Common use of Request for Conversion Clause in Contracts

Request for Conversion. The Borrower shall be entitled to request that all or part of the Facility A Outstandings on any Facility A Revolving Termination Date be converted into a Term-out Advance from and including that Facility A Revolving Termination Date up to and including the applicable Facility A Term Repayment Date. Such request (the “Conversion Request”) shall be made in writing to the Facility Agent not less than 5 Business Days before the Facility A Revolving Termination Date and shall be unconditional and irrevocable. A Conversion Request must comply with Clause 5.3(a) (Currency and amount).

Appears in 2 contracts

Sources: Syndicated Credit Agreement, Credit Agreement (France Telecom /)