Example ContractsClausesabr loansVariants
ABR Loans
ABR Loans contract clause examples

#By giving a Notice of Conversion, any Specified Borrower may elect from time to time # to convert such Specified Borrower’s Committed Rate Eurocurrency Loans in Dollars to Committed Rate ABR Loans or # to convert such Specified Borrower’s Committed Rate ABR Loans to Committed Rate Eurocurrency Loans in Dollars. Upon receipt of any Notice of Conversion the Applicable Administrative Agent shall promptly notify each relevant Bank thereof. All or any part of Committed Rate Eurocurrency Loans outstanding in Dollars or Committed Rate ABR Loans may be converted as provided herein, provided

Notice of Conversion”: with respect to a Committed Rate Loan in Dollars which a Specified Borrower wishes to convert from a Eurocurrency Loan to an ABR Loan, or from an ABR Loan to a Eurocurrency Loan, as the case may be, a notice from such Borrower setting forth the amount of such Loan to be converted, the date of such conversion and, in the case of conversions of ABR Loans to Eurocurrency Loans, the length of the initial Interest Period applicable thereto. Each Notice of Conversion shall be delivered to # the Administrative Agent at its address set forth in [subsection 15.2] and shall be delivered before 12:00 Noon, New York City time, on the Business Day of the requested conversion in the case of conversions to ABR Loans, and before 12:00 Noon, New York City time, three Business Days before the requested conversion in the case of conversions to Eurocurrency Loans or # the HK Administrative Agent, if applicable, at its address set forth in [subsection 15.2] and shall be delivered before 11:00 Noon, Hong Kong time, four Business Days before the requested conversion.

#The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may from time to time be # Committed Rate Eurocurrency Loans, # in the case of Committed Rate Loans in Dollars only, Committed Rate ABR Loans or # a combination thereof, as determined by the relevant Specified Borrower and set forth in the Notice of Borrowing or Notice of Conversion with respect thereto; provided, that no Committed Rate Eurocurrency Loan shall be made after the day that is one month prior to the Termination Date.

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