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).
Sample 1
Conversion Term Loans as defined in Section 2.5.
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Examples of Conversion Term Loans in a sentence

  • 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.

  • Western Power believes that System Management’s knowledge of the NCS prices will not disadvantage any party and may enhance the efficiency of market operation.

  • If application to the Conversion Term Loans of any prepayment required under this Section 5.4 reduces the Conversion Term Loans to zero, the remaining amount of such prepayment shall be applied to reduce the Revolving Loan and the Revolving Commitment shall be automatically and permanently reduced by an equivalent amount.

  • 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.

  • 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.

  • 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.

  • On the last day of those Terms, those Original Term Loans or Conversion Term Loans will be consolidated and treated as one Original Term Loan or Conversion Term Loan (as the case may be).

  • In the event of any extension of the Maturity Date for the Non-Bridge Revolving Facility and any Conversion Term Loans, in each case on the terms set forth in Section 2.20, the Total Exposure shall automatically be permanently reduced to (i) $750,000,000 on September 30, 2002 and (ii) $500,000,000 on September 30, 2003.

  • Upon payment in full of the Revolving Credit Loans or conversion of such Revolving Credit Loans into Conversion Term Loans and receipt of a duly completed Conversion Term Note by each Lender, all Revolving Credit Notes theretofore outstanding will be returned to the Borrower.

  • The proceeds of the Revolving Credit Loans, the Conversion Term Loans and the Letters of Credit shall be used to finance Permitted Acquisitions, working capital needs, Capital Expenditures and other general corporate purposes of the Borrower and its Restricted Subsidiaries in the ordinary course of business.


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.

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

  • 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 the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • 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 has the meaning specified in Section 10.01.

  • 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 Incremental Term Lender, substantially in the form attached to the Incremental Term Supplement.

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