Conversion Advance definition

Conversion Advance and “Converted Advance” shall each have the respective meaning ascribed to such terms in Section 3.8 in the case of the Canadian Borrower, in Section 5.6 in the case of the US Borrower in respect of Facility C Credit and Section 6.6 in the case of the US Borrower in respect of Facility D Credit.

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Conversion Advance and "Converted Advance" shall each have the meaning ascribed to such terms in Section 4.3.

Conversion Advance has the meaning given to it in clause 4.7;

Examples of Conversion Advance in a sentence

• If the Borrower notifies the Administrative Agent pursuant to Section 3.2, 3.8 or 10.2 that a Borrowing or a Conversion Advance or a Rollover Advance is to be made by way of Bankers’ Acceptances (or, as the case may be, BA Equivalent Advances), the Borrower shall pay in CDollars at or prior to the time of the Acceptance of each Bankers’ Acceptance an Acceptance Fee on the face value of each Bankers’ Acceptance accepted by a Lender.

• The aggregate of the Dollar Amount of all Facility B Advances shall at no time exceed the Total Commitments in respect of Facility B (save where the Conversion Advance has been drawn).

• The Conversion Advance shall be repaid in full by a single repayment on the date falling 364 days after its Drawdown Date.

• The Borrowers may without premium or penalty prepay any Revolving Credit Advance or the Conversion Advance (in whole but not in part only) subject to the provisions of this clause 8.

• The Parent may select an Interest Period for the Conversion Advance by notices received by the Agent not later than 10 a.m. on the third Banking Day before the beginning of each Interest Period other than in respect of the first Interest Period which shall be selected in the Drawdown Notice for the Conversion Advance.

• As soon as practicable after receipt of a Drawdown Notice in respect of a Revolving Credit Advance or the Conversion Advance complying with the terms of this Agreement the Agent shall notify each Bank and, subject to clause 3, each of the Banks shall on the Drawdown Date make available to the Agent its portion of the relevant Advance in accordance with clause 10.

• On the Termination Date in respect of the relevant Revolving Credit Facility, all outstanding Revolving Credit Advances under such Revolving Credit Facility and other sums (if any) then owing under this Agreement in connection with such Revolving Credit Facility (other than the Conversion Advance and sums relating thereto) shall in any event be repaid or paid in full.

• Orientation Program Metric Conversion Advance Technology Training Resulting From Job Alterations Employee Training Safety and Health Agreement Memorandum of Understanding Human Rights Confinement in Jail Job Eligibility Tests (Revised) Hiring Practices Hiring Local Employees into Local Tuition Refund Plan Casual Absence ▇▇▇.

• If the Borrower notifies the Administrative Agent pursuant to Section 3.2, 3.8 or 9.2 that a Borrowing or a Conversion Advance or a Rollover Advance is to be made by way of Bankers’ Acceptances (or, as the case may be, BA Equivalent Advances), the Borrower shall pay in CDollars at or prior to the time of the Acceptance of each Bankers’ Acceptance an Acceptance Fee on the face value of each Bankers’ Acceptance accepted by a Lender.

• Upon receipt of all laboratory data for both sampling events, ERG will prepare a summary report of the results.

More Definitions of Conversion Advance

Conversion Advance and “Converted Advance” – shall each have the respective meaning ascribed to such terms in Section 3.7. 1.1.54 “Conversion Date” – means a day which the Borrower has notified the Agent in a Notice of Conversion as the date on which the Borrower will convert Borrowings under the Credit Facility, or a portion thereof, in accordance with Section 3.7.

Conversion Advance and “Converted Advance” – shall each have the respective meaning ascribed to such terms in Section 3.7. 1.1.50 “Conversion Date” – means a day which the Borrower has notified the Agent in a Notice of Conversion as the date on which the Borrower will convert Borrowings under a Credit Facility, or a portion thereof, in accordance with Section 3.7. 1.1.51 “Covid-19 Event” – shall have the meaning ascribed to it in Section 2.1.10. 1.1.52 “Credit Facility” – means the committed revolving credit facility in the maximum amount of sixty million CDollars (C$60,000,000) or the Equivalent Amount in USDollars, which the Lenders will make available to the Borrower pursuant to, and in accordance with the terms of, ARTICLE 3 and the other provisions of this Agreement. 1.1.53 “Current Accounts” – means collectively (i) the CDollars and USDollars accounts maintained by the Borrower with BNS at the Branch of Account for the purposes of operating the Credit Facility and, (ii) with respect to the Swingline Loan, the CDollars and USDollars accounts maintained by the Borrower with BNS at the Branch of Account. 1.1.54 “DBNA” – means the Depository Bills and Notes Act (Canada). 1.1.55 “Debt” – means all indebtedness of any Obligor and includes, without duplication (in each case, whether such indebtedness is with full or limited recourse):