Loan Conversion definition

Loan Conversion means the automatic conversion of (a) outstanding Term B-7 Loans into Term B-9 Loans in accordance with Section 2.01(a)(iii)(A) and (b) outstanding Term B-7 Loans and Term B-8 Loans into Term B-10 Loans in accordance with Sections 2.01(a)(iv)(A) and 2.01(a)(iv)(B), respectively.
Loan Conversion means the conversion of the Bond Mortgage Loan from the Construction Phase to the Permanent Phase.
Loan Conversion as defined in Section 2.4(a).

Examples of Loan Conversion in a sentence

  • Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower hereunder and each Revolving Loan Conversion shall constitute a representation and warranty by the Borrower as of the date of such extension of credit, or Revolving Loan Conversion, as applicable, that the conditions contained in this Section 5.2 have been satisfied.

  • If this Term Loan Conversion Option is exercised, then, on the Termination Date, immediately prior to the time when the unpaid principal amount of the Committed Advances would otherwise be due, the Committed Advances shall automatically convert into Term Loans which the respective Borrowers shall repay to the Agent for the ratable accounts of the Lenders on the Maturity Date.

  • Each borrowing by and issuance of a Letter of Credit on behalf of the Borrower hereunder, each Revolving Loan Conversion and each conversion of a Term Loan shall constitute a representation and warranty by the Borrower as of the date of such extension of credit, Revolving Loan Conversion or conversion of a Term Loan, as applicable, that the conditions contained in this Section 5.2 have been satisfied.

  • See the Terms and Conditions (https://onlinelibrary.wiley.com/terms-and-conditions) on Wiley Online Library for rules of use; OA articles are governed by the applicable Creative Commons LicenseTHE EFFECTIVENESS OF ACTIVE LABOR MARKET POLICIES: A META-ANALYSIS 137Table 5.

  • In the event that the Resumption is approved by the Stock Exchange (whether conditionally or unconditionally), then the Retained Subsidiaries will remain in the Retained Group as subsidiaries of the Company immediately after the First Loan Conversion and the Subscription.


More Definitions of Loan Conversion

Loan Conversion means the conversion of all outstanding Loan and all interest thereon that has come due and payable into Shares in accordance with the terms of this Agreement.
Loan Conversion has the meaning specified in the preamble hereto.
Loan Conversion has the meaning provided in Section 2.01(b).
Loan Conversion. The conversion of the Loan from the Construction Loan to the --------------- Mini-Perm Loan all in accordance with the provisions of Section 2.4 hereof. The effective date of the Loan Conversion shall be the first (1st) day of the calendar month following the satisfaction of the Loan Conversion requirements set forth in Section 2.4, which effective date shall not be later than January 1, 2002. "Loan Documents" - means those documents, as hereafter amended, supplemented, --------------- replaced or modified, properly executed and in recordable form, if necessary, - listed in Exhibit B as Loan Documents. - ---------- "Loan-to-Value Percentage" - shall have the meaning ascribed to such term in ------------------------- Section 2.7. -- "Master Loan Agreement" - means the Second Amended and Restated Loan Agreement ----------------------- dated as of March 31, 2000 between Borrower and Lender, as amended by First Amendment to the Second Amended and Restated Loan Agreement dated of even date herewith. "Maturity Date" - has the meaning specified in Section 2.5. -------------- "Maximum Lawful Rate" - shall have the meaning ascribed to such term in Section -------------------- 12.24(b). "Mini-Perm Loan" - to the extent Loan Conversion occurs, the Loan, as so --------------- converted and scheduled to mature December 28, 2007. ------ "Note" - means that certain Promissory Note of even date herewith, in the ---- original principal amount of the Loan, executed by Borrower and payable to the ---- order of Lender, as hereafter amended, supplemented, replaced or modified. "Obligee" - shall have the meaning ascribed to such term in Section 8.1. ------- "Participant" - shall have the meaning ascribed to such term in Section 12.13. -------- "Plans and Specifications" - shall have the meaning ascribed to such term in -------------------------- Recital B. -- "Property" - shall have the meaning ascribed to such term in Recital A. -------- "Secured Obligations" - shall have the meaning ascribed to such term in the Deed ------------------- of Trust. "Set Aside Letter" - shall have the meaning ascribed to such term in Section ------------------ 8.1. -- "Subdivision Map" - shall have the meaning ascribed to such term in Section 9.7. --------------- "Surety" - shall have the meaning ascribed to such term in Section 8.1. ------ "Title Company" means Republic Title of Texas, Inc., as agent for Commonwealth -------------- Land Title Insurance Company. "Title Policy" - means the standar...
Loan Conversion means the settlement and repayment of USD 7,200,000 of the principal amount of the Nemesia Loan through the issuance of Additional Bonds.
Loan Conversion. As defined in Paragraph 2G.