Term Loan Conversion Date definition

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).

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

Examples of Term Loan Conversion Date in a sentence

• Each request for a Borrowing under this Agreement and the Term Loan Election in accordance with Section 6.2(c) constitutes a reaffirmation of these representations and warranties (other than the representations and warranties listed as “Material Adverse Effect”, “Litigation” and “Environmental Matters” on Exhibit B) as of the date of such Borrowing, such Term Loan Election and the Term Loan Conversion Date.

• The Aggregate Commitments shall be terminated on the Term Loan Conversion Date.

• Provided there exists no Default, upon notice to the Administrative Agent (which will promptly notify the Lenders), the Company may from time to time prior to the Term Loan Conversion Date , request an increase in the Aggregate Commitments by an amount (for all such requests) not exceeding $500,000,000; provided that any such request for an increase will be in a minimum amount of $100,000,000.

• If the Company shall have made the Term-Out Election, the Company shall have paid, on the Term Loan Conversion Date, to the Administrative Agent, to be shared on a pro-rata basis with the Lenders, a fee equal to 1/2 of 1% of the outstanding amount of Loans that are converted into Term Loans on the Term Loan Conversion Date (the “ Term-Out Election Fee ”).

• Within the foregoing limits, the Borrower may borrow under this subsection, prepay Loans to the extent permitted by Section 2.10 and reborrow at any time during the Revolving Credit Period under this subsection; provided, for the avoidance of doubt, that the Borrower shall not be entitled to reborrow pursuant to this sentence Loans which are prepaid at any time following the Term Loan Conversion Date.

More Definitions of Term Loan Conversion Date

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).

Term Loan Conversion Date means the Termination Date, if on such date all Advances outstanding on such date are converted into a term loan pursuant to Section 2.07(a).

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 date the Term Loan converts from a multiple advance loan to a “mini-perm” term loan which is the date that all of the conditions precedent in Section 4.03 below have been satisfied; provided, that, the Term Loan Conversion Date may not occur after December 31, 2015.

Term Loan Conversion Date means, (a) with respect to the Initial Investment Pool, June 30, 2015, (b) with respect to the July Investment Pool, July 31, 2015, (c) with respect to the August Investment Pool, August 31, 2015, and (d) with respect to any other Investment Pool, the earlier to occur of (i) the Credit Date of the last Revolving Loan, the proceeds of which were used to purchase Eligible Receivables originated during the related Origination Period from the Originator pursuant to the Master Purchase Agreement, and (ii) the Revolving Commitment Termination Date.

Term Loan Conversion Date is defined in Section 4.1.

Term Loan Conversion Date means the date set forth in the Notice of ------------------------- Term Loan Conversion; provided however, that the Term Loan Conversion Date shall not be a date that occurs later than the Revolving Termination Date.