Auto Balance Conversion definition

Auto Balance Conversion means an automatic conversion plan where selected Cardholders who meet the Eligibility Criteria and other criteria as prescribed by Citibank are auto-enrolled into a program where the Cardholders Outstanding Balances (or part thereof, excluding minimum monthly payment or any payment made toward the Minimum Monthly Payment) in their Cards Accounts are automatically converted into one or more instalment plans at periodic intervals as determined by Citibank, with applicable interest and fees, in accordance with these terms and conditions.
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Auto Balance Conversion means an auto balance conversion for eligible Cardmember by converting the outstanding balances in respect of a Card into a term loan.
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Related to Auto Balance Conversion

  • Fixed Conversion Price shall have the meaning set forth in Section 4(b).

  • Date of Conversion Conversion Price:_______________________________________________________________

  • Interest Conversion Price means, with respect to any Interest Date, that price which shall be computed as 100.0% of the arithmetic average of the Weighted Average Price of the Common Stock on each of the ten (10) consecutive Trading Days immediately preceding the applicable Interest Date (each, an “Interest Measuring Period”). All such determinations to be appropriately adjusted for any stock split, stock dividend, stock combination or other similar transaction during such period.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.