Term Conversion definition

Term Conversion means satisfaction or waiver of the conditions set forth in Section 4.04, causing conversion of the Construction Loans and Vista Expansion Loans to Term Loans as set forth in Section 2.04. “Term Convert” is the verb form of “Term Conversion”.

Term Conversion means the conversion of the Construction Loans into Term Loans on the Term Conversion Date.

Term Conversion means satisfaction or waiver in writing of the conditions set forth in Section 4.05.

Examples of Term Conversion in a sentence

• The Term "Conversion Amount" means, with respect to any conversion of this Note, the sum of (1) the principal amount of this Note to be converted in such conversion plus, (2) at the Company's option, accrued and unpaid interest, if any, on such principal amount at the interest rate provided in this Note to the conversion date, provided; however, that the Company shall have the right to pay any or all interest in cash.

• Complete for exercising any of the following from an existing contract such as: Traditional Life Guaranteed Purchase Option (GPO), Term Plan/Rider Conversion, Child Rider Purchase Option, Dividend Term Insurance Conversion, Survivor Purchase Option, Exchange Option, Insurance Builder Benefit (IBB), Family Insurance Benefit, Thrivent Financial Employee Group Term Conversion.

• The Administrative Agent shall have received supplemental opinions of counsel to the Borrower, dated as of the Term Conversion Date, opining as to each of the matters set forth on Appendix K, subject to such qualifications and assumptions as are customary in New York, California or Federal opinion practice (as applicable).

• If the Term Conversion Date does not occur on or prior to January 28, 2014 (the “Date Certain”), then the Borrower shall repay the aggregate principal amount of the Construction Loans on the Date Certain.

• The aggregate amount of Project Costs set forth in the then-applicable Construction Budget are sufficient to cause the Term Conversion Date to occur prior to the Date Certain and the Available Construction Funds both before and after giving effect to such Disbursement shall be equal to or greater than the aggregate amount of unpaid Project Costs set forth in the Construction Budget.

More Definitions of Term Conversion

Term Conversion has the meaning set forth in Appendix B.

Term Conversion means the conversion of the construction loan for the Project (as defined in the Credit Agreement) into a term loan pursuant to the Credit Agreement.

Term Conversion satisfaction or waiver in writing (in accordance with Section 10.3) of the conditions set forth in Section 4.8.

Term Conversion means satisfaction or waiver of the conditions set forth in Section 3.3 of the Credit Agreement, causing conversion of Construction Loans to Term Loans. "Term-Convert" is the verb form of "Term-Conversion." 37

Term Conversion means the conversion of a project construction loan to a term loan upon the satisfaction of a set of conditions. “Thorold” means collectively Thorold LP and the Thorold Facility.

Term Conversion has the meaning assigned to such term in the Credit Agreement.

Term Conversion is defined in Section 2.1.