Reconversion Sample Clauses

Reconversion. Any charge which has crystallised under Clause 4.1 (Crystallisation by notice) or Clause 4.2 (Automatic crystallisation) may, by notice in writing given at any time by the Security Agent to the relevant Chargor (or to the Parent on its behalf), be reconverted into a floating charge in relation to the Assets specified in such notice.

Reconversion. Once an amount has been properly converted, any subsequent conversion of that amount is called a reconversion. Effective January 1, 2000, an ▇▇▇ owner who converts an amount from a traditional ▇▇▇ to a ▇▇▇▇ ▇▇▇ during any taxable year and then recharacterizes that amount back to a traditional ▇▇▇ may not reconvert that amount from the traditional ▇▇▇ to a ▇▇▇▇ ▇▇▇ before the later of: a. the taxable year following the taxable year in which the amount was first converted to a ▇▇▇▇ ▇▇▇; or b. the end of the 30-day period beginning on the day on which the IRA owner recharacterizes the amount from the ▇▇▇▇ ▇▇▇ back to a traditional ▇▇▇. (Regardless of whether the recharacterization occurs during the taxable year in which the amount was converted to a ▇▇▇▇ ▇▇▇ or the following taxable year.) In determining the portion of any amount held in a ▇▇▇▇ ▇▇▇ or a traditional ▇▇▇ that an ▇▇▇ owner may not reconvert, any amount previously converted (or reconverted) is adjusted for subsequent net earnings thereon. Any attempted reconversion of an amount prior to the time permitted is a failed conversion of that amount. The only remedy in this case is to recharacterize back to a traditional ▇▇▇. If the amount is not recharacterized, it is deemed a regular ▇▇▇▇ ▇▇▇ contribution, thus an excess may arise and any excess contribution is subject to the 6% excise tax to the extent that it exceeds the individual’s regular ▇▇▇▇ ▇▇▇ contribution limit. For these purposes, only a failed conversion resulting from failure to satisfy the statutory requirements for a conversion (i.e. The $100,000 MAGI limit) is treated as a conversion for determining when an ▇▇▇ owner may make a reconversion. However, if an ▇▇▇ owner inadvertently attempts to reconvert before waiting the appropriate time period, the attempted reconversion is not treated as a conversion for purposes of the reconversion rules (although it is otherwise treated as a failed conversion).

Reconversion. The subsequent Conversion to a Tranche B Loan of any Tranche A Loan that has been previously reclassified pursuant to a Deconversion ("RECONVERSION") must be effected no later than two (2) years after the date of initial Launch. Reconversion of any Loan shall occur pursuant to the terms of Sections 2.03 and 9.

Reconversion. Any charge which has converted into a fixed charge under Clause 3.5 (Automatic Crystallisation) or Clause 3.6 (Crystallisation of Floating Charge by notice) may be reconverted into a floating charge by notice in writing given at any time by the ABL Agent to the Chargor concerned in relation to the assets specified in such notice.

Reconversion. A reconversion occurs when you convert Traditional ▇▇▇ (or SIMPLE ▇▇▇) assets that have been previously converted and recharacterized. A reconversion must occur in a subsequent year to the prior conversion, or if later, after 30 days have elapsed since the recharacterization. TRANSFERS Transfers. You may move your ▇▇▇▇ ▇▇▇ from one trustee or custodian to a ▇▇▇▇ ▇▇▇ maintained by another trustee or custodian by requesting a direct transfer. Federal law does not limit the number of transfers you may make during any year. Transfers Incident to Divorce. Under a valid divorce decree, separate maintenance decree, or other valid court order, your ▇▇▇▇ ▇▇▇ may be transferred to your ex- spouse or you may receive all or part of your ex-spouse’s ▇▇▇▇ ▇▇▇.

Reconversion. The Security Trustee may at any time by notice in writing to the Company reconvert its security under the Charge from a fixed charge to a floating charge in respect of any asset or class of asset specified in that notice.

Reconversion. In the event that any of the obligations contained in this Agreement shall not be enforceable, or violate applicable law, such unenforceability or violation, shall not influence either the enforceability and validity of the other provisions in this Agreement, nor such part of a section that is enforceable and does not violate the applicable law. In connection with the section or the part of a section that is unenforceable or is violating the applicable law, the parties obligate themselves to make the unenforceable sections enforceable based upon the construction of an alternative agreement that shall reflect the intentions of the parties in this agreement, as further described in the preamble to this Agreement.

Reconversion. Where the floating charge created by clause 3.1 has crystallised under clause 3.2 or clause 3.3, it may be reconverted into a floating charge by written notice given at any time by the Bank to the Counterparty, in respect of the Charged Property specified in such notice.