Conversion Term Loan definition

Conversion Term Loan means a Loan that is made under the Original Term Loan Facility on the Fifth Effective Date.
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Conversion Term Loan shall have the meaning given such term in -------------------- Paragraph 1
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Examples of Conversion Term Loan in a sentence

  • If the Revolving Credit Loans are converted into the Conversion Term Loan, as provided in Section 2.8(a), the date which is the third anniversary of the Borrowing Base Maturity Date.

  • Any Conversion Term Loan shall bear interest on the outstanding principal amount thereof at the following rates: (x) to the extent such Loan is a Base Rate Loan, at a rate per annum equal to the Base Rate, plus .50% and (y) to the extent such Loan is a Eurodollar Loan, at a rate per annum equal to the Eurodollar Rate, plus 2.50%.

  • To the extent the Conversion Term Loan is a LIBOR Conversion Loan, it shall bear interest on the outstanding principal amount thereof, for each interest period applicable thereto, at a rate per annum equal to the LIBOR Rate plus the Applicable Margin.

  • Such prepayments shall be (a) made in accordance with Section 2.9, (b) made contemporaneously with the receipt of any such tax refund and (c) applied to the remaining scheduled principal repayments of the Conversion Term Loan in the inverse order of maturity.

  • Following the initial issuance of any Preferred Stock, if prior to the later of (x) June 30, 2021 and (y) two Business Days following such initial issuance, at least 50% of the principal amount of the outstanding Term Loans as of such initial issuance date shall not have been prepaid pursuant to a Cashless Stock Conversion Term Loan Prepayment.

  • Not more than twelve (12) Line of Credit Eurodollar Rate Tranches shall be permitted at any time, and not more than two (2) Conversion Term Loan or Acquisition Term Loan Eurodollar Rate Tranches shall be permitted at any time.

  • Borrower may wholly prepay any Conversion Term Loan (provided such Loans are Adjusted CBR Loans) at any time, and may make partial prepayments on any Conversion Term Loan in whole multiples of $100,000 from time to time, but only if (i) Borrower gives Lender written notice of Borrower's intention to make such prepayment at least one Business Day prior to tendering the prepayment, and (ii) Borrower pays any accrued interest on the amount prepaid at the time of such prepayment.

  • If the Revolving Credit Loans are converted into the Conversion Term Loan, as provided in Section 2.9(a), the date which is the second anniversary of the Borrowing Base Maturity Date.

  • The Conversion Term Loan shall be evidenced by promissory notes of the Companies in the form of Exhibit "D" hereto, dated the day following the Drawdown Termination Date, payable to the order of each Lender respectively (together with any and all renewals, extensions, rearrangements and/or modifications thereof, the "Conversion Term Notes"), in the Lenders' respective proportionate amount of the Conversion Term Loan, with appropriate insertions.

  • Each partial prepayment on a Conversion Term Loan shall be applied to the remaining principal installments in the inverse order of their due dates.

Related to Conversion Term Loan

  • Base Rate Term Loan means a Term Loan that is a Base Rate Loan.

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Term Loan Conversion Date means the Termination Date on which all Revolving Credit Advances outstanding on such date are converted into a term loan pursuant to Section 2.06.

  • Incremental Term Note means a promissory note made by the Borrower in favor of an Incremental Term Lender, evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Incremental Term A Loans has the meaning specified in Section 2.14(a).

  • Incremental Term Loan Note means a promissory note made by the Borrower in favor of an Incremental Term Lender evidencing the Incremental Term Loans made by such Incremental Term Lender, and any amendments, supplements and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Conversion therapy means any practice or treatment as defined in § 54.1-2409.5 A of the Code of Virginia.

  • Incremental Term Loan Amount means, at any time, the excess, if any, of (a) $25,000,000 over (b) the sum of (i) the aggregate increase in the Revolving Credit Commitments established at or prior to such time pursuant to Section 2.24 and (ii) the aggregate amount of all Incremental Term Loan Commitments established prior to such time pursuant to Section 2.25.

  • Incremental Term B Loans has the meaning specified in Section 2.14(a).

  • Additional Term Loan has the meaning specified in Section 2.01(c).

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Default Conversion Price shall have the meaning set forth in Section 4(b).

  • Tranche B Term Loan as defined in Section 2.1.

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Incremental Term Loan Lender shall have the meaning provided in Section 2.15(b).