Conversion Term Loans definition

Conversion Term Loans is defined in Section 1.1(d) hereof.
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Conversion Term Loans term loans made to the Borrower by the Lenders on the Commitment Termination Date in the principal amount of the outstanding Revolving Credit Loans converted on the Commitment Termination Date to Term Loans pursuant to Section 2.1(d).
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Conversion Term Loans as defined in Section 2.5.
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Examples of Conversion Term Loans in a sentence

  • On the 364-Day Revolving Credit Termination Date, outstanding 364-Day Revolving Credit Loans shall be converted to Conversion Term Loans in accordance with such notice.

  • AMOUNT AND TERMS OF COMMITMENTS 33 2.1 Term Loan Commitments 33 2.2 Procedure for Term Loan Borrowing 33 2.3 Revolving Credit Commitments 33 2.4 Procedure for Revolving Credit Borrowing 35 2.5 Conversion Term Loans 35 2.6 Repayment of Term Loans 36 2.7 Repayment of Loans; Evidence of Debt 37 2.8 Commitment Fees, etc.

  • The 364-Day Revolving Credit Loans of each 364-Day Revolving Credit Lender, to the extent not converted to Conversion Term Loans on the 364-Day Revolving Credit Termination Date, shall mature and be payable in full on such date.

  • Lender shall have the right to assign its rights and to delegate its obligations under the Loan Documents to one or more financial institutions selected by Lender and reasonably acceptable to Borrower that assumes Lender's obligations to make Revolving Advances, Convertible Revolving Advances, and Conversion Term Loans to Borrower subject to the terms and conditions herein.

  • If Borrower sells any of its assets in a single transaction or related series of transactions that are not in the ordinary course of business, Borrower shall make a prepayment on the Conversion Term Loans in the amount of the gross proceeds therefrom less reasonable selling expenses and the increment in federal, state and local income taxes, if any, payable as a consequence of any taxable gain from such sale.

  • On the Delayed Draw Term Loan Commitment Termination Date, outstanding Delayed Draw Term Loans shall be converted to Conversion Term Loans in accordance with such notice.

  • Optional prepayments of the Term Loans shall be applied to the Conversion Term Loans, the Tranche B Term Loans and the Tranche C Term Loans ratably and to the installments thereof ratably in accordance with the then outstanding amounts thereof and may not be reborrowed.

  • Each prepayment under this Section 5.4 that is required to be applied to reduce the Conversion Term Loans shall be applied to the Conversion Term Loans in such order as Lender determines in its sole and absolute discretion.

  • On the Revolving Credit Termination Date or Delayed Draw Term Loan Commitment Termination Date, outstanding Revolving Credit Loans shall be converted to Conversion Term Loans in accordance with such notice.

  • Any funds remaining in the Proceeds Account upon completion of the rebuilding, repairing or replacing of such property shall be applied to reduce the Conversion Term Loans.


More Definitions of Conversion Term Loans

Conversion Term Loans shall have the meaning assigned to such term in Section 2.21.
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Conversion Term Loans on any date, the outstanding principal balance of all Conversion Term Loans as of such date.
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Related to Conversion Term Loans

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

  • 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.

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

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

  • New Term Loans as defined in Section 2.24.

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

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • 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.

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

  • 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.

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • 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.

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

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • 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.

  • 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.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

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

  • 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.

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

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

  • 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 Lender, substantially in the form of Exhibit B-2.

  • Continuation/Conversion Date means the date on which a Loan is converted into or continued as a LIBOR Rate Loan.