ABR Term Borrowing definition

ABR Term Borrowing means a Borrowing comprised of ABR Term Loans.
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ABR Term Borrowing means a Borrowing comprised of ABR Term Loans. "ABR Term Loan" shall mean any Term Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II. "Acquisition" shall mean the purchase by Oak, pursuant to the Stock Purchase Agreement, of 100 percent of the issued and outstanding shares of the capital stock of Lasertron for a gross purchase price no greater than $112,000,000. "Adjusted LIBO Rate" shall mean, with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/16 of 1 percent) equal to the product of (a) the LIBO Rate in effect for such Interest Period and (b)
Sample 1
ABR Term Borrowing means a Borrowing comprised of ABR Term Loans. "ABR Term Loan" means any Term Loan bearing interest at a rate
Sample 1

Examples of ABR Term Borrowing in a sentence

  • The Loans comprising each ABR Term Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Term Rate.

  • The Term Loans comprising each ABR Term Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate for ABR Term Loans.

  • Borrowers shall notify the Administrative Agent by written notice of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Term Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of prepayment, and (ii) in the case of prepayment of an ABR Term Borrowing, not later than 11:00 a.m., New York City time, on the date of prepayment.

  • If an Interest Election Request with respect to a Eurodollar Term Borrowing is not timely delivered prior to the end of the Interest Period applicable thereto, then, unless such Eurodollar Term Borrowing is repaid as provided herein, at the end of such Interest Period such Eurodollar Term Borrowing shall be converted to an ABR Term Borrowing.

  • Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing, the Term Loan Administrative Agent or the Required Lenders may require, by notice to the relevant Borrower, that (i) no outstanding Term Borrowing may be converted to or continued as a Eurodollar Term Borrowing and (ii) unless repaid, each Eurodollar Term Borrowing shall be converted to an ABR Term Borrowing at the end of the Interest Period applicable thereto.

  • To request a Term Borrowing, Borrowers shall notify the Administrative Agent of such request by telephone (promptly confirmed by telecopy) (i) in the case of a Eurodollar Term Borrowing, not later than 12:00 noon, New York City time, three Business Days before the date of the proposed Term Borrowing and (ii) in the case of an ABR Term Borrowing, not later than 12:00 noon, New York City time, on the Business Day of the proposed Term Borrowing.

  • Subject to the provisions of Section 2.06(c), the Loans comprising each ABR Term Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin in effect from time to time.

  • The Term Loans comprising each ABR Term Borrowing shall bear interest at the Alternate Base Rate plus 2.75%, but in no event to exceed the Highest Lawful Rate.

  • The Initial Term A Loans comprising each ABR Term Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Margin for ABR Initial Term A Loans.

  • The Borrowers shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Term Borrowing, not later than 12:00 noon, New York City time three (3) Business Days before the date of prepayment, and (ii) in the case of prepayment of an ABR Term Borrowing, not later than 12:00 noon, New York City time, one Business Day before the date of prepayment.


More Definitions of ABR Term Borrowing

ABR Term Borrowing means a Borrowing comprised of ABR Term Loans. ------------------
Sample 1
ABR Term Borrowing means a Borrowing comprised of ABR Term Loans. "ABR Term Loan" shall mean any Term Loan bearing interest at a rate
Sample 1
ABR Term Borrowing means a Borrowing comprised of ABR Term
Sample 1

Related to ABR Term Borrowing

  • Term Borrowing means a borrowing consisting of Term Loans of the same Type and the same Class and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders of the applicable Class under this Agreement.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term SOFR Borrowing means, as to any Borrowing, the Term SOFR Loans comprising such Borrowing.

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • ABR Borrowing means a Borrowing comprised of ABR Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Initial Revolving Borrowing means one or more borrowings of Dollar Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date in an amount not to exceed the aggregate amounts specified or referred to in the definition of “Permitted Initial Revolving Borrowing Purposes.”

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.