Converted Revolving Loans definition

Converted Revolving Loans see Section 3.7 -----------

Converted Revolving Loans is defined in Section 3.3(b) hereof.

Converted Revolving Loans has the meaning assigned to such term in Section 2.02(g).

Examples of Converted Revolving Loans in a sentence

• With respect to each of the installments payable on the Converted Revolving Loans pursuant to Section 3.7 of the Credit Agreement, each of NIS and NOVA shall be deemed obligated to pay each such installment according to the proportion that the principal amount of its Revolving Loans outstanding on the Revolving Conversion Date bears to the aggregate principal amount of all Revolving Loans outstanding on such date.

• The Borrower hereby authorizes and directs the Administrative Agent to apply the proceeds of Replacement Revolving Loans made by the Additional Replacement Revolving Lenders on the First Amendment Effective Date to refinance the outstanding Revolving Loans and Term Loans on such date which are not Converted Revolving Loans, Converted Term Loans or Converted Excess Term Loans.

• On the First Amendment Effective Date, any such Converted Revolving Loans which are outstanding as Eurocurrency Rate Loans shall be converted to Base Rate Loans or Eurocurrency Rate Loans with a new Interest Period, as the case may be, as provided in the Loan Notice referred to in Section 2.01(c)(i).

• The Borrower hereby authorizes and directs the Administrative Agent to apply the proceeds of Replacement Term Loans made by the Additional Replacement Term Lenders on the First Amendment Effective Date to refinance the outstanding Revolving Loans and Term Loans on such date which are not Converted Revolving Loans, Converted Term Loans or Converted Excess Term Loans.

• On the First Amendment Effective Date, the Converted Revolving Loans shall be converted for all purposes of this Agreement into Replacement Revolving Loans, and the Administrative Agent shall record in the Register the aggregate amount of Converted Revolving Loans so converted into Replacement Revolving Loans.

• Copies of your orders and discharge papers must accompany your return.

• All Converted Revolving Loans shall constitute the same Revolving Borrowing.

• All Converted Revolving Loans and other Revolving Loans borrowed on the Closing Date shall constitute the same Borrowing.

• Converted Revolving Loans shall be treated for all purposes hereunder as applying towards such Lender’s Replacement Revolving Loans requested by the Borrower to be made on the First Amendment Effective Date pursuant to clause (i) of this Section 2.01(c).

More Definitions of Converted Revolving Loans

Converted Revolving Loans is defined in Section 2.1(a).

Converted Revolving Loans means each Existing Revolving Loan held by a Consenting Revolving Lender on the Second Amendment Effective Date immediately prior to the funding of the corresponding Term A-3 Loan on such date.