Conversion Date definition
Examples of Conversion Date in a sentence
If no Conversion Date is specified in a Notice of Conversion, the Conversion Date shall be the date that such Notice of Conversion is deemed delivered hereunder.
The Conversion Date shall be no earlier than the fifth Business Day following the date such notice is delivered (or such earlier date as may be reasonably agreed to by the Converting Lender, the Loan Agent, the Asset Manager and the Collateral Trustee) and may not be between a Record Date and a Payment Date.
Any Class A-1A Lender electing to make an Assignment/Conversion will deliver to the Collateral Trustee, the Loan Agent, the Asset Manager and the Issuer at least five Business Days prior to the Conversion Date, (x) an executed assignment and assumption agreement, (y) a completed notice substantially in the form set forth in the Class A-1A Credit Agreement, and (z) the assignment fee required to be paid pursuant to the Class A-1A Credit Agreement.
If the Conversion Date is on a Payment Date, interest accrued on the Secured Loan since the prior Payment Date (or, if no Payment Date has occurred since the incurrence of such Secured Loan, the Closing Date or other date of incurrence, as applicable) will be paid to the Lenders of the applicable Secured Loan on the related Conversion Date.
Following the Conversion Date, the applicable Class A-1 Notes will accrue interest at the Debt Interest Rate applicable to the applicable Class A-1 Notes, as set forth in this Indenture.