Notice of Loan Conversion definition

Notice of Loan Conversion means a written notice to be delivered not less than fifteen (15) days prior to the Loan Conversion Date by the Servicer to the Issuer, the Trustee, the Borrower, the Construction Phase Credit Facility Provider and Freddie Mac (i) stating that the Conditions to Loan Conversion have been satisfied on or before the Forward Commitment Maturity Date or, if any Condition to Loan Conversion has not been satisfied on or before the Forward Commitment Maturity Date, stating that such Condition to Loan Conversion has been waived in writing by Freddie Mac (if a waiver is permitted) on or before the Forward Commitment Maturity Date, (ii) confirming the Loan Conversion Date and (iii) providing an update, as and if necessary, to the schedule of deposits to the Principal Reserve Fund provided for in the Reimbursement Agreement.
Notice of Loan Conversion as defined in Section 2.4(b).

Examples of Notice of Loan Conversion in a sentence

  • Each Notice of Borrowing, Notice of Loan Conversion and Notice of Interest Period Selection shall be given by Borrower to Agent's office located at the address and at the telephone number referred to above during Agent's normal business hours; PROVIDED, HOWEVER, that any such notice received by Agent after 11:00 a.m. on any Business Day shall be deemed received by Agent on the next Business Day.

  • Mortgage RateNote/Mortgage/Loan Agreement (including the Notice of Loan Conversion Election, if any)1 With respect to the portfolio of mortgaged properties identified on the Data File as “iStar Leased Fee Portfolio,” we were instructed by representatives of the related Mortgage Loan Seller to compare the Property Address, Property City, Year Built, Year Renovated and No. of Units for the related mortgaged properties to the Safety, Income and Growth, Inc.


More Definitions of Notice of Loan Conversion

Notice of Loan Conversion means a Notice of Revolving Loan Conversion.

Related to Notice of Loan Conversion

  • Notice of Loan means a Notice of Loan in the form of the attached Exhibit D.

  • Notice of Loan Prepayment means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit 2.05 or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Exhibit 3.2, as required by Section 3.2.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(f).

  • 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.

  • Notice of Continuation/Conversion has the meaning specified in Section 2.2(b).

  • Borrowing Notice is defined in Section 2.8.

  • Notice of Conversion/Continuation has the meaning assigned thereto in Section 4.2.

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Conversion or Continuation shall have the meaning provided in Section 2.6(a).

  • Notice of Continuation or Conversion has the meaning provided in Section 2.10(b).

  • Continuation/Conversion Notice means a notice of continuation or conversion and certificate duly executed by an Authorized Officer of the Borrower, substantially in the form of Exhibit C hereto.

  • Conversion Request means a request, substantially in the form of Exhibit B, by the Borrower to convert the interest rate basis for all or portions of outstanding Loans, which shall specify (a) the requested Conversion Date, which shall be not fewer than three Business Days after the date of such Conversion Request, (b) the aggregate amount of such Loans, on and after the Conversion Date, which are to bear interest as ABR Loans or Eurodollar Loans and (c) the term of the Interest Periods therefor, if any.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Notice of Revolving Credit Borrowing has the meaning specified in Section 2.02(a).

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Conversion/Continuation Notice is defined in Section 2.9.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Notice of Swing Line Borrowing has the meaning specified in Section 2.02(b).

  • Revolving Loan Notice means a notice of (a) a Revolving Borrowing, (b) a conversion of Revolving Loans from one Type to the other, or (c) a continuation of Revolving Loans as the same Type, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Mandatory Conversion Notice has the meaning set forth in Section 4.7.C hereof.

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Notice of Swingline Borrowing shall have the meaning set forth in Section 2.4.