Conversion of Tranches Sample Clauses

Conversion of Tranches. Where the Borrower exercises an option to convert the interest rate basis of a Tranche, it shall, from the effective date of the conversion, pay interest at a rate determined in accordance with the provisions of the relevant Schedule to this Contract.
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Conversion of Tranches. Provided that no Event of Default has o ccurred that has not been waived in writing by Lenders, Borrower may at any time (i) convert a Tranche of one type into a Tranche of another type, or (ii) at the end of any Interest Period for a LIBOR Tranche, continue such LIBOR Tranche for an additional Interest Period; provided, however, that if a LIBOR Tranche is converted or continued on a day that is not the last day of its Interest Period, Borrower shall pay to Agent, for the account of Lenders, an amount calculated in accordance with Section 7.2. To cause a conversion or continuation, Borrower shall give Agent, prior to 11:00 a.m., St. Louis time, two (2) Business Days prior to the date the conversion or continuation is to be effective, a written request (which may be mailed, personally delivered or telecopied as provided in Section 19.2) (a "Notice of Conversion/Continuation") (i) identifying the Tranche to be converted or continued, (ii) specifying whether a conversion or continuation is
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Conversion of Tranches. (a) NAFCO shall have the option prior to the Amortization Commencement Date, on the last day of any Yield Period with respect to any Tranche to (i) convert all or any part of any such Eurodollar Tranche to form a part of the Prime Tranche and/or to continue all or any part of such Eurodollar Tranche as a new Eurodollar Tranche the Yield Period for which shall commence on the last day of such prior Yield Period, or (ii) convert all or any part of the Prime Tranche to form all or a part of a Eurodollar Tranche. If NAFCO wishes to convert and/or continue a Tranche under this Section 2.5, NAFCO shall notify the Purchaser (i) in the case of a conversion to or continuation of a Eurodollar Tranche, not later than 9:00 a.m., New York City time, two Business Days prior to the date of the proposed conversion or continuation Date and (ii) otherwise, not later than 3:00 p.m., New York City time, one Business Day prior to the date of the proposed conversion or continuation. Each such notice shall be irrevocable and shall refer to this Agreement and specify (1) the identity and amount of the Tranche that NAFCO wishes to convert or continue, (2) whether such Tranche is to be converted to or continued as a Eurodollar Tranche or all or part of the Prime Tranche and (3) the date of the proposed conversion or continuation (which shall be a Business Day). If NAFCO shall not have delivered a timely notice in accordance with this Section 2.5 with respect to any Tranche, such Tranche shall, at the end of the Yield Period applicable thereto (unless repaid pursuant to the terms hereof), automatically be converted into or continued as a Eurodollar Tranche with a Yield Period concluding on the next succeeding Distribution Date.
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Related to Conversion of Tranches

  • Limitation of Transactions So long as any Capital Securities remain outstanding, if (a) there shall have occurred and be continuing an Event of Default or (b) the Guarantor shall have selected an Extension Period as provided in the Declaration and such period, or any extension thereof, shall have commenced and be continuing, then the Guarantor may not (x) declare or pay any dividends or distributions on, or redeem, purchase, acquire, or make a liquidation payment with respect to, any of the Guarantor's capital stock or (y) make any payment of principal of or interest or premium, if any, on or repay, repurchase or redeem any debt securities of the Guarantor that rank pari passu in all respects with or junior in interest to the Debentures (other than (i) payments under this Guarantee, (ii) repurchases, redemptions or other acquisitions of shares of capital stock of the Guarantor (A) in connection with any employment contract, benefit plan or other similar arrangement with or for the benefit of one or more employees, officers, directors, or consultants, (B) in connection with a dividend reinvestment or stockholder stock purchase plan or (C) in connection with the issuance of capital stock of the Guarantor (or securities convertible into or exercisable for such capital stock), as consideration in an acquisition transaction entered into prior to the occurrence of the Event of Default or the applicable Extension Period, (iii) as a result of any exchange or conversion of any class or series of the Guarantor's capital stock (or any capital stock of a subsidiary of the Guarantor) for any class or series of the Guarantor's capital stock or of any class or series of the Guarantor's indebtedness for any class or series of the Guarantor's capital stock, (iv) the purchase of fractional interests in shares of the Guarantor's capital stock pursuant to the conversion or exchange provisions of such capital stock or the security being converted or exchanged, (v) any declaration of a dividend in connection with any stockholder's rights plan, or the issuance of rights, stock or other property under any stockholder's rights plan, or the redemption or repurchase of rights pursuant thereto, or (vi) any dividend in the form of stock, warrants, options or other rights where the dividend stock or the stock issuable upon exercise of such warrants, options or other rights is the same stock as that on which the dividend is being paid or ranks pari passu with or junior to such stock).

  • Selection and Continuation of Tranche Periods (a) With consultation from (and approval by) the Agent, Seller shall from time to time request Tranche Periods for the Purchaser Interests of the Financial Institutions, provided that, if at any time the Financial Institutions shall have a Purchaser Interest, Seller shall always request Tranche Periods such that at least one Tranche Period shall end on the date specified in clause (A) of the definition of Settlement Date.

  • Minimum Amounts of Tranches All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Loans comprising each Eurodollar Tranche shall be equal to $5,000,000 or a whole multiple of $1,000,000 in excess thereof.

  • Execution of Transactions (a) In executing transactions for the Assets, selecting brokers or dealers and negotiating any brokerage commission rates, the Sub-Adviser will use its best efforts to seek the best overall terms available. In assessing the best overall terms available for any portfolio transaction, the Sub-Adviser will consider all factors it deems relevant including, but not limited to, the breadth of the market in the security, the price of the security, the financial condition and execution capability of the broker or dealer and the reasonableness of any commission for the specific transaction and for transactions executed through the broker or dealer in the aggregate. In selecting brokers or dealers to execute a particular transaction and in evaluating the best overall terms available, to the extent that the execution and price offered by more than one broker or dealer are comparable the Sub-Adviser may consider any brokerage and research services (as those terms are defined in Section 28(e) of the Securities Exchange Act of 1934) provided to the Sub-Adviser or to CSAM for use on behalf of the Fund or other clients of the Sub-Adviser or CSAM.

  • As Of Transactions For purposes of this Article M, the term “

  • Replacement of Transfer Agent In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

  • Notice of Transfers In the event of any transfer of funds or Financial Assets to the Reserve Account pursuant to any provision of Section 4, Secured Party, or Pledgor, as the case may be, shall promptly, after initiating or sending out written instructions with respect to such transfer, give notice to the other such party by facsimile of the date and amount of such transfer.

  • Aggregation of Trades Subadviser, to the extent permitted by applicable laws and regulations, may, but shall be under no obligation to, aggregate the securities or other investments to be sold or purchased for the Fund as well as other clients of Subadviser in order to seek best execution. In such event, allocation of the securities or futures contracts so purchased or sold, as well as the expenses incurred in the transaction, will be made by Subadviser in the manner Subadviser considers to be the most equitable and consistent with its fiduciary obligations to the Fund and to such other clients.

  • Description of Transaction 1.1 Merger of Merger Sub into the Company. Upon the terms and subject to the conditions set forth in this Agreement, at the Effective Time (as defined in Section 1.3), Merger Sub shall be merged with and into the Company, and the separate existence of Merger Sub shall cease. The Company will continue as the surviving corporation in the Merger (the “Surviving Corporation”).

  • Registration of Transfer The Warrant Agent shall register the transfer, from time to time, of any outstanding Warrant upon the Warrant Register, upon surrender of such Warrant for transfer, properly endorsed with signatures properly guaranteed and accompanied by appropriate instructions for transfer. Upon any such transfer, a new Warrant representing an equal aggregate number of Warrants shall be issued and the old Warrant shall be cancelled by the Warrant Agent. The Warrants so cancelled shall be delivered by the Warrant Agent to the Company from time to time upon request.

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