Term Revolving Loan Conversion Date definition

Term Revolving Loan Conversion Date means March 31, 2023.
Sample 1
Term Revolving Loan Conversion Date means May 31, 2023. “Term Revolving Loan Termination Date” means the earlier to occur of: (a) May 31, 2023; (b) the Term Revolving Loan Conversion Date, and (c) the date on which the Commitments terminate in accordance with the provisions of this Agreement. ARTICLE III
Sample 1

Examples of Term Revolving Loan Conversion Date in a sentence

  • Borrowers shall exercise such election by having Borrower Representative deliver written notice of such election to Agent no more than ninety (90) and no fewer than thirty (30) days before the Term Revolving Loan Conversion Date.

  • Borrowers may elect to have the outstanding principal balance of the Term Revolving Loans converted into a term loan (the “Term Loan”) on the Term Revolving Loan Conversion Date.

  • Such election shall be irrevocable and take effect automatically on the Term Revolving Loan Conversion Date provided that on the date that Borrower Representative delivers notice of the election, and on the Term Revolving Loan Conversion Date, no Default or Event of Default shall have occurred and be continuing.

Related to Term Revolving Loan Conversion Date

  • 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 Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.