credit Borrowing Request in the form of Exhibit B-4 (a) in the case of a Eurodollar Revolving Credit Loan, not later than 11:00 a.m., New York City time, three Business Days before a proposed borrowing and (b) in the case of an ABR Revolving Credit Loan, not later than 11:00 a.m., New York City time, on the day of a proposed borrowing.
The Borrower shall repay the then-unpaid principal amount of each Swing Line Loan on the earlier to occur of (i) the date that is 10 Business Days after the date such Swing Line Loan is made (it being understood and agreed that such repayment shall be deemed to have occurred upon the deemed making of an ABR Revolving Credit Loan by the Revolving Credit Lenders pursuant to Section 2.05(c)(i)) and (ii) the Revolver Maturity Date.
The Administrative Agent shall remit the funds so received to the Swing Line Lender, whereupon each Revolving Credit Lender that so makes funds available shall be deemed to have made an ABR Revolving Credit Loan to the Borrower in such amount.
In order to request a Revolving Credit Loan, Westinghouse shall hand deliver or telecopy to the Administrative Agent a Revolving Credit Borrowing Request in the form of Exhibit B-4 (a) in the case of a Eurodollar Revolving Credit Loan, not later than 11:00 a.m., New York City time, three Business Days before a proposed borrowing and (b) in the case of an ABR Revolving Credit Loan, not later than 11:00 a.m., New York City time, on the day of a proposed borrowing.
In order to request a Revolving Credit Loan, Westinghouse shall hand deliver or telecopy to the Administrative Agent a Revolving Credit Borrowing Request in the form of Exhibit B-7 (a) in the case of a Eurodollar Revolving Credit Loan, not later than 10:30 a.m., New York City time, three Business Days before a proposed borrowing and (b) in the case of an ABR Revolving Credit Loan, not later than 10:30 a.m., New York City time, on the day of a proposed borrowing.
All interest hereunder shall be computed on the basis of a year of 360 days (or 365/366 days, in the case of an ABR Revolving Credit Loan or Swing Line Loan), unless such computation would exceed the Highest Lawful Rate, in which case interest shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day).