Revolving Loan Conversion Date definition

Revolving Loan Conversion Date means (x) December 31 of every calendar year, beginning on December 31, 2014, and (y) any other date elected by Borrower and delivered to Agent in an irrevocable written notice at least ten (10) Business Days prior thereto.
Sample 1Sample 2Sample 3
Revolving Loan Conversion Date means, with respect to a Revolving Loan that the Borrower has asked the Bank to convert into a Term Loan in accordance with Section 2.1(d), the first Business Day following the Revolving Loan Maturity Date applicable to the Revolving Loan to be so converted.
Sample 1Sample 2
Revolving Loan Conversion Date means November 30, 2000.
Sample 1

Examples of Revolving Loan Conversion Date in a sentence

  • Each such request shall be irrevocable and the related conversion shall become effective on the Revolving Loan Conversion Date applicable thereto.

  • On and after the Revolving Loan Conversion Date on which a given Revolving Loan has been converted into a Term Loan, such Term Loan shall bear interest and shall be repaid in accordance with the terms set forth in this Section 2.2. Each Term Loan shall be made in an original principal amount equal to the Conversion Amount applicable to the Revolving Loan from which such Term Loan originated and, as a consequence, no new advance of funds will be made by the Bank in respect of any such Term Loan.

  • On and after the Revolving Loan Conversion Date applicable thereto, (i) the Conversion Amount with respect to such converted Revolving Loan, and (ii) all interest, fees and other amounts thereafter accruing on or with respect to the Conversion Amount shall, in each case, be paid in accordance with the terms and provisions of this Agreement applicable to Term Loans.

  • On the Revolving Loan Conversion Date applicable to a Revolving Loan, the Borrower shall repay so much of the outstanding principal amount of such Revolving Loan as shall be required to cause the remaining outstanding principal balance thereof (such remaining outstanding principal balance herein being the “Conversion Amount”) to be less than or equal to 75% of the Acquisition Cost of the Eligible Railcars financed by such Revolving Loan.

  • Accrued and unpaid interest on those portions of the principal balance of a Term Loan outstanding from time to time which are LIBOR Loans shall be payable (i) on the last Business Day of each Interest Period, commencing on the first such date to occur after the Revolving Loan Conversion Date applicable to the Revolving Loan from which such Term Loan has been converted, (ii) on the date of any principal repayment of a LIBOR Loan, and (iii) on the Term Loan Facility Maturity Date.

  • All interest on such converted Revolving Loan which has accrued but remains unpaid on such Revolving Loan as of the related Revolving Loan Conversion Date shall be paid on the Revolving Loan Conversion Date.

  • No such Letter of Credit shall have an expiry date that is more than one (1) year following the date of issuance thereof or that is later than ten (10) days prior to the then scheduled Revolving Loan Conversion Date, unless otherwise approved by the Agent in its sole discretion.

  • Each Lender severally agrees, subject to the limitations set forth below with respect to the maximum amount of Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Closing Date to but excluding the Revolving Loan Conversion Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Revolving Loan Commitments to be used for the purposes identified in subsection 2.5A.

  • No such Letter of Credit shall be issued later than three (3) months prior to the then scheduled Revolving Loan Conversion Date.

  • Borrowers may elect to have the outstanding principal balance of the Term Revolving Loans converted into a term loan (the “Term Loan”) on the Term Revolving Loan Conversion Date.


More Definitions of Revolving Loan Conversion Date

Revolving Loan Conversion Date means the Application Date immediately following the last day of the Availability Period.
Sample 1

Related to Revolving Loan 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.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loan Maturity Date means January 1, 2011, unless extended by Lender pursuant to any modification, extension or renewal note executed by the Borrower and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

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

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • 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 Eurodollar Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit A.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).