Option to Convert definition

Option to Convert means the Authority’s right and option to convert the rate of interest payable on the Bonds from an Adjustable Rate to a Fixed Rate as provided in Section 4.02.
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Option to Convert means Borrower’s option, subject to the terms and conditions of Section 2.10, to extend the term of the Loan from the Construction Loan Maturity Date to the Permanent Loan Maturity Date.
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Option to Convert means the Authority's right and option to convert the rate of interest payable on the Bonds from an Adjustable Rate to the Fixed Rate as provided in Section 4.02.
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Examples of Option to Convert in a sentence

  • When You or a Dependent Will Have the Option to Convert You will have the option to convert life insurance for a Dependent when: A.

  • Option to Convert to Output (Estimated Gross Profit cover only) The Insured shall have the option to convert the basis of settlement from Turnover to Output or other basis, as may more realistically measure a loss.

  • Option to Convert In addition to the Continuation of Insurance options described above, You may have the right to convert to a policy of individual life insurance.

  • Household Size Formula Used For 1987-1989 LIHTC Projects * Bedroom Size Formula Used For 1990 – LIHTC Projects * Option to Convert to Bedroom Size Formula for Pre-1990 LIHTC Projects: Project Owners of pre-1990 projects were given an option to convert to the bedroom size rent formula.

  • The following Clauses have been added: • Option to Convert to Output (Estimated Gross Profit cover only) – the option to convert the basis of settlement from Turnover to Output, being the sale value of materials produced.

  • Lender Option to Convert to Charitable GiftAt the Lender’s discretion, all or part of the remaining principal reflected by this Note may be converted to a charitable gift to Symerge, the borrower.

  • When You Will Have the Option to Convert You will have the option to convert when: Your life insurance ends because:You cease to be in an eligible class;this Group Policy ends, provided You have been insured for life insurance for at least 5 continuous years; orthis Group Policy is amended to end all life insurance for an eligible class of which You are a member, provided You have been insured for at least 5 continuous years.

  • The Developer’s Option to Convert Use Restriction ("Conversion Option"): Any time during the last 18 months of the Initial Term, the Developer shall have the right, by delivery of a written notice (the “Notice”) to the County Manager, during such period of time, to express its intent to convert the Restricted Space and Bonus Space portions of the Demised Premises to unrestricted use by the Developer (“Conversion Option”).

  • One is a video about Centre Wellington to be showcased on BNN, the other showcasing our rich heritage and why businesses should relocate to our area.

  • Option to Convert It is not uncommon for a term insurance policy to be “convertible.” This means that an insured may convert their current term contract into a permanent, or whole life, insurance contract.7 Usually, a time-limit is stated in the policy for converting.


More Definitions of Option to Convert

Option to Convert means the Borrower's right and option to convert the rate of interest payable on the Bonds from the Variable Rate to the Fixed Rate as provided in Section 304(b). "Outstanding Bonds" or "Bonds Outstanding" means the amount of principal of the Bonds which has not at the time been paid, exclusive of (a) Bonds in lieu of which others have been authenticated under Section 303 and (b) the principal of any Bond which has become due (whether by maturity, call for redemption or otherwise) and for which provision for payment as required herein has been made. "Paying Agent" means FNBB or any other paying agent appointed in accordance with Section 1210 hereof. "Payment Date" means each date on which any principal of, premium, if any, or interest on any Bond is due and payable for any reason. "Persons" means natural persons, firms, associations, partnerships, trusts, corporations, public bodies and other legal entities. "Plans and Specifications" means the Project Information Statement. "Pledged Receipts" means all of the Issuer's right, title and interest in the Loan and all payments and other revenues received or receivable by the Issuer, or the Trustee for the account of the Issuer, in respect of the Loan, including without limitation moneys, investments and proceeds in the Bond Fund and Project Fund, except for payments to the issuer under clauses (a) and (b) of Section 1001B or under Section 1008, and subject to the provisions of Section 507 regarding moneys for the benefit of the holders of particular Bonds.
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Option to Convert means the Count y's right and option to convert the rate of interest pay- able on Series 2003-B Warrants from an Adjustable Rate to a Fixed Rate as provided in Section 4.2.
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Related to Option to Convert

  • Conversion Option means the Company’s option to convert some or all of the Series D Preferred Stock into that number of shares of Common Stock that are issuable at the then-applicable conversion rate as described in Section 8(c) of these Articles Supplementary.

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Optional Conversion means the conversion of any Convertible Preferred Stock other than a Mandatory Conversion.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Purchase Option Notice As defined in Section 3.18(e).

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Exercise Notice Deadline In respect of any exercise of Options hereunder on any Conversion Date, the “Scheduled Trading Day” prior to the scheduled first “VWAP Trading Day” of the “Observation Period” (each as defined in the Indenture, but, in the case of any such Observation Period, as modified by the provision set forth opposite the caption “Convertible Security Settlement Method”) relating to the Convertible Securities converted on the Conversion Date occurring on the relevant Exercise Date; provided that in the case of any exercise of Options hereunder in connection with the conversion of any Relevant Convertible Securities on any Conversion Date occurring during the period starting on and including June 4, 2020 and ending on and including the second “Scheduled Trading Day” immediately preceding the “Maturity Date” (each as defined in the Indenture) (the “Final Conversion Period”), the Exercise Notice Deadline shall be noon, New York City time, on the “Scheduled Trading Day” (as defined in the Indenture) immediately preceding the “Maturity Date” (as defined in the Indenture).

  • Demand Exercise Notice has the meaning set forth in Section 2.1(a).

  • Option to Extend has the meaning given that term in Section 2.13.

  • Option Exercise Notice has the meaning provided in Section 3.6 below.

  • Exercise Notice has the meaning set forth in Section 3.2(1);

  • Series A Redemption Notice has the meaning set forth in Section 16.6(b).

  • Option Notice has the meaning set forth in Section 5.2(a).

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Notice of Exercise means a notice in writing addressed to the Company at its address first recited, which notice shall specify therein the number of Optioned Shares in respect of which the Option is being exercised;

  • New Exercise Date means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

  • Optional Redemption Notice shall have the meaning set forth in Section 6(a).

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Conversion Notice has the meaning specified in Section 4.02(b).

  • Early Opt-in Election means the occurrence of:

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).

  • Initial Warrant Exercise Date means __________, 1997.