Tranche A Conversion Date definition

Tranche A Conversion Date means December 31, 2001; the "Tranche B Conversion Date" shall mean June 30, 2002; the "Tranche A Borrowing Period" shall mean the period from July 1, 2001 through and including December 31, 2001; the "Tranche B Borrowing Period" shall mean the period from January 1, 2002 through and including June 30, 2002; and the "Equipment Line Expiration Date" shall mean June 30, 2002, or such later date as may be designated by the Bank by written notice from the Bank to the Borrower."
Sample 1
Tranche A Conversion Date means the date upon which, pursuant to the terms of Sections 4.5 and 4.6 of the Credit Agreement, the Tranche A Construction Loan and the Tranche A Institutional Construction Loan are converted into the Tranche A Term Loan and the Tranche A Institutional Term Loan, respectively, and the Series 1991 Construction Loans (if any) are converted into Series 1991 Term Loans.
Sample 1
Tranche A Conversion Date has the meaning set forth in subsection 2.1(c).
Sample 1

Examples of Tranche A Conversion Date in a sentence

  • Payments made by Contractor pursuant to Section 10.2.1 of the Rova I Turnkey Contract for not achieving Rova I Final Completion by the Rova I Required Completion Date to be applied from time to time for payment of Tranche A Debt Service (to the extent such Tranche A Debt Service exceeds the amounts allotted thereto pursuant to the Approved Rova I Budget) until the Tranche A Conversion Date.

  • Effective upon the occurrence of the Tranche A Conversion Date, the Tranche A Commitments shall terminate and the Borrower shall pay the outstanding principal amount of the Tranche A Loans by applying thereto the proceeds from the Consumer Loan Collateral in accordance with Sections 2.8 and 2.9, with a final payment on the Tranche A Maturity Date in an amount equal to the unpaid balance of the Tranche A Loans.

  • Upon the Tranche A Conversion Date, each Institutional Lender’s Tranche A Institutional Note will evidence such Institutional Lender’s Tranche A Institutional Term Loan.

  • If the Agent and each of the Tranche A Banks, in their sole discretion, consent to such request, the Tranche A Conversion Date shall be extended for such period as determined by the Agent and the Tranche A Banks.

  • Each principal payment shall be in an amount determined by dividing (i) the principal amount of advances made during the respective Tranche A Borrowing Period or Tranche B Borrowing Period and outstanding under the Equipment Line on the respective Tranche A Conversion Date or Tranche B Conversion Date, by (ii) thirty-six (36).

  • Commencing on or prior to the Tranche A Conversion Date, the Borrower shall maintain a special account (the “Additional Collateral Account”) at Credit Suisse First Boston, New York, New York and such account shall be titled “Additional Collateral Account”).

  • Prior to the Tranche A Conversion Date, Borrower shall take such action as is necessary to ensure that no Interest Rate Period (as defined in the Series 1991 Indenture) extends beyond the Tranche A Construction Loan Repayment Date and prior to the Tranche B Conversion Date, Borrower shall take such action as is necessary to ensure that no Interest Rate Period (as defined in the Series 1993 Indenture) extends beyond the Tranche B Construction Loan Repayment Date.

  • Since the State of Nevada is entitled to have the mandates of its courts enforced unless they offend the laws or Constitution of the United States, and since Jesse Bishop has concededly disclaimed any effort either by himself or by others on his behalf to prevent his execution, I feel obliged to summarize briefly the reasons which lead me to refer the application to the full Court.

  • The Steam Host shall have executed and delivered to Borrower a certificate, in form and substance reasonably satisfactory to Agent, not earlier than 15 days prior to the Tranche A Conversion Date, attesting that the Energy Services Agreement is in full force and effect, that the Rova I Initial Delivery Date has been achieved and as to such other matters as Agent may reasonably require.

  • Should this become a requirement of the DOH, the Contractor shall submit a cost breakdown to the Contract Administrator for approval prior to beginning work.

Related to Tranche A Conversion Date

  • Automatic Conversion Date has the meaning set forth in Section 7(c).

  • 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.

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Series A Conversion Rate means, as adjusted pursuant to Section 5.8(b)(vi)(E), the number of Common Units issuable upon the conversion of each Series A Preferred Unit, which shall be the quotient of (a) the sum of (i) the Series A Issue Price, plus (ii) any Series A Unpaid Distributions on the applicable Series A Preferred Unit, plus (iii) only for purposes of the definition of “Series A COC Conversion Rate,” any Series A Partial Period Distributions on the applicable Series A Preferred Unit, divided by (b) the Series A Issue Price.

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Tranche A Maturity Date means June 30, 2006, or if such day is not a Business Day, the next preceding Business Day.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Automatic Conversion means the irrevocable and automatic release of all of the Company’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Company’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the Holders and Beneficial Owners of the Securities) or to the relevant recipient of such Conversion Shares, all in accordance with the terms of the Securities.

  • Change of Control Conversion Date shall have the meaning provided in the Articles Supplementary.

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Series A Conversion Price shall initially be equal to $0.71. Such initial Series A Conversion Price, and the rate at which shares of Series A Preferred Stock may be converted into shares of Common Stock, shall be subject to adjustment as provided below.

  • Forced Conversion Amount means the sum of (i) 100% of the aggregate Stated Value then outstanding, (ii) accrued but unpaid dividends and (iii) all liquidated damages and other amounts due in respect of the Series B Preferred Stock.

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • Conversion Event means the cessation of use of (i) a Foreign Currency both by the government of the country or the confederation which issued such Foreign Currency and for the settlement of transactions by a central bank or other public institutions of or within the international banking community or (ii) any currency unit or composite currency for the purposes for which it was established.

  • Class B Maturity Date means [ ] (or, if such day is not a Business Day, the next succeeding Business Day thereafter).

  • Series B Conversion Price means, as of the applicable Conversion Date, the greater of (A) the average of the Market Values of the Common Stock for the five consecutive Trading Days preceeding (but not including) such Conversion Date, or (B) the then effective Series B Minimum Conversion Price.

  • Initial Conversion Price has the meaning specified in Section 13.01.

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • Commitment Date has the meaning specified in Section 2.18(b).

  • Default Conversion Price shall have the meaning set forth in Section 4(b).