Term Conversion definition

Term Conversion means satisfaction or waiver of the conditions set forth in Section 4.04, causing conversion of the Construction Loans and Vista Expansion Loans to Term Loans as set forth in Section 2.04. “Term Convert” is the verb form of “Term Conversion”.

Term Conversion means, the conversion of the Construction Loans to Term Loans on the Term Conversion Date pursuant to Section 2.1 of the Credit Agreement.

Term Conversion means the satisfaction (or waiver by Administrative Agent (with the consent of the Required Lenders)) of the conditions set forth in Section 3.5. The terms “Term Convert” and “Term Converted” have correlative meanings.

Examples of Term Conversion in a sentence

• The Construction Facility shall, subject to this Agreement, be available by way of multiple Drawdowns on and after the Closing Date on a revolving basis prior to the Term Conversion Date, and the Principal Borrower may borrow, repay and reborrow Cdn.

• The Whites carried on their business in partnership (“the Partnership”).

• If the Term Conversion Date does not occur on or prior to January 28, 2014 (the “Date Certain”), then the Borrower shall repay the aggregate principal amount of the Construction Loans on the Date Certain.

• The Administrative Agent shall have received supplemental opinions of counsel to the Borrower, dated as of the Term Conversion Date, opining as to each of the matters set forth on Appendix K, subject to such qualifications and assumptions as are customary in New York, California or Federal opinion practice (as applicable).

• The Symetra External Term Conversion Program may not be available in all states, and terms and conditions may vary by states in which it is available.This program is not available in New York.It is the producer’s responsibility to ensure that any recommendation to replace a policy is in the best interest of their client, based on the costs and benefits of the proposed transaction.

More Definitions of Term Conversion

Term Conversion means the conversion of the construction loan for the Project (as defined in the Credit Agreement) into a term loan pursuant to the Credit Agreement.

Term Conversion has the meaning set forth in Appendix B.

Term Conversion satisfaction or waiver in writing (in accordance with Section 10.3) of the conditions set forth in Section 4.8.

Term Conversion means satisfaction or waiver of the conditions set forth in Section 3.4, causing conversion of Construction Loans to Term Loans. “Term-Convert” is the verb form of “Term-Conversion.”

Term Conversion means the conversion of a project construction loan to a term loan upon the satisfaction of a set of conditions. “Thorold” means collectively Thorold LP and the Thorold Facility.

Term Conversion means satisfaction or waiver in writing of the conditions set forth in Section 3.3 of the Credit Agreement causing the automatic conversion of the Construction Loans to Term Loans.

Term Conversion is defined in Section 2.1.1.