Term Loan Conversion Date Sample Clauses

Term Loan Conversion Date. The Term Loan Conversion Date is subject to the satisfaction of the following conditions: (a) The representations and warranties of each Credit Party set forth in each Loan Document to which it is a party (other than those set forth in Section 3.05(b) and Section 3.06(a)(ii)) shall be true and correct in all material respects (except to the extent such representation or warranty is already qualified by materiality or Material Adverse Effect, in which case, in all respects) on and as of the Term Loan Conversion Date, except to the extent any such representation and warranty expressly relates to an earlier date in which case such representation and warranty shall be true and correct in all material respects as of such earlier date (except to the extent such representation or warranty is already qualified by materiality or Material Adverse Effect, in which case, in all respects). (b) At the time of the conversion of the Revolving Loans (or applicable portion thereof) into Term Loans on the Term Loan Conversion Date and immediately after giving effect to such conversion, no Default or Event of Default shall have occurred and be continuing. (c) The Administrative Agent shall have received for the ratable account of the Lenders a fee equal to 0.50% of the aggregate principal amount of the Revolving Loans converted to Term Loans on the Term Loan Conversion Date.

Term Loan Conversion Date. The Term Loan Conversion Date is subject to the satisfaction of the following conditions: (a) On the Term Loan Conversion Date and after giving effect thereto, the following statement shall be accurate: (x) the representations and warranties contained in ‎Article 4 (other than those set forth in ‎Section 4.04(b) and in ‎Section 4.07) are accurate in all material respects on and as of such date as if made on and as of such date, except to the extent any such representation or warranty (1) relates solely to an earlier date, in which case it shall be accurate in all material respects as of such earlier date, or (2) is qualified by materiality or subject to a Material Adverse Effect qualification, in which case it shall be accurate in all respects on and as of such date or such earlier date as specified in clause ‎(1) above and (y) no Default has occurred and is continuing or would result from the Term Loan Conversion Date. (b) The Administrative Agent shall have received for the ratable account of the Lenders a fee equal to 1.00% of the aggregate principal amount of the Revolving Loans converted to Term Loans on the Term Loan Conversion Date.

Term Loan Conversion Date. If the Term Loan Election has been made pursuant to Section 2.05, the term loan conversion shall occur on the date on which the following conditions are satisfied (or such conditions shall have been waived in accordance with Section 9.05): (a) the representations and warranties of the Borrower contained in this Agreement (except those contained in Sections 4.04(b), 4.05(a) and 4.11) shall be true on and as of the Term Loan Conversion Date; (b) at the time of and immediately after giving effect to such conversion, no Default with respect to the Borrower shall have occurred or be continuing; and (c) the Administrative Agent shall have received, for the ratable account of the Lenders, a fee equal to 0.10% of the aggregate principal amount of the Loans outstanding on the Term Loan Conversion Date.