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.