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 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 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 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.
Such election shall be irrevocable and take effect automatically on the Term Revolving Loan Conversion Date provided that on the date that Borrower Representative delivers notice of the election, and on the Term Revolving Loan Conversion Date, no Default or Event of Default shall have occurred and be continuing.
The Office for National Statistics gives the population for the Nations of the UK as of Office National Statistics (ONS) Population mid-year estimate 2019: United Kingdom (66,796,800); England (56,287,000); Scotland (5,463,300); Wales (3,152,900); Northern Ireland (1,893,700).
On or as soon as practicable after the Revolving Loan Conversion Date, (a) each Lender shall deliver any Revolving Notes issued to it hereunder, marked to show their exchange, to Company, and (b) Company shall execute and deliver to each Lender (or to Administrative Agent for such Lender) a Term Note substantially in the form of Exhibit VI annexed hereto to evidence that Lender's Converted Term Loans, in the principal amount of that Lender's Converted Term Loan.
The Borrower promises to pay interest on the unpaid principal amount of the Revolving Loans from the date made until such principal amount is paid in full or converted to a Delayed Draw Term Loan on the Revolving Loan Conversion Date, payable at such times and at such interest rates as are specified in the Credit Agreement.