Conversion Date Mechanics Clause Samples

Conversion Date Mechanics. On the Conversion Date, the following shall occur: (i) Subject to the satisfaction of the conditions precedent set forth in Section 4.03 of this Agreement, (A) each party hereto shall execute the Maturity Loan “A” Agreement in the form attached as Exhibit A hereto, as amended, if necessary, to comply with Section 4.03(f) hereof, and (B) each Lender shall deliver its Dutch “A” Note to the Administrative Agent in exchange for a Maturity “A” Note, and (ii) The Borrower shall deliver a Maturity “A” Note (as defined in the Maturity Loan “A” Agreement) to each Lender in exchange for such Lender’s Dutch “A” Note. Upon issuance of the Maturity “A” Notes in exchange for the Dutch “A” Notes, the applicable Dutch “A” Notes shall be deemed to have been paid in full. The parties agree that the conversion of the loans into the Maturity Loans shall not constitute novation of the obligations of the Credit Parties.