Term Loan Conversion Date definition

Term Loan Conversion Date means the date on which the Borrower requests the extension of the then scheduled Termination Date to the Final Maturity Date pursuant to Section 2.16(b).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

Term Loan Conversion Date has the meaning specified in Section 2.17(b).

Examples of Term Loan Conversion Date in a sentence

• The Parent Borrower shall have the right, on one occasion during the Availability Period, to convert all, or a portion of, the outstanding Revolving Loans of the Parent Borrower and/or ACUS to term loans (the “Term Loans”) in Dollars; provided that any Revolving Loans denominated in Euro or Sterling shall be (if the Parent Borrower requests to convert them into Term Loans) converted to an amount in Dollars at the Spot Rate determined on the Business Day prior to the Term Loan Conversion Date.

• All commitment fees in respect of the portion of the Tranche B Commitment reduced pursuant to Section 2.05(b) and accrued until the Term Loan Conversion Date shall be paid on the Term Loan Conversion Date.

• The Company may, upon notice to the Agent not later than the Termination Date, elect (the “Term Loan Election”) to convert all of the Advances outstanding on the Termination Date in effect at such time into a term loan which the Company shall repay in full ratably to the Lenders on the Maturity Date; provided that the Term Loan Election may not be exercised unless the conditions set forth in Section 3.03 are satisfied on the date of notice of the Term Loan Election and on the Term Loan Conversion Date.

• The Company may, upon notice to the Administrative Agent not earlier than twenty Business Days and not later than ten Business Days, prior to the Termination Date, elect (the “Term Loan Election”) to convert all of the Loans outstanding on the Termination Date into term loans; provided, that no such Loans shall be converted pursuant to the Term Loan Election unless the conditions set forth in Section 3.04 are satisfied on the Term Loan Conversion Date.

• The Facility Fees will commence to accrue on the date of execution of this Agreement and will be payable in arrears on (i) the Effective Date, (ii) on the third day of each January, April, July and October and (iii) on the Revolver Termination Date or the Term Loan Conversion Date, as the case may be.

More Definitions of Term Loan Conversion Date

Term Loan Conversion Date means, if the Term Loan Election has been made, the Termination Date on which all Loans outstanding on such date are converted into a term loan pursuant to Section 2.05.

Term Loan Conversion Date means the Revolver Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06(a).

Term Loan Conversion Date has the meaning specified in Section 2.06.

Term Loan Conversion Date means, in the event that the Term Loan Conversion Option is exercised, the Scheduled Termination Date.

Term Loan Conversion Date means the earlier of either (a) April 30, 2001 or (b) the Completion Date.

Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into term loans pursuant to Section 2.05.

Term Loan Conversion Date means the Revolver Termination Date on which all Advances outstanding on such date are converted into a term loan pursuant to Section 2.05.