Loan Conversion Date definition

Loan Conversion Date is defined in Section 2.1.

Loan Conversion Date means the date specified as such by the Servicer in the Notice of Loan Conversion, which date shall be at least fifteen (15) days following the date on which the Notice of Loan Conversion is delivered and shall be any Business Day of a month.

Loan Conversion Date shall have the meaning assigned to such term in Section 2.10.

Examples of Loan Conversion Date in a sentence

• Permanent Loan Conversion Date by which the construction loan is converted (replaced with) the permanent financing loan.

• Replacement Reserve Fund Beginning on the first to occur of April 1 or October 1 after the Loan Conversion Date, the Unit Reserve Amount shall be deposited on each April 1 and October 1 in the Replacement Reserve Fund solely from Surplus Cash, if any, or amounts received pursuant to the Guaranty.

• Each request for a Borrowing under this Agreement and the Term Loan Election in accordance with Section 6.2(c) constitutes a reaffirmation of these representations and warranties (other than the representations and warranties listed as “Material Adverse Effect”, “Litigation” and “Environmental Matters” on Exhibit B) as of the date of such Borrowing, such Term Loan Election and the Term Loan Conversion Date.

• Replacement Reserve Fund Beginning on the first to occur of January 1 or July 1 after the Loan Conversion Date, the Unit Reserve Amount shall be deposited on each January 1 and July 1 in the Replacement Reserve Fund solely from Surplus Cash, if any, or amounts received pursuant to the Guaranty.

• The Aggregate Commitments shall be terminated on the Term Loan Conversion Date.

More Definitions of Loan Conversion Date

Loan Conversion Date as defined in Section 2.4(a).

Loan Conversion Date shall have the meaning set forth in the Wynn Credit Agreement.

Loan Conversion Date means the first day of the first month following the Required Completion Date which date shall not be later than March 1, 2008.

Loan Conversion Date means the earlier of (i) the date Lender acknowledges that Project Completion of the Project has occurred, and (ii) the Required Completion Date.

Loan Conversion Date. As defined in Paragraph 2G.

Loan Conversion Date. The earliest to occur of (v) the date elected as such Loan Conversion Date by the Originator with at least thirty (30) days prior written notice to the Administrative Agent; provided that if such termination occurs within eighteen (18) months of the Closing Date, such termination may only occur with the consent of the Noteholders, (w) the Scheduled Termination Date, (x) the date on which a Rapid Amortization Event first occurs, (y) December 1, 2010, unless the Originator’s revolving credit commitments under the Credit Agreement are extended or replaced by such date with a substantially similar revolving credit commitment with equal or greater liquidity availability and expiring no earlier than October 1, 2012, (z) the Purchase Termination Date, (aa) the Liquidity Termination Date with respect to all Committed Purchasers then party to the Note Purchase Agreement and (bb) the date on which an ALS Change of Control first occurs, unless the Noteholders that hold an aggregate pro rata share of equal to or greater than two-thirds of the aggregate principal balance of the Outstanding Notes have provided their prior written consent to such ALS Change of Control to the Administrative Agent and the Issuer. Notwithstanding the foregoing, in the event that pursuant to Section 2.8 of the Note Purchase Agreement, one or more of the Committed Purchasers does not consent to the extension of the Liquidity Termination Date beyond June 25, 2010, the requirement that the Originator obtain the consent of the Noteholders pursuant to clause (v) above shall no longer apply.”

Loan Conversion Date. The earliest to occur of (v) the date elected as such Loan Conversion Date by the Originator with at least thirty (30) days prior written notice to the Administrative Agent; provided that if such termination occurs within eighteen (18) months of the Closing Date, such termination may only occur with the consent of the Noteholders, (w) the Scheduled Termination Date, (x) the date on which a Rapid Amortization Event first occurs, (y) the date on which the Originator’s revolving credit commitments under the Credit Agreement expire, unless extended or replaced with a substantially similar revolving credit commitment with equal or greater liquidity availability, (z) the Purchase Termination Date and (aa) the Liquidity Termination Date with respect to all Committed Purchasers then party to the Note Purchase Agreement. Notwithstanding the foregoing, in the event that pursuant to Section 2.8 of the Note Purchase Agreement, one or more of the Committed Purchasers does not consent to the extension of the Liquidity Termination Date beyond June 25, 2010, the requirement that the Originator obtain the consent of the Noteholders pursuant to clause (v) above shall no longer apply.