ABR Loans definition

Examples of ABR Loans in a sentence

• On or after the occurrence of an Event of Default, all principal payments in respect of Loans shall be applied, first, to repay outstanding ABR Loans, then to repay outstanding Term Benchmark Loans, and then to repay outstanding RFR Loans, with those that have the earlier expiring Interest Period being repaid prior to those that have later expiring Interest Periods.

• The Loans may from time to time be RFR Loans, Term Benchmark Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.

• Subject to Section 2.13, each Syndicated Borrowing of a Class shall be constituted entirely of ABR Loans or of Eurocurrency Loans or SOFR Loans of such Class denominated in a single Currency as the Borrower may request in accordance herewith.

• If such ▇▇▇▇▇▇’s share of such borrowing is not made available to the Administrative Agent by such Lender within three (3) Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans, on demand, from the Borrower.

• Each Lender will make the amount of its pro rata share of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to (i) 12:00 Noon, New York City time, in the case of Term Benchmark Loans, (ii) 4:00 P.M., New York City time, in the case of ABR Loans and (iii) 3:00 P.M. New York City time, in the case of RFR Loans, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent.