Term Loan Conversion definition

Term Loan Conversion shall have the meaning provided in Section 1.01(b).

Term Loan Conversion shall have the meaning given such term in Section 2.19.

Term Loan Conversion as defined in Section 2.1(a)(i).

Examples of Term Loan Conversion in a sentence

• If this Term Loan Conversion Option is exercised, then, on the Termination Date, immediately prior to the time when the unpaid principal amount of the Committed Advances would otherwise be due, the Committed Advances shall automatically convert into Term Loans which the respective Borrowers shall repay to the Agent for the ratable accounts of the Lenders on the Maturity Date.

• If this Term Loan Conversion Option is exercised, then, on the Termination Date, immediately prior to the time when the unpaid principal amount of the Advances would otherwise be due, the Advances shall automatically convert into Term Loans which the respective Borrowers shall repay to the Agent for the ratable accounts of the Lenders on the Maturity Date.

• The Parent Borrower shall have the right, on one occasion during the Availability Period, to convert all, or a portion of, the outstanding Revolving Loans of the Parent Borrower and/or ACUS to term loans (the “Term Loans”) in Dollars; provided that any Revolving Loans denominated in Euro or Sterling shall be (if the Parent Borrower requests to convert them into Term Loans) converted to an amount in Dollars at the Spot Rate determined on the Business Day prior to the Term Loan Conversion Date.

• This structure assures that all the program participants receive a total savings on their cost of capital that is on average of up to 225 basis points (2.25%) and in some cases the savings level is even higher.

• All commitment fees in respect of the portion of the Tranche B Commitment reduced pursuant to Section 2.05(b) and accrued until the Term Loan Conversion Date shall be paid on the Term Loan Conversion Date.

More Definitions of Term Loan Conversion

Term Loan Conversion has the meaning set forth in Section 3(b)(iv).

Term Loan Conversion has the meaning assigned to that term in subsection 2.1A(i)(II).

Term Loan Conversion means the occurrence of the events described in subsection 2.1A(iv) on the Term Loan Conversion Date.

Term Loan Conversion means the conversion of an Unpaid Drawing to a Term Loan referred to in Section 2.4(b) hereof.

Term Loan Conversion has the meaning provided in the First Amendment.

Term Loan Conversion has the meaning set forth in Section 11.01(a).

Term Loan Conversion means the conversion of all then outstanding Revolving Loans to a Term Loan pursuant to Section 2.5.