Term Loan Conversion Date definition

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.

Term Loan Conversion Date has the meaning specified in Section 2.17(b).

Term Loan Conversion Date means the Termination Date on which all Advances outstanding on such date are converted into a term loan pursuant to Section 2.07.

Examples of Term Loan Conversion Date in a sentence

• 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.

• 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.

• Each request for a Borrowing under this Agreement and the Term Loan Election in accordance with Section 6.2(c) constitutes a reaffirmation of these representations and warranties (other than the representations and warranties listed as “Material Adverse Effect”, “Litigation” and “Environmental Matters” on Exhibit B) as of the date of such Borrowing, such Term Loan Election and the Term Loan Conversion Date.

• If the Company shall have made the Term-Out Election, the Company shall have paid, on the Term Loan Conversion Date, to the Administrative Agent, to be shared on a pro-rata basis with the Lenders, a fee equal to 1/2 of 1% of the outstanding amount of Loans that are converted into Term Loans on the Term Loan Conversion Date (the “Term-Out Election Fee”).

• The Company may, upon notice to the Administrative Agent not earlier than twenty Business Days and not later than ten Business Days, prior to the Termination Date, elect (the “Term Loan Election”) to convert all of the Loans outstanding on the Termination Date into term loans; provided, that no such Loans shall be converted pursuant to the Term Loan Election unless the conditions set forth in Section 3.04 are satisfied on the Term Loan Conversion Date.

More Definitions of Term Loan Conversion Date

Term Loan Conversion Date means the date on which the Borrower requests the extension of the then scheduled Termination Date to the Final Maturity Date pursuant to Section 2.16(b).

Term Loan Conversion Date means, in the event that the Term Loan Conversion Option is exercised, the Scheduled Termination 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 Sect6ion 2.06.

Term Loan Conversion Date means, if the Term Loan Election has been made, the Termination Date on which all Advances outstanding on such date are converted into a term loan pursuant to Section 2.05.

Term Loan Conversion Date means, (a) with respect to the Initial Investment Pool, June 30, 2015, (b) with respect to the July Investment Pool, July 31, 2015, (c) with respect to the August Investment Pool, August 31, 2015, and (d) with respect to any other Investment Pool, the earlier to occur of (i) the Credit Date of the last Revolving Loan, the proceeds of which were used to purchase Eligible Receivables originated during the related Origination Period from the Originator pursuant to the Master Purchase Agreement, and (ii) the Revolving Commitment Termination Date.

Term Loan Conversion Date is defined in Section 4.1.

Term Loan Conversion Date means the earlier of either (a) April 30, 2001 or (b) the Completion Date.