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Conversion definition

Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of the other Type pursuant to Section 2.08 or 2.09.
Conversion shall have the meaning ascribed to such term in Section 4.
Conversion and “Converted” each refers to a conversion of Loans of one Type into Loans of another Type.

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.


More Definitions of Conversion

Conversion and "Converted" each refers to a conversion of Revolving Credit Advances of one Type into Revolving Credit Advances of the other Type pursuant to Section 2.08 or 2.09.
Conversion has the meaning set forth in Section 13(B).
Conversion and "Converted" shall refer to a conversion pursuant to Section 2.6 or Article 4 of one Type of Loan into the other Type of Loan.
Conversion and “Converted” shall refer to a conversion pursuant to Section 2.05 of one Type of Loan into another Type of Loan, which may be accompanied by the transfer by a Lender (at its sole discretion) of a Loan from one Applicable Lending Office to another.
Conversion and “Converted” each refers to a conversion of Advances of one Type into Advances of another Type or the selection of a new, or the renewal of the same, Interest Period for Eurodollar Rate Advances pursuant to Section 2.09 or 2.10.
Conversion means, in respect of any Securities, any irreversible conversion by the Underlying Company of such Securities into other securities.
Conversion shall refer to a conversion pursuant to Section 2.3 or Article III of one Type of Loan into another Type of Loan.