Rate Conversion definition

Rate Conversion refers to a conversion pursuant to Section 3.1(h) of Loans of one Type into Loans of another Type and, with respect to LIBOR Loans, from one permissible Interest Period to another permissible Interest Period.

Rate Conversion. Defined in Section 12.01(a).

Rate Conversion means the conversion of the Loans from Term SOFR Loans to either Prime Rate Loans or Alternate Rate Loans, or from Prime Rate Loans to Term SOFR Loans or Alternate Rate Loans in accordance with Section 2.04.

Examples of Rate Conversion in a sentence

• The Borrower may also request the modification of the Amortization Schedule in the case of a Currency Conversion or an Interest Rate Conversion, as set forth in Articles 5.03 and 5.04 of these General Conditions.

• If Mid-Swap Rate Conversion is so specified as being applicable, the First Reset Rate of Interest and, if applicable, each Subsequent Reset Rate of Interest will be converted from the Original Mid-Swap Rate Basis specified in the relevant Final Terms or Pricing Supplement to a basis which matches the per annum frequency of Interest Payment Dates in respect of the relevant Notes (such calculation to be determined by the Issuer in conjunction with a leading financial institution selected by it).

• Upon an Interest Rate Conversion, the Borrower shall, for each Interest Period during the Conversion Period, pay interest on the amount of the Withdrawn Loan Balance to which the Conversion applies at the Variable Rate or the Fixed Rate, whichever applies to the Conversion.

• This Condition 6.8 is only applicable if Mid-Swap Rate Conversion is specified in the relevant Final Terms or Pricing Supplement as being applicable.

• If Reset Reference Rate Conversion is specified in the applicable Final Terms as being applicable, the First Reset Rate and, if applicable, each Subsequent Reset Rate will be converted from the Original Reset Reference Rate Payment Basis to a basis which matches the per annum frequency of Interest Payment Dates in respect of the Notes (such calculation to be determined by the Issuer in conjunction with a leading financial institution selected by it).

More Definitions of Rate Conversion

Rate Conversion means a conversion pursuant to Section 2.12 of this Agreement of Revolving Credit Loans of one Type into Revolving Credit Loans of another Type and, with respect to LIBOR Rate Loans, from one permissible Interest Period to another permissible Interest Period.

Rate Conversion. CONTINUATION REQUEST" shall have the meaning assigned to such term in Section 3.l(h).

Rate Conversion is defined in Section 2.7(F).

Rate Conversion shall have the meaning set forth in Section 2.2.7(g) hereof.

Rate Conversion means a conversion pursuant to Section 2.7 of this Agreement of Advances of one Type into Advances of another Type and, with respect 106 116 to LIBOR Rate Advances, from one permissible Interest Period to another permissible Interest Period.

Rate Conversion means, if at any time a Transaction is converted from a LIBOR Transaction to either a Prime Rate Transaction or an Alternate Rate Transaction or from a Prime Rate Transaction to a LIBOR Transaction or Alternate Rate Transaction in accordance with Section 3(f) hereof.

Rate Conversion means a conversion pursuant to Section 2.3 of this Agreement of Borrowings of one Type into Borrowings of another Type.