Conversion Credit definition

Conversion Credit means the amount the Calculation Agent determines to be the amount of investment proceeds in U.S. Dollars that would be available on each Conversion Credit Application Date were the Conversion Credit Reference Amount invested at the direction of the Calculation Agent (and on a date determined by the Calculation Agent but not more than 15 business days after the Conversion Date) in Permitted Investments, which Permitted Investments were designed to yield (without provision for credit losses) an equal amount of investment proceeds in U.S. Dollars on each such Conversion Credit Application Date.
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Conversion Credit means in respect of each MEMBER who was a MEMBER of the FUND on 31 December 1996 and who elected to become a DEFINED CONTRIBUTION MEMBER before or on 1 May 1997, or such later date as the TRUSTEES may have agreed, or each MEMBER in SERVICE on 1 May 2000 who elected to become a DEFINED CONTRIBUTION MEMBER with effect from that date or such later date as may be determined by the TRUSTEES, such amount calculated by the ACTUARY to be such MEMBER’S starting FUND CREDIT at that date.
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Examples of Conversion Credit in a sentence

  • If a Conversion Credit Reference Amount applies and the principal amount of the Dual-Currency Notes has not become, as of the Conversion Date, due and payable, the Calculation Agent will determine whether there are any Conversion Credit Application Dates and the amount of the Conversion Credit to be applied on each such Conversion Credit Application Date.

  • Conversion Credit: Customer will receive a credit equal to $27,372.19 (for the conversion of VOIP Best Services to Company) to be applied against Customer's designated Service Charges incurred for interstate and international services.

  • Each such notice of borrowing, Conversion, Credit Agreement Continuation or optional prepayment shall specify the Class of Loans to be borrowed, Converted, Continued or prepaid and the amount (subject to Section 4.04 hereof) and Type of each Loan to be borrowed, Converted, Continued or prepaid and the date of borrowing, Conversion, Continuation or optional prepayment (which shall be a Business Day).

  • Conversion Credit: Customer will receive a one-time credit equal to $60,000 to be applied against Customer’s Total Service charges incurred for interstate and international services.

  • Conversion Credit: Customer will receive a credit equal to $6,450 to be applied against Customer’s Total Service Charges incurred for interstate and international services.

  • The amount of each such Conversion Credit is $750 per port having a port speed of 256Kbps and above.

  • The amount of the Conversion Credit represents a total of 392 Frame Relay Service and/or Private IP Service ports Customer ordered and installed with Company.

  • Each such notice of borrowing, Conversion, Credit Agreement 32 38 Continuation or optional prepayment shall specify the Class of Loans to be borrowed, Converted, Continued or prepaid and the amount (subject to Section 4.04 hereof) and Type of each Loan to be borrowed, Converted, Continued or prepaid and the date of borrowing, Conversion, Continuation or optional prepayment (which shall be a Business Day).

  • Conversion Credit: Customer shall receive a credit of $10,131.54 plus applicable taxes and surcharges to be applied against Customer’s Total Service Charges incurred for interstate and international services.

  • Conversion Credit: Company will provide Customer with a “Conversion Credit” for each new Frame Relay Service port Customer orders and installs with Company.

Related to Conversion Credit

  • Conversion Amount means the sum of the Stated Value at issue.

  • Mandatory Conversion shall have the meaning set forth in Section 6.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Conversion Share means any share of Common Stock issued or issuable upon conversion of any Note.