Request for Conversions Sample Clauses
The Request for Conversions clause outlines the process by which a party, typically an investor or noteholder, can formally request the conversion of their convertible securities into equity, such as shares of the company. This clause specifies the required notice period, the information that must be included in the conversion request, and any conditions that must be met for the conversion to take place. By establishing a clear procedure for initiating conversions, the clause ensures transparency and predictability for both the company and the security holder, reducing the risk of disputes and facilitating smooth transitions from debt or convertible instruments to equity ownership.
Request for Conversions. The Borrower may request the Lenders to convert all or any portion of any Type of the Loans into another Type of Loans or to rollover any Type of the Loans into the same Type, by delivering to the Administrative Agent a Conversion Request within the delays herein contemplated at any time before the Maturity Date. Any Conversion Request delivered on any Business Day after the time by which it is required hereunder to be delivered, shall be deemed to have been received the next following Business Day.
Request for Conversions. The Borrower may request the Lenders to convert all or any portion of any Type of Advance other than LCs into another Type of Advance denominated in the same currency as the Type of Advance so converted or to rollover any Type of Advance into the same Type, by delivering to the Administrative Agent a Conversion Request within the delays herein contemplated. Any Conversion Request delivered after 11:00 a.m. (Montréal time) on any Business Day shall be deemed to have been received prior to 11:00 a.m. on the following Business Day.
Request for Conversions. Any Borrower may request the Lenders to convert, within the same Revolving Facility, all or any portion of any Type of the Loans into another Type of Loans or to rollover any Type of the Loans into the same Type, by delivering to the Administrative Agent a Conversion Request within the delays herein contemplated. Any Conversion Request relating to (i) the Cdn Revolving Facility must be issued by the Cdn Borrower, and (ii) the US Revolving Facility must be issued by the US Borrower. Any Conversion Request delivered on any Business Day after the time by which it is required hereunder to be delivered, shall be deemed to have been received the next following Business Day.