Existing ABR Borrowings definition

Existing ABR Borrowings means all ABR Borrowings advanced under the Original Credit Agreement, the First Restated Credit Agreement or the Prior Credit Agreement and outstanding on the Closing Date.

Examples of Existing ABR Borrowings in a sentence

  • Any Existing ABR Borrowing outstanding on the Closing Date shall be deemed to be refinanced on the Closing Date with a new ABR Borrowing, bearing interest as provided in this Agreement, and such new Borrowing shall be deemed to be advanced under this Agreement to repay such Existing ABR Borrowings.

  • Borrower will use the proceeds of the Revolving Loans on and after the Closing Date to refinance the Existing ABR Borrowings, finance any Permitted Loan Funded Acquisition and for general corporate purposes.

Related to Existing ABR Borrowings