Rate Conversion definition

Rate Conversion refers to a conversion pursuant to Section 3.1(h) of Loans of one Type into Loans of another Type and, with respect to LIBOR Loans, from one permissible Interest Period to another permissible Interest Period.

Rate Conversion. Defined in Section 12.01(a).

Rate Conversion means a conversion pursuant to Section 0 of this Agreement of Loans of one Type into Loans of another Type and, with respect to LIBOR Rate Loans, from one permissible Interest Period to another permissible Interest Period.

Examples of Rate Conversion in a sentence

• Any notice of Rate Conversion delivered by Buyer as described in the preceding clause (i) shall specify the Applicable SOFR designated by Buyer with respect to each such converted Transaction, which designation shall be conclusive and binding on Seller for all purposes of this Agreement.

• The Borrower may also request the modification of the Amortization Schedule in the case of a Principal Payment Option, a Currency Conversion, or an Interest Rate Conversion, as set forth respectively in Articles 3.06, 5.03, and 5.04 of these General Conditions.

• In connection with the use, administration, adoption or implementation of a Benchmark Replacement or any Rate Conversion, Buyer will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Repurchase Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of Seller or any other party to this Agreement or any other Repurchase Document.

• The Borrower may request, with respect to all or part of the Outstanding Loan Balance, that the SOFR-Based Interest Rate be converted to a fixed interest rate or any other Interest Rate Conversion option requested by the Borrower and accepted by the Bank.

• Buyer will notify Seller of (i) the implementation of any Benchmark Replacement or Rate Conversion, as applicable, and (ii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement or Rate Conversion.

More Definitions of Rate Conversion

Rate Conversion means the conversion of the Loans from Term SOFR Loans to either Prime Rate Loans or Alternate Rate Loans, or from Prime Rate Loans to Term SOFR Loans or Alternate Rate Loans in accordance with Section 2.04.

Rate Conversion means the conversion, on or before the first anniversary of the Drawdown Date of Tranche B and otherwise on terms acceptable to the Facility Agent in all respects, of the rate of hire payable to Borrower B under its Acceptable Charter to a fixed daily rate of at least $5,400 net of any commissions.

Rate Conversion shall have the meaning set forth in Section 2.2.7(g) hereof.

Rate Conversion. CONTINUATION REQUEST" shall have the meaning assigned to such term in Section 3.l(h).

Rate Conversion is defined in Section 2.7(F).

Rate Conversion means a conversion pursuant to Section 2.7 of this Agreement of Advances of one Type into Advances of another Type and, with respect 106 116 to LIBOR Rate Advances, from one permissible Interest Period to another permissible Interest Period.

Rate Conversion. Defined in Section 12.01(a). “Rate Conversion Effective Date”: Defined in Section 12.01(a). “Rating Agency” or “Rating Agencies”: Each of Fitch, Moody’s and S&P. “Register”: Defined in Section 18.07(f).