Conversion definition

Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.

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Conversion shall have the meaning ascribed to such term in Section 4.

Conversion and “Converted” each refers to a conversion of Loans of one Type into Loans of another Type.

Examples of Conversion in a sentence

Such interest shall be payable in arrears on each Interest Payment Date for such Advance for the period from and including the Drawdown Date or the preceding Conversion Date or Interest Payment Date, as the case may be, for such Advance to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the US Base Rate Advance outstanding during such period and on the basis of the actual number of days elapsed divided by 365.
A Drawdown Notice, Conversion Notice or Rollover Notice, as the case may be, given by a Borrower hereunder shall be irrevocable and shall oblige such Borrower to take the action contemplated on the date specified therein.
In administering the Revolver Facility, the Agent is authorized to allocate the available amount under each of the Canadian Tranche and the US Tranche (A) as the Agent receives a Drawdown, Conversion, Rollover or repayment under the Canadian Tranche and the US Tranche; and (B) as a result of currency fluctuations, in each case, so long as the aggregate maximum principal amount available under the Canadian Tranche and the US Tranche does not exceed the Revolver Facility Commitment.
The number of Conversion Shares issuable upon a conversion hereunder shall be determined by the quotient obtained by dividing (x) the outstanding principal amount of this Note to be converted by (y) the Conversion Price.
Such interest shall be payable in arrears on each Interest Payment Date for such Advance for the period from and including the Drawdown Date or the preceding Conversion Date, Rollover Date or Interest Payment Date, as the case may be, for such Advance to and including the day preceding such Interest Payment Date and shall be calculated on the principal amount of the SOFR Advance outstanding during such period and on the basis of the actual number of days elapsed divided by 360.

More Definitions of Conversion

Conversion and "Converted" each refers to a conversion of Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type pursuant to Section 2.08 or 2.09.

Conversion and “Converted” shall refer to a conversion pursuant to Section 2.3(f) or Section 4 of one Type of Loan into another Type of Loan.

Conversion has the meaning set forth in Section 13(B).

Conversion and “Converted” shall refer to a conversion pursuant to Section 2.05 of one Type of Loan into another Type of Loan, which may be accompanied by the transfer by a Lender (at its sole discretion) of a Loan from one Applicable Lending Office to another.

Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of another Type or the selection of a new, or the renewal of the same, Interest Period for Eurodollar Rate Advances pursuant to Section 2.09 or 2.10.

Conversion means, in respect of any Securities, any irreversible conversion by the Underlying Company of such Securities into other securities.

Conversion has the meaning set forth in the Recitals.