ABR Term Loan definition

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

ABR Term Loan means any ABR Term B-1 Loan or any ABR Term B-2 Loan.

Examples of ABR Term Loan in a sentence

• At the time that each ABR Term Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000; provided that an ABR Term Loan Borrowing may be in an aggregate amount that is equal to the entire unused balance of the total Term Loan Commitments.

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

• Each repayment of Term Loan Borrowings shall be applied to repay any outstanding ABR Term Loan Borrowings first, and then to outstanding Eurodollar Term Loan Borrowings in the order of the remaining duration of their respective Interest Periods (the Borrowing with the shortest remaining Interest Period to be repaid first).

• To request a Term Borrowing, the Borrower shall notify the Administrative Agent of such request (as provided in Section 9.01) in writing by providing a Borrowing Request in the form of Exhibit C hereto (a) in the case of a Eurocurrency Borrowing, not later than such time as the Administrative Agent and Lead Arrangers shall agree, (b) in the case of an ABR Term Loan Borrowing, not later than such time as the Administrative Agent and Lead Arrangers shall agree.

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

More Definitions of ABR Term Loan

ABR Term Loan shall have corresponding meanings. All ABR Loans shall be denominated in Dollars.

ABR Term Loan means a Term Loan that is an ABR Loan.

ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the Alternate Base Rate plus the Applicable Percentage 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 Alternate Base Rate in accordance with the provisions of Article II. "Acquisition" shall mean the purchase by the Borrower, 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)

ABR Term Loan appearing in Section 1.01 of the Credit Agreement is hereby amended by deleting the text “any B Term Loan” appearing therein and inserting the text “any Term Loan” in lieu thereof.

ABR Term Loan below under the caption "Term Loan," and (b) any Commitment Fee, the applicable rate per annum set forth below under the caption "Commitment Fee," in each case based upon the long-term debt ratings by Xxxxx'x and S&P, respectively, applicable on such date to the Index Debt: -------------------------------------------------------------------------------- Long-term Debt Rating Commitment (S&P/Xxxxx'x) Term Loan Fee -------------------------------------------------------------------------------- Eurodollar Term ABR Term Loan Loan -------------------------------------------------------------------------------- Level I 55 bps 0 bps 8 bps A/A2 -------------------------------------------------------------------------------- Level II 70 bps O bps 10 bps A-/A3 -------------------------------------------------------------------------------- Level III 80 bps 0 bps 12.5 bps BBB+/Baal -------------------------------------------------------------------------------- Level IV 100 bps 0 bps 15 bps BBB/Baa2 -------------------------------------------------------------------------------- Level V 125 bps 25 bps 20 bps BBB-/Baa3 -------------------------------------------------------------------------------- Level VI 175 bps 75 bps 25 bps Less than Level V -------------------------------------------------------------------------------- provided that, (A) for purposes of the foregoing, in the event the Index Debt receives a split rating from Xxxxx'x and S&P, the applicable level shall be (1) the level with the higher of such ratings in the event such ratings are one level apart, (2) the level at midpoint (if any) in the event such ratings are two or more levels apart and (3) the higher of the two intermediate ratings in the event there is no midpoint rating; (B) if at any time the Index Debt is rated at or above either of the long term debt ratings by Xxxxx'x or S&P set forth in Level I above, the Applicable Rate as set forth in Level I will apply; (C) if at any time the Index Debt is rated below both the Xxxxx'x and S&P ratings set out in Level V above or has a rating in effect with neither Xxxxx'x nor S&P (other than by reason of the circumstances referred to in the last sentence of this definition), the Applicable Rate as set forth in Level VI will apply; (D) if at any time either Xxxxx'x or S&P shall not have in effect a rating for the Index Debt, the Applicable Rate shall be determined solely by the rating for the Index Debt established by the rating agency that does have ...

ABR Term Loan means a Term Loan bearing interest based upon the Alternate Base Rate.