Conversions and Rollovers. The obligation of the Lenders to make any Accommodation by Conversion or Rollover shall be subject to the condition precedent that no Default or Event of Default shall have occurred and be continuing, and an authorized officer of the Borrower shall so certify to the Lenders in the applicable Accommodation Request.
Conversions and Rollovers. Subject to the terms and conditions of this Agreement, on each Borrowing Conversion Date and Borrowing Rollover Date in respect of a Conversion or Rollover of a Borrowing, in immediately available funds for good value, each relevant Lender will Convert or Rollover the amount of such Borrowing held by it.
Conversions and Rollovers. The obligation of the Lenders to make any Accommodation by Conversion or Rollover under the Credit Facility shall be subject to the condition precedent that no Default or Event of Default shall have occurred and be continuing, and (except in the case of Swingline Advances) a Senior Financial Officer shall so certify to the Lenders in the applicable Accommodation Request.
Conversions and Rollovers. The Borrower will have the option at any time during the term of this Agreement, provided that no Event of Default has occurred and is continuing:
(1) Upon giving the Agent prior written notice of a conversion in accordance with the period of notice and other requirements set out in Section 2.06 (other than delivery of a Notice of Borrowing) in respect of the type of Accommodation to which any Accommodation is being converted, such notice to be substantially in the form of Schedule 4 (a "NOTICE OF CONVERSION/ROLLOVER"), (other than a Letter of Credit) to another type of Accommodation (other than a Letter of Credit). Notwithstanding the foregoing, (i) a Bankers' Acceptance and BA Equivalent Note may only be converted on its maturity date, (ii) a LIBOR Loan may only be converted on the last day of the LIBOR Period applicable to such LIBOR Loan, and (iii) Accommodation outstanding under Tranche B may not be converted to Accommodation which is not in the same currency. The conversion of an Accommodation to another type of Accommodation which is not in the same currency shall be effected by repayment of the outstanding Accommodation being converted and a readvance to the Borrower of the Accommodation into which such conversion was made (such advance to be in an Equivalent Amount as the repayment). In all other cases, the conversion of Accommodation to another type of Accommodation (i) will convert the obligation of the Borrower from the one Accommodation to the other but will not affect the underlying obligation, and (ii) outstanding Accommodation will be converted to another type of Accommodation in an aggregate Cdn. or U.S. Dollar amount (as applicable) equal to the aggregate Cdn. or U.S. Dollar amount (as applicable) of such outstanding Accommodation.
(2) Upon giving the Agent prior written notice thereof by way of a Notice of Conversion/ Rollover, and in accordance with the period of notice and other requirements set out in Section 2.06
Conversions and Rollovers. 48 6.1 Conversions.......................................................................48 6.2 Rollovers.........................................................................49 6.3 Conversions to and Rollovers of Acceptances.......................................49 6.4 Not a Repayment...................................................................50
Conversions and Rollovers. If so requested by the Required Revolving Lenders, the Operating Lender or the Required Term A Lenders, as applicable, the obligation of the relevant Pro Rata Lenders to make any Accommodation by Conversion or Rollover under any of the Pro Rata Facilities shall be subject to the condition precedent that no Event of Default shall have occurred and be continuing, and a Senior Officer of the Borrower shall so certify to such Lenders in the applicable Accommodation Request.
Conversions and Rollovers. If the Borrower fails to deliver a notice of Rollover or Conversion with respect to a maturing Bankers’ Acceptance, then it will be automatically converted to a Prime Advance equal to the face amount of the maturing Bankers’ Acceptance, as applicable. Conversions and Rollovers shall only be made on the maturity date of the Bankers’ Acceptance, as applicable.
Conversions and Rollovers. 46 6.4 DEEMED REPRESENTATION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 6.5 CONDITIONS SOLELY FOR THE BENEFIT OF THE LENDERS. . . . . . . . . . . . . . . . . . . . . . . . . . . 46 6.6
Conversions and Rollovers. The Reinsurer will continue to reinsure policies resulting from the contractual conversion of any policy reinsured under this Agreement, in an amount not to exceed the original amount reinsured. If the plan to which the original policy is converting is reinsured by the Reinsurer, either under this Agreement or under a different Agreement, reinsurance premium rates for the resulting converted policy will be those contained in the Agreement that covers the plan to which the original policy is converting. However, if the new plan is not reinsured by the Reinsurer, reinsurance premiums for a policy resulting from a contractual conversion will use the rates shown in Schedule V. Reinsurance Premiums and any allowances for conversions will be on a point in scale basis from the original issue age of the policy. If the conversion results in an increase in the risk amount, the increase will be underwritten by the Ceding Company in accordance with its customary standards and procedures. The Reinsurer will accept such increases, subject to the new business provisions of the Agreement the increase falls under. Reinsurance premiums and any allowances for increased risk amounts will be first year premiums at the agreed upon premium rate. An original date policy reissue will not be treated as a continuation of the original policy. It will be treated as a new policy and the original policy will be treated as Not Taken. All premiums previously paid to the Reinsurer for the original policy will be refunded to the Ceding Company. All premiums will be due on the new policy from the original issue date of the old policy.
Conversions and Rollovers
