Examples of Term Loan Conversion Option in a sentence
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.
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.
The greater the DER, the greater the debt the company owes to creditors.With high debt, it can allow the profit received by the company to be smaller.
REPAYMENT: The Borrowers will repay (i) each Advance (other than a Competitive Bid Advance) no later than on the Commitment Termination Date, subject to the Term Loan Conversion Option and (ii) each Competitive Bid Advance at the maturity date specified in the applicable Borrower's notice requesting such Competitive Bid Advance.
In addition, on each day on and after the effective date of the Term Loan Conversion Option on which the aggregate Commitments shall exceed the aggregate principal amount of the Advances then outstanding, the Commitments shall automatically and permanently reduce by an amount equal to such excess.
By giving notice to the Agent no later than three days prior to the Termination Date in effect prior to the delivery of such Extension Request, elect not to extend the Termination Date beyond the then applicable Termination Date, and in this event the Borrowers may in their sole discretion repay any amount of the Advances then outstanding or exercise the Term Loan Conversion Option with respect to the Advances outstanding on the Termination Date in accordance with Section 2.3.(c) Replacement Lenders.
By giving notice to the Agent no later than three days prior to the Termination Date in effect prior to the delivery of such Extension Request, elect not to extend the Termination Date beyond the then applicable Termination Date, and in this event the Borrowers may in their sole discretion repay any amount of the Advances then outstanding or exercise the Term Loan Conversion Option with respect to the Advances outstanding on the Termination Date in accordance with Section 2.3.
If the Term Loan Conversion Option is available to the Borrower, then promptly upon receipt of the Term Loan Conversion Request, and no later than 45 days prior to the Revolving Commitment Termination Date, the Lenders shall indicate to the Administrative Agent the Applicable Margins at which the Term Loans will bear interest over LIBOR and Base Rate after the Revolving Commitment Termination Date, and the Administrative Agent shall promptly notify the Borrower thereof (the "Applicable Margin Notice").
The Borrower may (unless it has exercised the Term Loan Conversion Option), by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 60 days and not later than 35 days prior to the Scheduled Termination Date, request that each Lender extend such Lender’s Scheduled Termination Date then in effect for an additional 364 calendar days following the Scheduled Termination Date.
The Borrower shall repay (i) 50% of the principal amount of each A Advance outstanding on the Commitment Termination Date if the Borrower shall have exercised the Term Loan Conversion Option and (ii) 100% of the principal amount of each A Advance made by each Lender on the Termination Date, subject to Section 2.17 hereof.