Conversion Option definition

Conversion Option means the option of a Converting Lender to convert all or a portion of the Loans into an equivalent principal amount of Class A Notes pursuant to Section 3.7 hereof and Section 2.5(n) of the Indenture.
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Conversion Option means the option granted to the Company in Section 5.01 hereof pursuant to which the interest rate on the Bonds is converted from the Floating Rate to the Fixed Rate as of the Optional Conversion Date.
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Conversion Option means an NQSO granted under Section 6(b)(v).
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Examples of Conversion Option in a sentence

  • In accordance with Section 2.15 of the Indenture and Section 2.10 of the Credit Agreement, the Undersigned Class A-1A Lender hereby notifies the Issuer, the Loan Agent and the Collateral Trustee that it irrevocably revokes the Conversion Option.

  • The undersigned Class A-1A Lender represents, warrants and certifies that, as of the date hereof, (i) it is duly authorized and has the full power to execute and deliver this Revocation Notice of the Conversion Option (the “Revocation Notice”), and such power has not been granted or assigned to any other Person and (ii) the Issuer, the Collateral Trustee and the Asset Manager may conclusively rely upon this Revocation Notice.

  • Additionally, the Lenders are permitted to elect to remove the Conversion Option related to the Secured Loan with consent of 100% of the Lenders in accordance with Section 7.11(f).

  • Upon receipt by the Issuer, the Loan Agent and the Collateral Trustee of a Revocation Notice from 100% of the Class A-1A Lenders, the Credit Agreement shall be amended to remove the Conversion Option, and following such amendment and the removal of the Conversion Option, any provision of the Indenture related to Conversion Option will be deemed amended in connection with such amendment of the Credit Agreement and have no further force or effect for the purposes of the Credit Agreement or the Indenture.

  • The Undersigned Class A-1A Lender further acknowledges and agrees that the revocation of the Conversion Option is conditioned upon the receipt of a Revocation Notice from 100% of the Class A-1A Lenders in accordance with the terms of the Indenture.


More Definitions of Conversion Option

Conversion Option means the Company’s option to convert some or all of the Series C Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
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Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.
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Conversion Option. The option of a Converting Lender to convert all or a portion of its Class A-1L-1 Loans, Class A-1L-2 Loans, Class A-2L Loans or the Class B-▇ Loans, as applicable, into an equivalent principal amount of Class A-1 Notes, Class A-2 Notes or Class B Notes, as applicable, pursuant to the applicable Credit Agreement and this Indenture.
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Conversion Option means Holder’s option to convert some or all of the Obligations into Common Stock as provided in Section 4.
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Conversion Option has the meaning set forth in Section 6(a)(i)(A).
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Conversion Option means the option granted to the Company in Section 2.07 hereof to convert from one type of Interest Period to another type of Interest Period.
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Conversion Option is the Borrower’s option to (i) cancel and convert the interest rate specified in this Note from a variable rate with no interest rate limits to the rate calculated under Section C(2) below; and (ii) terminate and cancel the Revolving Loan provisions.
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