Examples of Conversion in a sentence
Subject to the satisfaction of the terms and conditions of Section 4.03 hereof, on each Conversion Date any unpaid principal amount of a Revolving Loan on such Conversion Date shall automatically convert into a Term Loan and the proceeds of such Term Loan shall be used to pay in full the related Revolving Loan.
The interest rate is the Reference Rate plus the Variable Spread or such rate as may apply following a Conversion; subject to Section 3.02(e) of the General Conditions.
If, in Landlord’s sole judgment, the Conversion is impossible or impractical, then the revised Price Index shall be deemed to replace the original Price Index for purposes of this Section.
In addition, the Currency Conversion Fee applies to transactions in (c) and (d) of the previous sentence.
The Bank agrees, on the terms and conditions hereinafter set forth, to make a Term Loan to the City on each Conversion Date in an amount equal to the outstanding principal amount of the related Revolving Loan that matures on such Conversion Date; provided, however, that the aggregate outstanding principal amount of all Loans by the Bank shall at no time exceed the amount of the Commitment.