Facility B Conversion Date definition

Facility B Conversion Date means the date on which the conditions precedent set forth in Section 3.4 hereof are satisfied with respect to Facility B.
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Facility B Conversion Date shall have the meaning as described thereto in the Facility B Loan Agreement.
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Facility B Conversion Date means the 365th day following the Agreement Date.
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Examples of Facility B Conversion Date in a sentence

  • The amendment of the definition of "Facility B Conversion Date" in Section 1 shall be effective upon the execution and delivery hereof by the Required Lenders.

  • The Lenders having Facility B Commitments agree, severally in accordance with their respective Facility B Commitment Ratios and not jointly, upon the terms and subject to the conditions of this Agreement, to lend and relend to the Borrower, prior to the Facility B Conversion Date, amounts which in the aggregate at any one time outstanding do not exceed the Available Facility B Commitment (as it may be reduced from time to time pursuant to the terms hereof).

  • The commitment fee shall be computed on the basis of a year of 365/366 days for the actual number of days elapsed and shall be payable quarterly in arrears for each quarter on the last day of each calendar quarter (and on the Facility B Conversion Date) commencing on March 31, 1999.

  • The Bank agrees to consider making Advances to the Borrower from time to time during the period from the date hereof to and including the Facility B Conversion Date in an aggregate amount not to exceed at any time outstanding the Facility B Amount.

  • The Tranche A Borrower shall prepay on the Facility A Conversion Date the outstanding Obligations to the extent required pursuant to Section 4.1(e)(v) of the Collateral Account Agreement and (ii) the Tranche B Borrower shall prepay on the Facility B Conversion Date the outstanding Obligations to the extent required pursuant to Section 4.1(e)(v) of the Collateral Account Agreement.

  • Each such installment other than the final installment shall be in an amount equal to a percentage of the principal balance of the Facility B Note outstanding at the close of business on the Facility B Conversion Date.

  • On the Facility B Conversion Date, all outstanding Facility B Loans shall convert to term loans and there shall be no increase in the principal amount outstanding under the Facility B Loans on or after the Facility B Conversion Date.

  • On the Facility B Conversion Date, or, if earlier, the date on which Facility B is terminated pursuant to Section 7.2, the Borrower shall pay to the Bank an origination fee equal to 50 basis points (0.50%) on the excess, if any, of the principal balance of the Facility B Note on that date over $500,000.

  • Except with respect to Permitted Asset Sales, at any time prior to the Facility B Conversion Date, on the Business Day after the receipt by the Borrower or any Restricted Subsidiary of the Borrower of any Facility B Net Proceeds with respect to any sale of any equity ownership in any Restricted Subsidiary or assets of the Borrower or any Restricted Subsidiary of the Borrower, the Facility B Commitment shall be permanently reduced by an amount equal to 100% of the Facility B Net Proceeds of such sale.

  • Subject to the terms hereof, after the Facility B Conversion Date, Advances under the Facility B Commitment may be repaid and reborrowed only to effect a change in the Interest Rate Basis or Interest Periods relating thereto.


More Definitions of Facility B Conversion Date

Facility B Conversion Date means September 30, 1999.
Sample 1
Facility B Conversion Date means February 24, 2001."
Sample 1
Facility B Conversion Date in Section 1 shall be effective upon the execution and delivery hereof by the Required Lenders. Section 1(b) hereof shall, subject to the execution and delivery hereof by the Arrangers, be effective on the "Effective Date" (as defined in that certain Agreement and Plan of Merger between the Borrower and Gemstar) of the Gemstar Merger (the "Effective Date"). Notwithstanding any other section hereof and subject to the execution and delivery hereof by the Required Lenders, Sections 1 and 2 of this Amendment shall be effective on the Effective Date.
Sample 1
Facility B Conversion Date means September 24, 1998, as such date may be extended from time to time pursuant to Section 2.05(c).
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Related to Facility B Conversion Date

  • 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.

  • Automatic Conversion Date shall have the meaning specified in Section 15.12(a).

  • Optional Conversion Date means, with respect to the Optional Conversion of any Convertible Preferred Stock, the first Business Day on which the requirements set forth in Section 10(d)(ii) for such conversion are satisfied.

  • Final Conversion Date means 5:00 p.m. in New York City, New York on the earlier to occur following the IPO of (i) the first Trading Day falling on or after the date on which the outstanding shares of Class B Common Stock represent less than ten percent (10%) of the aggregate number of shares of the then outstanding Class A Common Stock and Class B Common Stock, (ii) the tenth (10th) anniversary of the IPO or (iii) the date specified by affirmative vote of the holders of a majority of the outstanding shares of Class B Common Stock, voting as a single class.

  • Mandatory Conversion Date has the meaning set forth in Section 7(a).

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

  • Conversion Date shall have the meaning set forth in Section 4(a).

  • Judgment Conversion Date as defined in subsection 10.8(a).

  • Forced Conversion Date shall have the meaning set forth in Section 6(d).

  • Revolving Line Maturity Date is that date which is two (2) years following the Effective Date.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Automatic Conversion means the irrevocable and automatic release of all of the Issuer’s obligations under the Securities (other than the CSO Obligations, if any) in consideration of the Issuer’s issuance of the Conversion Shares at the Conversion Price to the Conversion Shares Depository (on behalf of the holders of the Securities) or to the relevant recipient, in accordance with the terms of the Securities.

  • Tranche B Term Loan Maturity Date means October 20, 2016.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Conversion/Continuation Date means the effective date of a continuation or conversion, as the case may be, as set forth in the applicable Conversion/Continuation Notice.

  • Major conversion means a conversion of an existing ship:

  • Term B Maturity Date means January 31, 2025.

  • Swingline Maturity Date means, with respect to any Swingline Loan, the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Term B Loan Maturity Date means December 7, 2023.

  • Commitment Date has the meaning specified in Section 2.18(b).

  • Revolving Loan Commitment Termination Date means the earliest of

  • Revolving Maturity Date means April 22, 2024 (or, with respect to any Revolving Lender that has extended its Revolving Commitment pursuant to a Permitted Amendment, the extended maturity date, set forth in any such Loan Modification Agreement).

  • Interest Conversion Rate means the lesser of (a) the Conversion Price or (b) 90% of the lesser of (i) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the applicable Interest Payment Date or (ii) the average of the VWAPs for the 20 consecutive Trading Days ending on the Trading Day that is immediately prior to the date the applicable Interest Conversion Shares are issued and delivered if such delivery is after the Interest Payment Date.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Revolving Loan Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.