Conversion Option. At any time prior to the Facility D Maturity Date, subject to Section 8.5 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR Loan or any portion thereof outstanding under the Facility D Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ Advances, respectively.
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Sources: Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.)
Conversion Option. At any time prior to the Facility D C Maturity Date, subject to Section 8.5 8.3 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR Loan or any portion thereof outstanding under the Facility D C Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D C Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ Advances, respectively.
Appears in 2 contracts
Sources: Credit Agreement (GFL Environmental Inc.), Credit Agreement (GFL Environmental Inc.)
Conversion Option. At any time prior to the Facility D Maturity Date, subject to Section 8.5 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR LIBO Rate Loan or any portion thereof outstanding under the Facility D Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR LIBO Rate Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ LIBO Rate Advances, respectively.
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Conversion Option. At any time prior to the Facility D C Maturity Date, subject to Section 8.5 8.3 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR Loan or any portion thereof outstanding under the Facility D C Credit (each a “Converted Advance”) into another basis of funding Type of Loan in the same currency under the Facility D C Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ Advances, respectively.
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Conversion Option. At any time prior to the Facility D Maturity Date, subject to Section 8.5 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR Loan or any portion thereof outstanding under the Facility D Credit (each a “Converted Advance”) into another basis of funding Type of Loan in the same currency under the Facility D Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ Advances, respectively.
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Conversion Option. At any time prior to the Facility D C Maturity Date, subject to Section 8.5 8.3 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR LIBO Rate Loan or any portion thereof outstanding under the Facility D C Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D C Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR LIBO Rate Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ LIBO Rate Advances, respectively.
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Conversion Option. At any time prior to the Facility D C Maturity Date, subject to Section 8.5 8.3 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or LIBO Rate SOFR Loan or any portion thereof outstanding under the Facility D C Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D C Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and LIBO Rate SOFR Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ LIBO Rate SOFR Advances, respectively.
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Conversion Option. At any time prior to the Facility D Maturity Date, subject to Section 8.5 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or LIBO Rate SOFR Loan or any portion thereof outstanding under the Facility D Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and LIBO Rate SOFR Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ LIBO Rate SOFR Advances, respectively.
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Conversion Option. At any time prior to the Facility D C Maturity Date, subject to Section 8.5 7.4 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR LIBO Rate Loan or any portion thereof outstanding under the Facility D C Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D C Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR LIBO Rate Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ LIBO Rate Advances, respectively..
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Conversion Option. At any time prior to the Facility D Maturity Date, subject to Section 8.5 7.6 and provided that no Default or Event of Default has occurred and is continuing (without having been cured or waived as provided in this Agreement), the US Borrower may elect to convert by Notice of Conversion received by the Administrative Agent, and on the Conversion Date set forth therein the US Borrower shall convert, any US Prime Rate Loan, or SOFR LIBO Rate Loan or any portion thereof outstanding under the Facility D Credit (each a “Converted Advance”) into another basis of funding in the same currency under the Facility D Credit (each a “Conversion Advance”). The provisions of this Agreement relating to US Prime Rate Advances and SOFR LIBO Rate Advances shall apply mutatis mutandis to Conversion Advances comprising US Prime Rate Advances and S▇▇▇ LIBO Rate Advances, respectively.
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