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.

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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

• If the Borrower does not exercise the Tranche D Term Loan Conversion Option and such Revolving Facility Tranche D Lender is not replaced as set forth below, the Credit under the Revolving Facility Tranche D shall be reduced accordingly on the date set forth in the immediately preceding sentence.

• If any Revolving Facility Tranche D Lender fails to so respond, such Revolving Facility Tranche D Lender shall be deemed to have refused the Tranche D Extension Request, and, unless the Borrower exercises the Tranche D Term Loan Conversion Option (as defined below), the Commitment of such Revolving Facility Tranche D Lender under the Revolving Facility Tranche D will terminate on the then expiry date of the Term of the Revolving Facility Tranche D.

• If all of the Commitments in respect of the Revolving Facility Tranche B are extended or taken up by existing or new Revolving Facility Tranche B Lenders, then the Borrower shall not be permitted to exercise the Tranche B Term Loan Conversion Option until the expiry of the extended Term.

• If any Revolving Facility Tranche B Lender fails to so respond, such Revolving Facility Tranche B Lender shall be deemed to have refused the Tranche B Extension Request, and, unless the Borrower exercises the Tranche B Term Loan Conversion Option (as defined below), the Commitment of such Revolving Facility Tranche B Lender under the Revolving Facility Tranche B will terminate on the then expiry date of the Term of the Revolving Facility Tranche B.

• If the Borrower has exercised the Tranche D Term Loan Conversion Option, the Borrower is not permitted to make a Tranche D Extension Request.

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 and “Converted” shall refer to a conversion pursuant to Section 2.3(f) or Section 4 of one Type of Loan into another Type of Loan.

Conversion has the meaning set forth in Section 13(B).

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 has the meaning set forth in the Recitals.