Conversion Option and Conditions Clause Samples

Conversion Option and Conditions. Subject to this Agreement, the Borrower may, during the term of this Agreement, effective on any Business Day, convert, in whole or in part, an outstanding Advance into another type of Advance permitted under the relevant Credit Facility upon giving written notice to the Bank in substantially the form attached hereto as Exhibit 2, the notice period being that which would be applicable to the type of Advance into which the outstanding Advance is to be converted under Section 3 of the Standard Terms and Conditions. Conversions under this Agreement may only be made provided that: