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).
Accordingly, immediately after the completion of the abovementioned transaction entered into between the Target Company and the Receivers but prior to the completion of the CB Conversion, Advance Global was wholly-owned by the Target Company.
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.
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 Conversion Advance shall be repaid in full by a single repayment on the date falling 364 days after its Drawdown Date.
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If the Borrower notifies the Administrative Agent pursuant to Sections 3.6, 3.11 or 7.2 that a Borrowing or a Conversion Advance is to be made by way of, or of a renewal 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.
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.
If the Borrower notifies the Agent pursuant to Section 3.3 that a Borrowing, a Conversion Advance or a renewal is to be made by way of Bankers’ Acceptances or 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.