Examples of Term Conversion Date in a sentence
Subject to Section 2.16, the Notice of Term Conversion may be modified or revoked by the Borrower through the Business Day specified as the proposed Term Conversion Date in the Notice of Term Conversion.
Prior to and after giving effect to the Transactions contemplated to occur on the Term Conversion Date, no Default or Event of Default shall have occurred and be continuing.
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).
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.
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.