Interest Rate Conversion Date definition

Interest Rate Conversion Date means the effective date of the Interest Rate Conversion upon which the new interest rate applies. This date shall be set forth in the Conversion Notification Letter.

Interest Rate Conversion Date shall have the meaning set forth in Section 2.4(b).

Interest Rate Conversion Date means, for an Interest Rate Conversion, such date as the Bank shall determine on which the Interest Rate Conversion enters into effect, as further specified in the Conversion Guidelines.

Examples of Interest Rate Conversion Date in a sentence

• With respect to any Prime Rate Advance, Company has the right, on any Business Day, as the case may be (a “Interest Rate Conversion Date”), to convert a Prime Rate Advance to a Eurodollar Advance, by giving Administrative Agent a Rollover Notice of such selection at least three (3) Business Days before the Interest Rate Conversion Date.

• From and after the date of the Interest Rate Conversion (the "Interest Rate Conversion Date") and for each Interest Accrual Period ending prior to the end of the Floating Rate Period which begins on such Interest Rate Conversion Date, interest on all of the Debentures shall accrue at the Subsequent Floating Rate.

• With respect to any Prime Rate Advance, Company has the right, on any or Business Day, as the case may be (a "Interest Rate Conversion Date"), to convert a Prime Rate Advance to a Eurodollar Advance, by giving Administrative Agent a Rollover Notice of such selection at least three (3) Business Days before the Interest Rate Conversion Date.

More Definitions of Interest Rate Conversion Date

Interest Rate Conversion Date means the Payment Due Date coinciding with the expiration of any applicable One Month LIBOR Rate Interest Period.

Interest Rate Conversion Date means that date which is the first day of the first month immediately following receipt by Payee of an applicable Interest Rate Notice of Election.

Interest Rate Conversion Date means the date upon which Agent receives evidence in form and substance satisfactory to Agent (i) of the closing of the Equity Transaction (without material contingencies or post closing items); (ii) that Borrower has resumed Normal Construction Activity on the Construction Facilities and the Tequesta Facilities; and (iii) that Borrower has cured all Events of Default and those events which would constitute an Event of Default but for notice and the expiration of relevant cure periods, unless the same have been expressly waived in writing by Agent.

Interest Rate Conversion Date means, as to each Loan, February 1, 2023.

Interest Rate Conversion Date means the date on which Payee makes to Maker an Advance with respect to which Maker has exercised its Interest Rate Conversion Option.

Interest Rate Conversion Date means the date specified as such in an Interest Rate Conversion Request Response.

Interest Rate Conversion Date means, with respect to the Permanent Loan Amount, the earlier of (i) , 20 , subject to extension at the sole discretion of the Servicer, and (ii) the first day of the month following the month in which the Conversion Date occurs.